One of the keys to success in any endeavor is learning from experience.
Competition is heating up in the normally sedate world of portfolio re-balancing software.
Several wirehouse firms have begun pushing their financial advisers to talk to clients in more depth about health care issues in retirement, but at least one firm, UBS Financial Services Inc., is avoiding the topic because of liability concerns.
The Labor Department will soon release guidelines detailing how advisers may give direct counsel to clients about IRAs.
Citadel Solutions starting Operational Alpha, the first fully integrated hedge fund trading platform for users of Bloomberg’s AIM institutional order management system.
A record 516 new plans were funded in 2007, with total plans serviced growing to 2,825, a 15% increase from 2006.
Many executives said their risk assessment systems had no common control library or were not sure if one existed.
The rule would increase protection for employee contributions to pension and welfare-benefits plans for smaller firms.
Citi Global Wealth Management will acquire the managed account trading and technology platform of Legg Mason Private Portfolio Group.
It's early in the game, but independent advisers appear to be winning the competition to lure retirement assets, according to the management consulting firm McKinsey & Co.
Legislation is moving forward in the Senate that would allow financial services companies to keep their industrial banks.
Last week's U.S. Supreme Court decision to allow individual participants to sue 401(k) plan administrators will put further pressure on financial advisers to ensure that they are adhering to their fiduciary status, industry observers say.
Managed accounts aren't popular default options in 401(k) plans, because fees are too high for plan executives to justify, leaving them concerned about fulfilling their fiduciary responsibility, experts say.
The Securities and Exchange Commission is to be applauded for its proposal to revise Part II of Form ADV.
The tool can replay the market in simulated real-time at an accelerated or decelerated speed, according to the exchange.
While industry experts and broker-dealers are working to simplify variable annuity processing and cut down on paperwork electronically, software vendors are trying to help advisers easily compare products to comply with suitability requirements.
Despite some quibbles, Act For Financial Professionals is a customer relationship management system that is making many advisers' short lists.
