Given the voracious appetite of broker-dealers, there simply aren’t enough big-producing brokers available for recruitment, according to a new industry report.
A generation gap between younger and older financial advisers is widening around the issue of career growth for those who are newer to the profession, observers say.
With the help of financial advisers, baby boomers are putting more money into donor-advised funds.
Securities and Exchange Commission officials are drafting a document that defines suitability as it relates to the sale of securities. “The document is an extensive and comprehensive view of securities and case law in this area,” including some useful examples, Erik Sirri, director of market regulation, said at the SEC’s second annual Seniors Summit.
Variable annuities, once the misunderstood child of the financial planning industry, are finding a new place in advisers’ hearts now that distributors are guiding them through the products’ complexities.
Merrill Lynch has adjusted the value of some investments suffering from the subprime-mortgage market.
The SEC is likely to adopt a temporary rule that will let fee-based brokers continue to make principal trades.
Craig A. Merdian has joined New York Life International as executive vice president and CFO.
RIA firms grew assets by 15% last year, and revenues by 18%, according to a study released today.
With a recently passed law, the Department of Defense has declared war on bogus financial advisers.
TD Ameritrade began sending apology letters to most of its clients after a hacker stole vital information.
Pacific Life Insurance has cut ties with United Planners’ Financial Services of America.
Individual annuity sales increased 6% in the second quarter to a record of $66.5 billion over the same period in 2006.
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.
Richard M. Reilly, Michael Gilotti and Mathew Greenwald were honored and six new board members were added.
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.
The SEC has approved a FINRA rule intended to improve B-D sales practices for purchases and exchanges of deferred VAs.
Life insurance brokerage agencies could save up to $377 million annually in agent licensing costs if Congress were to adopt legislation.
Seniors may want to sell their homes and move in with relatives as a way to reduce overhead expenses.
Many young advisers have taken it upon themselves to pave their own path into the financial advice industry.
