One year after the passage of the landmark Pension Protection Act, which made federal tax breaks for Section 529 college savings plans permanent, the programs are approaching “critical mass,” according to the head of the College Savings Plan Network.
CHICAGO — The role of financial advisers won’t be diminished by the new 403(b) regulations released late last month, according to industry experts.
Armed with a series of fee cuts and reimbursements to its advisers, LPL Financial Services thinks that it can take on the giants of the custody business that provide platforms for fee-only registered investment advisers.
NEW YORK — Retirement is already scary for both near-retirees on a tight budget and their planners, but these clients may warrant a second look, advisers said.
PHILADELPHIA — The two biggest names in indexing don’t agree on the relative performance of value and growth stocks during the first half of the year.
NEW YORK — An investment company has hired an environmental engineer to run a mutual fund that invests in water infrastructure. The company calls it the only actively managed fund that makes such investments.
NEW YORK — FSC Securities Corp. last month was taken to task in an NASD arbitration panel decision.
IRVINE, Calif. — The Wealth Advisor Institute is calling for reform of the broker-termination-reporting process.
Merrill Lynch helped speed up the deterioration of one of Bear Stearns' collapsed hedge funds.
Barclays Global Investors today launched the first iShare ETF to invest in international real estate via real estate investment trusts.
