Financial planners around the country say there is a sense that people are returning to basic principles: Maximize savings; limit use of credit cards; keep a substantial emergency fund; understand risk; diversify; and don't short-cut your way to wealth.
With anticipation building about its $600 million IPO, LPL Investment Holdings Inc. last week said that it is acquiring the assets of National Retirement Partners Corp., an advisory and brokerage firm that specializes in defined-contribution retirement plans.
Vanguard CEO McNabb warns against the regulation of futures. For McNLeverage is the real issue, he says
The independent broker-dealer industry took a giant step backward last year, with the largest 25 firms collectively reporting a 10.3% drop in gross revenue.
As the stock market was climbing to its historical peak in late summer 2007, GunnAllen Financial Inc. executives told people that the firm was working to put the worst elements from its brief, intense past of breakneck growth behind it.
The biggest-producing branch of dead-in-the water GunnAllen Financial Inc. is heading to a new independent broker-dealer, Aegis Capital Corp.
Embattled firm said to be in net capital violation after eleventh-hour effort failed to raise fresh funds
Massachusetts widens the net in its ongoing probe of private placements gone bad.
After watching the fall of GunnAllen Financial Inc. become official this morning, the firm's founders —Donald James “Jay” Gunn and Richard Allen Frueh —are apparently moving to a rival broker-dealer.
Right now, defections to other firms aren't that common. But the big Wall Street firms could soon see an exodus of top-level brokers
Top bank executives can expect a grilling when they appear before a congressionally appointed panel investigating the causes of the 2008 financial collapse.
Version 2.2 of the popular financial-planning software was introduced in November. The application has several new features, including an internal Roth IRA conversion feature as well as a stand-alone Roth IRA conversion calculator that can be used by financial advisers who need to create financial plans for clients and prospects.
Fidelity Investments introduced a free online Roth IRA conversion calculator last month to both its independent registered investment advisers and the broker-dealer clients that clear through National Financial Services LLC.
Earlier in the year I asked a regular source of mine, H. Jude Boudreaux, director of financial planning at Bellingrath Wealth Management, to “test drive” four different free calculators available on the Internet.
Technology providers and product companies have been rolling out Roth IRA conversion calculators in a bid to meet the expected needs of advisers and their clients ahead of some significant changes in conversion rules for next year.
Large adviser teams at wirehouses control, on average, 80% of their firm's assets, and about a third of the industry's total adviser-managed assets, according to Cerulli Associates Inc.
Finra expects to bring cases against brokerage firms involved in selling private-placement offerings next year, its head of enforcement said last week.
Fidelity Investments introduced a free online Roth IRA conversion calculator Tuesday for its independent registered investment advisers and the broker-dealer clients that clear through National Financial Services LLC.
Finra has opened up its checkbook to lobby Congress for authority over investment advisers.
