Independent registered representatives and their spouses soon could face unprecedented scrutiny into their personal finances.
All eyes are on Pershing LLC's new technology platform to see whether it will fulfill its promise to offer advisers full integration with third-party technology vendors.
PlanPlus has added Spanish-, Chinese- and French-language versions of its software, which before had been available only in English.
The IRS is working on new rules that could require paid tax preparers to be licensed to improve tax compliance and reduce fraud, IRS Commissioner Doug Shulman announced today.
Two of the primary pillars of retirement security are not just on the ropes, but actually on life support.
Pershing LLC has launched NetX360 for advisers, after a two-year project to consolidate existing systems into a single technology.
Money managers saw assets sold through unaffiliated third-party defined contribution record keepers shrink less than their retail mutual funds last year, according to a report released yesterday by Boston-based Financial Research Corp.
If proposed cap-and-trade legislation aimed at restricting corporate carbon emissions is passed, advisers and investors will have to re-evaluate companies on an individual basis, as the real-money effects of this law would vary dramatically from firm to firm, according a new research report.
Two bills that would transform the way insurance agents are licensed and regulated are likely to face a difficult time in the Senate, according to insurance industry officials.
Raymond James Financial Inc. has acquired a boutique investment bank to expand its reach in that business, following through on plans to scoop up acquisitions in the troubled market.
Smith Barney is not letting at least one of its brokers break away without a fight.
The following edited transcript is from “Surviving an SEC audit after Madoff,” an </i>InvestmentNews<i> webcast held May 19
Household financial decisions are being made increasingly by affluent women, creating opportunities for financial advisers, according to two industry surveys.
In what may be a reprieve for advisory firms, Securities and Exchange Commission Chairman Mary Schapiro seems to have backed off from an idea that would require some advisory firms to face third-party compliance procedure audits.
Broker-dealers may face higher costs connected with customer disputes if revised legislation that would do away with mandatory securities arbitration passes both houses of Congress and is signed into law.
The Securities and Exchange Commission is considering a list of regulations for money market funds that goes far beyond proposed reforms issued in March by the Investment Company Institute.
Federal regulators have sued a defunct California investment brokerage and its former CEO, accusing them of fraud in selling more than $300 million worth of risky mortgage-backed securities to unsophisticated investors.
The paperless office is more appealing to financial advisers than ever — at least if the amount of e-mail I receive on the subject is any indication.
Two-thirds of investors believe that target date funds need to be combined with other funds to achieve a proper mix for their retirement portfolios, a white paper released yesterday by Janus Capital Group Inc. of Denver suggests.
Dan Skiles, formerly the vice president of adviser technology with Charles Schwab & Co. Inc., today joined Shareholders Service Group Inc. of San Diego, a brokerage and custodial firm for independent registered investment advisers.
