The about-to-retire and the already retired have at least two things in common: Both want income they can’t outlive, and both want to leave behind a legacy. By employing philanthropic-planning techniques, a forward-thinking adviser can help clients of any age accomplish both goals — often very successfully.
Some financial advisers are relying on an old strategy called a grantor-retained annuity trust to help rich clients who want to pass their assets on to their children free of estate tax.
Financial planners applauded last week’s dramatic one-half-percentage-point cut in the federal funds rate by the Federal Reserve Board, saying the move provides an opportunity to calm nervous investors and help clear up their debt problems.
Financial advisers are questioning the decision of TD Ameritrade Holding Corp. to keep them in the dark after hackers gained access to their clients’ Social Security numbers, account numbers, phone numbers and e-mail addresses.
With the deadline for ending fee-based brokerage accounts looming, big brokerage firms are scrambling to move their customers into advisory accounts.
The insurance industry wants Congress to do something about the Byzantine system of state-by-state agent licensing and oversight.
Broker-dealers will need to beef up compliance and oversight of variable annuity sales by their representatives at the start of next year.
Despite initial resistance, a few independent-broker-dealer firms have begun to allow their financial advisers to serve as fiduciaries, following pressure from the advisers themselves.
Chief executive Eric Schwartz is handing the title of president to chief operations officer Amy Webber.
NAPFA has teamed up with the Hueler to launch a platform that allows fee-only planners to purchase institutionally priced annuities for their clients.
The SEC has voted to give some non-discretionary advisory accounts limited relief from principal trading restrictions.
The registered investment adviser will pay $32.5 million to settle market-timing charges with the SEC.
Fidelity Registered Investment Advisor Group today became Fidelity Institutional Wealth Services.
Assets for 529 college savings plans managed by Fidelity Investments grew nearly 60% for the past year to $13.5 billion.
Marsh & McLennan Cos. stock slipped after Brian M. Storms stepped down as CEO of Marsh Inc. on Friday.
Insurance regulators are joining the attack on investment fraud that targets older Americans.
Compensation for financial advisers continues to skyrocket, and the profession will become even more lucrative, according to a study released last week.
With the cost of credit rising, companies struggling to raise cash in either the debt or equity markets have been increasingly looking for alternative financing through private investments in public equity, also known as PIPEs, turbocharging an already booming market.
The municipal bond market is recovering after a period of extreme turmoil last month during which buyers disappeared and trading froze up. Despite a strong rally since then, observers say, some longer-term municipal bonds still offer yields almost equal to taxable paper — an extremely rare event — and remain attractive buys.
The escalating battle between A.G. Edwards & Sons Inc. and Stifel Financial Corp. is now in the courts.
