Merged Dallas, OKC firms rename, to expand regional footprint
Burns Advisory and Executive Financial are in final stages of integration after adopting a new name
Why Ric Edelman is going private
Edelman Financial Group isn't big enough to develop the liquidity and attention of analysts needed for institutional investors to trade the stock, Edelman says.
Occupy Wall Street draws mixed reactions from advisers
A majority of financial advisers don't support the Occupy Wall Street movement, but they are more evenly split when it comes to the broad themes espoused by the protesters: imposing higher taxes on the wealthy and tougher regulations on big banks
Advice about college planning
About eight months ago, a recently divorced friend called me in a panic. John and his ex-wife, Mary, as I'll call them for the sake of privacy, were sorting out their financial affairs and realized that there was little money available to pay for college for their only child, who will be heading off to school in 2013.
Lincoln National ordered to make good on insurance in heated Stoli case
Judge finds for claimant in $5 million stoli benefits payment from Lincoln National Life
Prudential settles with 20 states over unclaimed death benefits
Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries
Cost basis on mutual fund assets updated in DTCC system
The Depository Trust & Clearing Corporation announced Tuesday that it rolled out enhancements to its Cost Basis Reporting…
Lincoln may get more defensive with MoneyGuard hybrid
Lincoln National Corp. may raise fees and change its benefits on its popular MoneyGuard Reserve product, a combination of universal life insurance and long-term-care benefits.
LTCI too pricey even for Uncle Sam as CLASS Act yanked
Executives at life insurance companies can breathe a sigh of relief now that the proposed federal long-term-care insurance program — the CLASS Act — has been killed
Firms’ lack of job description, career path turns off recruits
Financial advisers may be ready to hire this year, but many aren't in a position to attract the brightest young candidates, according to a recent survey and participants in a related recruiting round table last week.
LPL affiliate scooped up more than 140 new advisers in 2011
Independent Financial Partners aims to push recruitment this year — and add $30 million in GDC
Natural resources a natural selection for investors
Evolving world has fewer raw materials, but more demand; time to pounce, fund manager says
Merrill reorg gives the driver’s key to Thiel
John Thiel, Bank of America Merrill Lynch's new boss, has put his own stamp on the business with a revamped and leaner management structure
Advisers find slim pickings as VA market contracts
Financial advisers, reeling from last year’s tumult in the variable annuity market, are now rethinking the carriers they…
Score one for the little guy; Obama’s budget proposal bonks big guys, helps planless savers
Families earning more than $250K lose incentive; those without plans can access an auto-IRA
ASPPA, record keepers ask DOL for extension on plan fee disclosure
The American Society of Pension Professionals and Actuaries and its sister organization The Council of Independent 401(k) Recordkeepers have asked the Labor Department for more time to meet enhanced fee disclosure requirements.
Pacific West Securities ordered to pony up $2.1M over TICs
A Finra arbitration panel has awarded a couple $2.1M over unsuitable tenant-in-common exchange investments
FSI lays into Labor Department on fiduciary proposal
Advocacy group demands update on rule revamping; 'withdraw and re-propose, not withdraw and walk away'
