Advisor News

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RETIREMENT PLANNING FEB 25, 2008
Pressure to be fiduciaries intensifies

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.

By Bloomberg
RETIREMENT PLANNING FEB 25, 2008
Fees push managed accounts off 401(k) default lists

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.

By Bloomberg
OPINION FEB 25, 2008
Proposed ADV revisions are sound

The Securities and Exchange Commission is to be applauded for its proposal to revise Part II of Form ADV.

By MFXFeeder
FINTECH FEB 25, 2008
Nasdaq unveils Market Replay

The tool can replay the market in simulated real-time at an accelerated or decelerated speed, according to the exchange.

By Bloomberg
FINTECH FEB 25, 2008
Technology solutions taking aim

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.

By Bloomberg
FINTECH FEB 25, 2008
Act For Financial Professionals

Despite some quibbles, Act For Financial Professionals is a customer relationship management system that is making many advisers' short lists.

By Bloomberg
OPINION FEB 25, 2008
Retirement Income Management Is Different

By Bloomberg
RETIREMENT PLANNING FEB 25, 2008
Finding niche in 401(k) consulting

While target marketing usually means targeting a specific audience, sometimes a product target also can bring success.

By Bloomberg
RETIREMENT PLANNING FEB 20, 2008
Individuals may now sue 401(k) plans

Today’s Supreme Court decision will impact 50 million workers with $2.7 trillion invested in 401(k) plans.

By Bloomberg
REGULATION AND LEGISLATION FEB 19, 2008
SEC proposes improved disclosure

Disciplinary histories would be included in plain English brochures.

By Bloomberg
RIA NEWS FEB 19, 2008
LPL recruits another exec from a rival

Christopher Poch will run the private trust group at the firm.

By Bloomberg
FINTECH FEB 19, 2008
Signature Resources teams with Fundquest

Signature Resources Capital Management has teamed up with Fundquest Inc. to launch a wealth management platform.

By Bloomberg
REGULATION AND LEGISLATION FEB 18, 2008
Ohio regulators ramp up inspection of brokers

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.

By Bloomberg
OPINION FEB 18, 2008
Lessons from a French scandal

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.

By Bloomberg
INDEPENDENT BROKER DEALERS FEB 18, 2008
RIAs poised to capture retiring boomers' assets

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.

By Bloomberg
INDEPENDENT BROKER DEALERS FEB 18, 2008
IMCA attracting more independent planners, advisers

The Investment Management Consultants Association has been attracting more independent planners and advisers.

By Bloomberg
FINTECH FEB 18, 2008
LPL's CIO says tools are sound

LPL Financial will increase its spending on monitoring tools and in other areas to make sure it does not experience a repeat of last year's technology glitches, according to its new chief information officer.

By Bloomberg
FIXED INCOME FEB 15, 2008
Cantor pays for personnel raid

Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 15, 2008
Congress mulls insurance regulator

Officials have testified that the time is right for a federal insurance regulator.

By Bloomberg
FINTECH FEB 14, 2008
Trumpet rolls out add-on to simplify use of Worldox doc management

Many advisory firms are already invested in and rely on the comprehensive and complex Worldox application for their document management needs. Now another company — Trumpet Inc. — has come out with an add-on program for Worldox that is meant to help simplify the scanning and accuracy of filing documents.

By Davis Janowski