SEC eyes requiring such funds to establish 'NAV buffer'; idea would trump ICI's plan for liquidity bank
Since true out-of-the-box innovation in adviser technology is relatively rare, my antennae are always up, looking for new, interesting angles to share with readers
Financial advisers continue to amaze me with their ability to harness technology to do business in new, creative ways
B-D and advisory groups look to a) speed up, or b) slow down adoption of single standard of care
Plain-English disclosure document would describe services, conflicts and limitations on duties
A new rule aimed at making the financial advisory business more understandable to clients is giving advisers a headache.
Securities and Exchange Commission officials tried to assure Congress last week that the SEC's examination and enforcement divisions are working together more effectively to catch and prosecute rogue advisers such as Robert Allen Stanford, who allegedly bilked clients out of $8 billion.
While it'll never compete with Justin Bieber, one financial planner's You Tube post on standards of client care has become an unlikely hit. In fact, he's even attracted a million-dollar account thanks to the unusual come-on.
Barclay's behavioral-finance expert says rich clients' irrational responses can be reined in
The largest brokerage has seen its assets swell, while reps' productivity has soared. Those reps that are not producing? MSSB still plans to do some pruning.
Apparently, $4M isn't what it used to be. When asked how much they'd need in investable assets to consider themselves wealthy, millionaires came back with a hefty number.
Reluctant to entrust their financial assets to any one financial adviser, the nation's top tier of investors is spreading its wealth. In fact, new research shows that well over half of wealthy clients now work with at least five advisers.
A mediation session to resolve hundreds of millions of dollars of investor claims against Securities America Inc. failed to yield a settlement last week, as the firm's 1,800 reps and advisers continue to speculate on whether the firm will survive.
Persuades judge in civil trial to move him from prison cell to house arrest; 'wreck of a man'
Government studies show employees, bosses often unaware of practice; does it boost returns or not?
Francisco Illarramendi, a hedge fund manager in Connecticut, pleaded guilty to fraud and two other men were charged with conspiracy in a U.S. probe of an alleged Ponzi scheme with potential investor and creditor losses of hundreds of millions of dollars, prosecutors said.
Service providers have an additional six months to prepare for plan fee disclosure regulations, and from the looks of it, broker-dealers are going to need all that time to make sure they're up to snuff.
Employees' 401(k) account balances in the equities markets in 2010 continued to climb and were higher than they were before the markets fell, according to a recent analysis
