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.
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.
The Securities and Exchange Commission is to be applauded for its proposal to revise Part II of Form ADV.
The tool can replay the market in simulated real-time at an accelerated or decelerated speed, according to the exchange.
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.
Despite some quibbles, Act For Financial Professionals is a customer relationship management system that is making many advisers' short lists.
While target marketing usually means targeting a specific audience, sometimes a product target also can bring success.
Today’s Supreme Court decision will impact 50 million workers with $2.7 trillion invested in 401(k) plans.
Disciplinary histories would be included in plain English brochures.
Christopher Poch will run the private trust group at the firm.
Signature Resources Capital Management has teamed up with Fundquest Inc. to launch a wealth management platform.
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.
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.
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.
The Investment Management Consultants Association has been attracting more independent planners and advisers.
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.
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
Officials have testified that the time is right for a federal insurance regulator.
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.
