Advisor News

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RETIREMENT PLANNING SEP 12, 2007
401(k)'s a boon to low-income workers

Automatic escalation will increase 401(k) accumulations by up to 28% in the lowest income group, says a study.

By Bloomberg
FINTECH SEP 11, 2007
Laserfiche presents Intuition Pro

Laserfiche, of Long Beach, Calif. officially rolled out its new Intuition Pro document management system.

By Bloomberg
FINTECH SEP 11, 2007
SmartDraw debuts graphics software

SmartDraw.com launched SmartDraw 2008, the company’s latest version of business graphics software.

By Bloomberg
RETIREMENT PLANNING SEP 11, 2007
Slow and steady for boomer advisers

Financial advisers shouldn’t focus on the big picture of 78 million baby boomers charging toward retirement, but as a gradual evolution, said Oppenheimer Funds economist Brian Levitt.

By Bloomberg
REGULATION AND LEGISLATION SEP 10, 2007
Ex-Amex chief Sodano settles with SEC

This week, after a long battle with the SEC, former American Stock Exchange chairman and chief executive Salvatore F. Sodano consented to SEC findings that he failed to supervise the exchange's oversight of its order-handling and record-keeping rules from 1999 through June 2004.

By Dan Jamieson
FINTECH SEP 10, 2007
Schwab entices advisers with free software

Schwab Institutional will provide free portfolio re-balancing software to financial advisers who use its custody services.

By Bloomberg
RETIREMENT PLANNING SEP 10, 2007
Employers eye more palatable 401(k) proposal

An industry-friendly 401(k) fee bill could be drafted soon in the House Ways and Means Committee to avoid some of the more-onerous provisions of an earlier bill.

By Bloomberg
RETIREMENT PLANNING SEP 10, 2007
Forget Leona Helmsley – far-fetched wills abound

Despite widespread incredulity from the public about the weird details of hotel empress Leona Helmsley’s will, some advisers know that bizarre bequests are not uncommon, having watched their own clients seek to rule their families from beyond the grave.

By Bloomberg
INDEPENDENT BROKER DEALERS SEP 10, 2007
Pershing snags Tibergien as chief of advisory unit

In a marketing and business coup, Pershing LLC has hired Mark Tibergien, a leading consultant in the financial advice industry.

By Bloomberg
FINTECH SEP 10, 2007
Upgraded planning software takes a modest step forward

Financial crises may come and go. Today’s highflying stock may be tomorrow’s dog. But through it all, the quest for practical, if not perfect, financial planning software has been a constant that left irritated advisers reaching for the Prozac.

By Bloomberg
OPINION SEP 10, 2007
Is time right for specialized bond products?

By ewilliams
OPINION SEP 10, 2007
The computer-driven advice model

The Pension Protection Act provides a good outline of the major components required Over the past year, I have written extensively on provisions of the 2006 Pension Protection Act. Let’s now focus on components of the PPA’s computer-driven advice model.

By Bloomberg
OPINION SEP 10, 2007
The power of a business plan

By Joni Youngwirth
RETIREMENT PLANNING SEP 10, 2007
The pursuit of minority advisers

On Saturday, all eyes at the Financial Planning Association’s annual conference in Seattle were on keynote speaker Christopher Gardner, the financial adviser whose rags-to-riches story was celebrated in the 2006 hit movie “The Pursuit of Happyness,” starring Will Smith.

By Bloomberg
INDEPENDENT BROKER DEALERS SEP 10, 2007
AIG Advisor Group’s makeover gets OK

Industry observers and financial advisers are welcoming a series of management changes announced Tuesday by AIG Advisor Group Inc., which hopes the changes will lead to better services for advisers.

By Bloomberg
REGULATION AND LEGISLATION SEP 10, 2007
CFP Board targets phony designations

As regulators and Congress scrutinize the proliferation of financial advisory designations aimed at bilking elderly investors, the organization that grants the certified financial planner credential is investigating whether its name is being improperly used by groups that promote bogus certifications.

By Bloomberg
FINTECH SEP 10, 2007
Advisers find value in new investor-focused websites

Several new online services aimed at individual investors are attracting the attention of advisers because of the potential they provide for marketing and collaboration.

By Bloomberg
RETIREMENT PLANNING SEP 10, 2007
James Brown’s estate is a real mess

Poor planning leaves his heirs with unnecessary legal fees and an onerous tax bill The way his terrible estate plan is unraveling, if the late James Brown, the “Godfather of Soul,” could see from wherever he is, he wouldn’t be screaming his most-famous three words: “I feel good.”

By Bloomberg
RETIREMENT PLANNING SEP 10, 2007
Succession planning that’s all in the family

Sixteen years ago, Jessica Abrams’ life revolved around her pony. To buy the horseshoes and other accessories she needed for shows, the then 14-year-old baby-sat several days a week and carefully saved.

By Bloomberg
REGULATION AND LEGISLATION SEP 06, 2007
Carried-interest tax hike slammed

Pension funds would be adversely affected if taxes on private-equity were raised, said witnesses.

By Bloomberg