Advisor News

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REGULATION AND LEGISLATION JUL 14, 2009
FPA, NAPFA, state regulators and other groups urge Congress to impose fiduciary standard on all advice providers

Organizations representing investment advisers and consumers today called for Congress to ensure that fiduciary standards are not weakened as financial service regulatory reforms are enacted.

By Sara Hansard
REGULATION AND LEGISLATION JUL 13, 2009
Bill would give SEC vast powers to regulate broker compensation

The Securities and Exchange Commission would gain more authority to make rules governing broker compensation under draft legislation sent by the Department of the Treasury to Capitol Hill Friday.

By Sara Hansard
REGULATION AND LEGISLATION JUL 13, 2009
Advisers back one standard, one regulator, survey shows

Financial advisers are overwhelmingly in favor of adopting a fiduciary standard for all advisers, and they also think that the industry should be governed by a single regulatory body.

By Mark Bruno
OPINION JUL 12, 2009
It's time to rethink retirement plans

An investment fiduciary's duty of loyalty demands that the investor's best interests guide the decision-making process.

By Blaine F. Aikin
RETIREMENT PLANNING JUL 12, 2009
Feds take aim at 401(k) crooks

Amid the economic downturn, 401(k) abuses by plan sponsors are on the rise.

By Sara Hansard
FINTECH JUL 12, 2009
Tech fixes are never easy for family offices

Complain as they do about technology, most financial advisers don't realize how good they have it compared with advisers who work for family offices.

By MFXFeeder
REGULATION AND LEGISLATION JUL 12, 2009
State powers preserved under Obama plan

State regulators have an ally in the Obama administration.

By Dan Jamieson
BRIC group offers opportunities
OPINION JUL 12, 2009
BRIC group offers opportunities

The BRIC group — Brazil, Russia, India and China — for a number of years has functioned as a proxy for large developing markets with an attractive long-term return potential.

By Martin Jansen
REGULATION AND LEGISLATION JUL 12, 2009
Bill would escalate adviser oversight

As the House Financial Services Committee this week begins to hash out plans to make President Obama's proposed consumer financial protection agency a reality, state-regulated investment advisers could find themselves under federal jurisdiction.

By Sara Hansard
REGULATION AND LEGISLATION JUL 10, 2009
'TARP for Main Street' legislation introduced in House

A bill to provide low-cost loans to unemployed homeowners with delinquent mortgages was introduced yesterday by Rep. Barney Frank, D.-Mass., chairman of the House Financial Services Committee.

By Bloomberg
ALTERNATIVES JUL 10, 2009
Frank: Congress to clamp down on derivatives

The chairman of the House Financial Services Committee says that Congress will substantially increase the power of government regulators to monitor derivatives, a type of financial instrument that contributed to the U.S. economic turmoil.

By Bloomberg
REGULATION AND LEGISLATION JUL 10, 2009
Proposal to impose fiduciary standard on broker-advisers heads to Hill

Draft legislation that would give the Securities and Exchange Commission the authority to require brokers who give investment advice to act as fiduciaries was sent to Capitol Hill today by the Treasury Department.

By Sara Hansard
FINTECH JUL 10, 2009
Digital safety deposit box for financial documents launched

A new website hopes to succeed by providing a virtual vault that provides access to vital family documents.

By Davis Janowski
REGULATION AND LEGISLATION JUL 09, 2009
Consumer Financial Protection Agency bill introduced in House

House Financial Services Committee Chairman Barney Frank, D-Mass., has introduced legislation proposed by President Obama to set up a new Consumer Financial Protection Agency.

By Sara Hansard
REGULATION AND LEGISLATION JUL 08, 2009
Morgan Stanley slapped wth $1M arbitration award in raiding case

Morgan Stanley last month suffered a $1 million loss in an arbitration case charging that the firm had “blindsided” a small regional broker-dealer, Strand Atkinson Williams & York Inc., “by a swift and crippling raid” of senior management and top-producing brokers.

By Bruce Kelly
RETIREMENT PLANNING JUL 07, 2009
Target date funds increasingly featured in 403(b) plans, survey says

Non-profit organizations are embracing target date funds and a majority of 403(b) plan sponsors have begun offering these funds in their plans, a study released today showed.

By Lisa Shidler
RETIREMENT PLANNING JUL 07, 2009
Blacks, Hispanics lag in 401(k) participation

African Americans and Hispanics are less prepared for retirement than their white and Asian counterparts, according to a survey released today.

By Sue Asci
OPINION JUL 01, 2009
Frozen 401(k) matches are discouraging employees from contributing

By jmancuso
REGULATION AND LEGISLATION JUN 30, 2009
Bill to found Consumer Financial Protection Agency heads to Congress

The Obama administration sent a 152-page bill to Congress today that would set up a Consumer Financial Protection Agency, a key component of its financial services regulatory reforms.

By Sara Hansard
RETIREMENT PLANNING JUN 29, 2009
Putnam gears up for expanded 401(k) push

To lure 401(k) business, Putnam Investments will upgrade its technology and expand its service offering, according to a top executive.

By Sue Asci