The rule would increase protection for employee contributions to pension and welfare-benefits plans for smaller firms.
Citi Global Wealth Management will acquire the managed account trading and technology platform of Legg Mason Private Portfolio Group.
It's early in the game, but independent advisers appear to be winning the competition to lure retirement assets, according to the management consulting firm McKinsey & Co.
Legislation is moving forward in the Senate that would allow financial services companies to keep their industrial banks.
Last week's U.S. Supreme Court decision to allow individual participants to sue 401(k) plan administrators will put further pressure on financial advisers to ensure that they are adhering to their fiduciary status, industry observers say.
Managed accounts aren't popular default options in 401(k) plans, because fees are too high for plan executives to justify, leaving them concerned about fulfilling their fiduciary responsibility, experts say.
The Securities and Exchange Commission is to be applauded for its proposal to revise Part II of Form ADV.
The tool can replay the market in simulated real-time at an accelerated or decelerated speed, according to the exchange.
While industry experts and broker-dealers are working to simplify variable annuity processing and cut down on paperwork electronically, software vendors are trying to help advisers easily compare products to comply with suitability requirements.
Despite some quibbles, Act For Financial Professionals is a customer relationship management system that is making many advisers' short lists.
While target marketing usually means targeting a specific audience, sometimes a product target also can bring success.
Today’s Supreme Court decision will impact 50 million workers with $2.7 trillion invested in 401(k) plans.
Disciplinary histories would be included in plain English brochures.
Christopher Poch will run the private trust group at the firm.
Signature Resources Capital Management has teamed up with Fundquest Inc. to launch a wealth management platform.
Brent Nelson's nightmare experience with state securities regulators began last May when, out of the blue, he received a letter from Ohio's Division of Securities telling him his license had been suspended.
The French really are different. Consider how the United States would have dealt with Jérôme Kerviel, the 31-year-old trader at Société Générale who managed to lose more than $7 billion through unauthorized trades in stock index futures.
Registered investment advisers seem to be winning the race to capture the retiring-baby-boomer market, according to Charles "Chip" Roame, managing principal of Tiburon (Calif.) Strategic Advisors LLC, who spoke at the TD Ameritrade Partnership 2008 Conference in Orlando, Fla. this month.
The Investment Management Consultants Association has been attracting more independent planners and advisers.
