The Money Management Institute’s board of governors this week approved the release and publication of the Account Origination and Maintenance Standards release Version 1.0.
The majority of financial services firms did not include information about the financial crisis on their websites’ home pages from when the crisis began in October through February, according to a study released today by Weber Shandwick.
The chief executive of Goldman Sachs Group Inc. today called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds.
In a customer service satisfaction survey of 17 brokerage firms, discount-brokerage firms scored better in terms of navigating clients through the market downturn last year, compared with larger, full-service brokers, according to Consumer Reports.
The Options Industry Council has announced a new effort to serve the educational needs of financial advisers by launching a dedicated adviser web portal and the addition of Eric S. Cott as director of financial adviser education.
Rep. Robert Andrews said that despite more than $2 trillion in losses over the last year, the 401(k) system is not broken — it just needs some minor, and rather immediate, adjustments to empower individual investors,
Participants in the 401(k) plan at Merrill Lynch & Co. Inc. have reached a $75 million preliminary settlement with the brokerage firm to cover losses sustained in their retirement plans over the last several years.
Two important lessons of the current bear market are that stocks don't always outperform bonds over significant time periods and that investors can't assume a 10% annual return over the long run.
After months of waiting for talks on the sale of the three broker-dealers that make up the AIG Advisor Group to be resolved, many of the more than 6,000 representatives and financial advisers in the network are growing anxious about their future.
The release of Internal Revenue Service Ruling 2009-9 and Revenue Procedure 2009-20 be-fore the April 15 filing deadline has granted timely guidance to victims of Bernard Madoff.
Finra securities arbitration panels have handed investors two huge wins in recent months, but lawyers and industry observers are divided about whether such noticeable awards signal favorably for investors.
Advisers are frustrated with current software options because they are difficult to integrate, hard to use and more complex than they need to be.
In the latest iteration of a plan that’s been steadily gaining support from both Democrats and Republicans on the Hill, legislation was introduced yesterday that would create a federal insurance regulator.
The latest versions of eMoney 360 and eMoney 360Pro have been released by eMoney Advisor.
The U.S. government’s $787 billion stimulus package offers ripe opportunities for fraud, according to criminal experts.
Legislation approved Wednesday by the House of Representatives that would limit bonuses at government-aided firms may lead more wirehouse brokers to become independent investment advisers, said an attorney who specializes in helping breakaway brokers start their own advisory firms.
The National Endowment for Financial Education is launching a new website specifically aimed at helping individual investors design their own customized retirement income plans.
President Obama has his eye on automatic enrollment in individual retirement accounts and an expansion of the Saver’s Credit Act as a way to encourage Americans to prepare for retirement, according to a retirement policy expert.
More employer-sponsored retirement plans may start to offer Treasury and government money market mutual funds to minimize the risk of losses, according to a survey of plan consultants released today by Pacific Investment Management Co. LLC.
