Advisor News

Displaying 26684 results
RETIREMENT PLANNING APR 07, 2009
Providing independent advice could fortify 401(k) system, congressman says

Rep. Robert Andrews said that despite more than $2 trillion in losses over the last year, the 401(k) system is not broken — it just needs some minor, and rather immediate, adjustments to empower individual investors,

By Bloomberg
OPINION APR 06, 2009
Memo to SEC, DOL: Regulate target date funds — now

By Bloomberg
RETIREMENT PLANNING APR 06, 2009
Merrill settles 401(k) class action for $75M

Participants in the 401(k) plan at Merrill Lynch & Co. Inc. have reached a $75 million preliminary settlement with the brokerage firm to cover losses sustained in their retirement plans over the last several years.

By Mark Bruno
OPINION APR 05, 2009
Crisis challenges long-held investing truths

Two important lessons of the current bear market are that stocks don't always outperform bonds over significant time periods and that investors can't assume a 10% annual return over the long run.

By MFXFeeder
INDEPENDENT BROKER DEALERS APR 05, 2009
Patience wears thin for AIG reps, advisers

After months of waiting for talks on the sale of the three broker-dealers that make up the AIG Advisor Group to be resolved, many of the more than 6,000 representatives and financial advisers in the network are growing anxious about their future.

By Bruce Kelly
OPINION APR 05, 2009
Some good news for Madoff victims

The release of Internal Revenue Service Ruling 2009-9 and Revenue Procedure 2009-20 be-fore the April 15 filing deadline has granted timely guidance to victims of Bernard Madoff.

By Robert N. Gordon
REGULATION AND LEGISLATION APR 05, 2009
Finra arbitration awards may mean gains for investors

Finra securities arbitration panels have handed investors two huge wins in recent months, but lawyers and industry observers are divided about whether such noticeable awards signal favorably for investors.

By Bruce Kelly
FINTECH APR 05, 2009
Technology shortcomings dishearten advisers

Advisers are frustrated with current software options because they are difficult to integrate, hard to use and more complex than they need to be.

By Davis Janowski
LIFE INSURANCE AND ANNUITIES APR 03, 2009
House again floats federal insurance regulator

In the latest iteration of a plan that’s been steadily gaining support from both Democrats and Republicans on the Hill, legislation was introduced yesterday that would create a federal insurance regulator.

By Bloomberg
FINTECH APR 03, 2009
eMoney Advisor unveils latest version

The latest versions of eMoney 360 and eMoney 360Pro have been released by eMoney Advisor.

By Davis Janowski
REGULATION AND LEGISLATION APR 02, 2009
Stimulus package seen as windfall for fraudsters

The U.S. government’s $787 billion stimulus package offers ripe opportunities for fraud, according to criminal experts.

By Bruce Kelly
WIREHOUSES APR 02, 2009
Bill may drive reps from wirehouses, expert says

Legislation approved Wednesday by the House of Representatives that would limit bonuses at government-aided firms may lead more wirehouse brokers to become independent investment advisers, said an attorney who specializes in helping breakaway brokers start their own advisory firms.

By Sara Hansard
FINTECH APR 01, 2009
Website lets investors design their own retirements

The National Endowment for Financial Education is launching a new website specifically aimed at helping individual investors design their own customized retirement income plans.

By Mark Bruno
RETIREMENT PLANNING APR 01, 2009
Delaplane: Auto IRAs high on Obama's to-do list

President Obama has his eye on automatic enrollment in individual retirement accounts and an expansion of the Saver’s Credit Act as a way to encourage Americans to prepare for retirement, according to a retirement policy expert.

By Darla Mercado
RETIREMENT PLANNING MAR 31, 2009
Employers flock to gov't funds to safeguard DC plans

More employer-sponsored retirement plans may start to offer Treasury and government money market mutual funds to minimize the risk of losses, according to a survey of plan consultants released today by Pacific Investment Management Co. LLC.

By Sue Asci
REGULATION AND LEGISLATION MAR 30, 2009
Merrill socked with $39.8M arbitration ruling

In one of the single largest securities arbitration awards ever, Merrill Lynch & Co. Inc. has been ordered pay $39.8 million to a group affiliated with the Freemasons.

By Bruce Kelly
OPINION MAR 29, 2009
Outrage, yes; tax law, no

The Obama administration and Congress should immediately halt any effort to assess a punitive tax on bonuses paid this year by companies that received bailout funds from the Troubled Asset Relief Program.

By MFXFeeder
RETIREMENT PLANNING MAR 29, 2009
Auto-IRA plan isn't good in the long run, opponents say

Opposition to the Obama administration's proposal to create automatic retirement plans in the workplace appears to be mounting — led in large part by both employers and financial advisers.

By Mark Bruno
FINTECH MAR 27, 2009
TD Ameritrade upgrades in bid to boost recruiting

TD Ameritrade Institutional has entered into a strategic partnership with Interactive Advisory Software and Orion Advisor Services, an agreement designed to increase the number of advisers who have assets under custody with the firm.

By Bloomberg
REGULATION AND LEGISLATION MAR 26, 2009
Consumer watchdog agency proposed in House

Two congressmen think that a new consumer watchdog agency is needed in the wake of the financial crisis.

By Bloomberg