Several third-party technology providers have banded together and this week launched a new forum to help educate and assist newly independent advisers in their selection of software, hardware and other technology components to complete their back offices.
Excise taxes imposed on retirement savings account holders who do not take minimum distributions by age 70½ would be suspended for 2009 under legislation unanimously approved last night by the House of Representatives.
Pershing LLC, the securities clearing and RIA custody affiliate of The Bank of New York Mellon Corp., has set up a website and suite of tools for stockbrokers who are considering shifting from large broker-dealers to other business models.
Fidelity Investments of Boston today launched a program that allows investors to save for retirement while spending money.
The end of each year is a time of reflection and anticipation.
The following is an edited transcript of the round-table discussion.
Despite intense pressure from regulators to tighten recruiting standards for brokers with marks on their records, these bad apples are still being hired by new firms, recent cases illustrate.
Where are the advocates for businesspeople and investors in President-elect Barack Obama's incoming administration?
The outlook for traditional retail-brokerage firms has never been so uncertain.
As much as executives at custodian firms dream about scores of wirehouse brokers going independent, they say that it's just not happening.
In an effort to maintain a tight grip on retirement assets, some major 401(k) providers — including The Charles Schwab Corp. — are considering lowering the investment management fees they charge to employers.
Cabinet NG Inc. a provider of management systems has introduced a hosted product called CNG-ONLINE.
Before yearend, capitalize on low stock values by moving to Roth accounts.
Advisers find themselves in unusual situations in this roller coaster financial market, and some are offering advice — which might contradict conventional wisdom.
Two recent surveys lend credence to suggestions that the Wall Street meltdown may drive more financial advisers to independent firms from wirehouses.
When a client recently told her adviser that she would be losing her public relations job in six months, Morris Armstrong gave her advice that he never thought he would dispense: He told the single mother, who had been contributing significantly to her 401(k) plan, to stop.
A new service from the Depository Trust and Clearing Corp. automates the account setup and maintenance of managed accounts — eliminating an onerous and non-standardized manual process.
The incoming administration should consider the regulatory reforms for the financial markets that it will propose to Congress and the regulatory agencies when it takes office in January.
To attract disaffected wirehouse reps, more independent financial firms are signing on to the industry's recruitment protocol.
