The Massachusetts Securities Division, led by William Galvin, targeted many of the wrong firms in questioning 401(k) record keepers about employers moving to an annual match instead of contributing each pay period.
William Galvin, Massachusetts' chief securities regulator, is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings.
Nick Schorsch's RCS Capital is building the second-largest independent broker-dealer network — 9,000 registered reps and financial advisers — through several acquisitions it announced last year.
Well-known blogger and industry gadfly continues to pepper online advisers.
Nick Schorsch has been snapping up B-Ds with the fervor of Carrie Bradshaw from “Sex and the City” chasing down her next pair of Manolo Blahniks. But with J.P. Turner, is the firm's stock-jockey history a problem or did Nick buy a gem at downtown prices?
Three longtime veterans of the Carson Wealth Management Group, one of LPL Financial's highest-grossing firms, with about $4.3 billion under management, left to join other firms in recent weeks.
Morgan Stanley CEO James Gorman is looking to lower brokers' payout relative to revenue as the firm focuses on hitting its stated goal of raising profit margins.
Introducing 'the law of 1,920' to underline that advisers' income is completely dependent on where they spend their work hours in a year
Tool will enable IRI member firms to project how much retirees will spend on health care.
Both SIFMA and FSI cautious about Finra proposal to strengthen its database.
Building Social Security benefits into your clients' retirement income plans? You might want to think again. Mary Beth Franklin on the "ugly truth" of what's eating that income.
Bruce Kelly reports about Meyers Associates, a small New York broker-dealer with five times the industry average of registered reps with marks, or 'disclosure events' on their record.
As deadline for federal insurance looms, advisers report mixed results
The Internet has changed the game but decades-old scripts still lure investors
Houston radio host George Jarkesy charges the regulator denied him due process in a fraud case.
It isn't crazy to consider the potential of marijuana stocks as investments. But as weed's legality remains in flux, investors might want to steer clear.
Former AIG Life and Retirement executive to oversee nonfinancial operations at alternative investment shop.
But still, the bottom line is that working beyond Medicare age saves thousands. Couples who decide to retire at 62 are likely to spend an extra $17,000 per year for a total of $271,000 during retirement.
<i>Breakfast with Benjamin:</i>Oil spikes as Iraq's stability crumbles. Plus: Hedge funds bristle at Obama's latest executive order, the significance of the Dow at 17,000, how active managers are helping index investors, and quantitative analysis is being applied to golf scores.
The fastest growing region for affluent families is Asia.
