Brokerage firms can use the tool to determine the extent to which manual tasks can be automated.
John Carl of AllianceBernstein won $10 million in damages against the firm and $2 million in punitive damages.
Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.
Nearly half of large employers plan to add or replace funds in their 401(k) plans in the next 12 months, according to a newly released study.
If there is a silver lining to the bursting of the real estate bubble, the weak economy and the attendant bear market, it may be that the great mass of baby boomers still 10 or more years from retirement might be scared into saving more for retirement while they still have time.
Financial advisers favor the 401(k) fee breakdowns that would be required in the Fair Disclosure for Retirement Security Act, which was approved April 16 by a 25-19 party-line vote of the House Education and Labor Committee, even though that stance is at odds with the position taken by the mutual fund and brokerage industries.
Do your clients have health savings accounts?
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
Advisers in the market for customer relationship management tools and aware of the popularity of giant Salesforce.com might be interested in examining XLR8 (pronounced "accelerate").
What do you get when you combine an electronic-circuit designer turned accountant with an equity analyst turned fund manager, both of whom like to dabble in programming?
As identity theft continues to wreak havoc on the American public, including those in the financial services industry, firms are rushing to patch up holes in their online defenses with the newest software and processes.
Both GunnAllen Financial Inc. and a former top executive are claiming victory after a lengthy arbitration battle that focused on whether the independent broker- dealer had the right to fire David McCoy, its former chief operating officer and national sales director, who was dismissed in 2005.
With the economy deteriorating and prices for gas and heating fuel skyrocketing, consumers who are seeking new sources of cash are increasingly jeopardizing their retirement income by taking out loans from their retirement plans.
This year's proxy season could be a pivotal one in the battle for improved corporate governance.
"Rep-as-adviser" programs are gaining interest among brokerage firms as an alternative to the banned fee-based brokerage accounts, according to a report by Cerulli Associates Inc.
On March 31, Treasury Secretary Henry Paulson released the Treasury's "Blueprint for a Modernized Financial Regulatory Structure."
Service providers to 401(k) plans should not be required to be fiduciaries of the plans, the Department of Labor is being told.
