The pending rule changes around Roth IRA conversions present a huge business opportunity for financial advisers to have deeper conversations with clients, according to a new survey by Charles Schwab & Co. Inc.
Invest Financial Corp. said today that it has hired Steve H. Dowden as president and chief executive, succeeding Lynn Niedermeier.
At a recent workshop, advisers told me they are finding that a surprisingly high percentage of their clients are unemployed. Advisers found this out during client reviews, and they said the news surprised them — clients had never called to let them know about their new circumstances.
A top White House official issued a robust defense of the Obama administration's recovery policies on Monday with a pointed critique of economic conditions and fiscal policies during the presidency of George W. Bush.
A lawyer for a Miami insurance agent says he'll plead not guilty to charges of stealing more than $14 million from premium finance companies.
Oil prices rose above $73 a barrel Monday as investors looked to a slew of U.S. corporate earnings reports this week for signs of economic recovery.
The stock market is keeping its momentum going, giving shares their best week in more than two months.
The Committee for the Fiduciary Standard is an organization that every investor and financial professional should know about.
Citigroup Inc.'s announcement that it will convert most of the brokers in its bank-based network into fee-based advisers has many of its brokers wondering how they will get paid and what they will be selling.
SEC Chairman Mary Schapiro could credibly claim that during her tenure as head of Finra, the group was not responsible for failing to detect the Madoff Ponzi scheme.
A recent report that details Finra's inability to detect R. Allen Stanford's long-running, $7.2 billion fraud clearly shows that the securities industry self-regulator has gaping and significant problems related to its exams of broker-dealers.
Willing to go to any length to avoid oversight by Finra, financial advisers are reluctantly accepting the idea of paying the SEC to regulate them.
ING Groep NV's decision to sell its Swiss private-banking unit to Julius Baer Group is renewing speculation that the insurer may soon sell off most of its broker-dealer network in the United States.
Officials for Penson Financial Services Inc. said that a video circulating on the Internet of one of its traders engaging in an apparent naked short sale is a fraud that unfairly accuses the firm of violating Securities and Exchange Commission regulations.
A proposal put forward by the Obama administration and Rep. Paul Kanjorski, D-Pa., chairman of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, would weaken the Investment Advisers Act of 1940, according to the head of a group that represents federally registered advisers.
The Retirement Income Industry Association has formally introduced a new educational course designed to help financial advisers be certified as “retirement management analysts.”
Although the Alliance for Investor Education hopes that many teachers will gravitate to its newly released resource list of financial-education websites for children, the market downturn may also drive some adults “back to school.”
The Vanguard Group Inc., the retirement plan provider and investment manager, says CEO F. William McNabb III will take on the role of board chairman in January.
