The Department of Labor and the securities regulator are said to be working on a joint consumer alert about target date funds. Other guidance from the DoL is in the offing, too.
The Labor Department today released proposed regulations that prohibit financial advisers giving advice to 401(k) plans, or their employer or the employer's affiliates, from receiving extra compensation because the plan sponsors bought a product recommended by the adviser.
A pair of Nebraska investors have filed a class-action lawsuit against LPL Financial, saying that one of the company's brokers misled them about the costs and benefits of annuities.
When it comes to the decumulation phase of retirement behavioral finance hasn't yet been well-deployed to help retirees understand that they may very well outlive their retirement savings
Here we are, in the midst of a trend to “breakaway Advisors,” where more and more Advisors are thinking of places to work outside of the big 4 firms.
At first blush, it seems as though a bear market would be the biggest threat to your clients' retirement income security.
Advisers who specialize in the 401(k) market have been switching broker-dealers in search of firms they feel are better equipped to handle their growing business — and new government pension regulations.
Most 401(k) plan participants need investment advice.
Advisers should have difficult discussions about how much a client actually needs to retire, rather than how they feel about risk.
All but 7% of the nation's 20,000 wealth management firms won't extract significant value from their business when their owners retire, because most do not have a sustainable profit model, a new report contends.
Big trouble for Tiny Gallon? The Oklahoma athletic department is said to be looking into allegations that the Sooners' star basketball player received money from a financial adviser
JPMorgan Chase & Co. wants to squeeze more business from its mass-affluent customers, and it's asking Barry Sommers, the former head of its brokerage unit, to lead the effort.
Global millionaires' ranks increased by about 17 percent in 2009, with the Asia-Pacific region posting a 26 percent gain, according to a report by Capgemini SA and Merrill Lynch & Co.
A Senate panel has asked the inspector general of the Securities and Exchange Commission to examine the recent exit of a top SEC official to Getco LLC, a high-frequency-trading outfit.
The global millionaires' club expanded by about 14 percent in 2009, according to the Boston Consulting Group, with the number of millionaire households increasing to 11.2 million. The majority of these wealthy households reside in these five countries.
The global millionaires' club expanded by about 14 percent in 2009 with Singapore leading the way, The Boston Consulting Group said.
The portfolios of the wealthy have almost recovered from the financial crisis, but that doesn't mean they trust their financial institutions anymore, BCG said today in a report.
Former Treasury Secretary Henry M. Paulson today said that last-minute authority given to the Treasury Department by Congress to save failing financial institutions probably averted another Great Depression.
Mark Singer, a former Smith Barney broker who's been accused of criminal fraud in connection with the handling of cemetery trust funds in the Midwest, is suing his former employer for $7 million in unpaid compensation, plus legal costs.
