A portfolio modeling and rebalancing tool is being built into an upcoming Fidelity WealthCentral Platform.
The government should remove obstacles that keep employers from offering 401(k) plans, said Paul Schott Stevens.
The House of Representatives is trying to cripple the experiment with health savings accounts by burdening it with extra layers of bureaucracy.
A hypothetical adviser I'll call Jim French was excited to implement new financial planning software his firm had introduced.
The largest IDB will allow RIAs to hold fee-based assets with outside custodians; it's also rolling out its own custody platform for RIAs later this year.
Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.
Most everyone in the financial industry wants to move from paper to electronic documents, but firms that have rolled out systems to do so — and the broker-dealers providing technical assistance — agree that it will take one to three years to recoup the investment of capital in hardware, in software, and in the time needed to train staff and integrate the new systems into firms' work flow.
Backing up computer files is a vital but tedious way to protect a financial practice.
Independent-contractor broker-dealers are gnashing their teeth over the possible consequences of an updated professional code of ethics for certified financial planners, coming this summer.
The volatile stock market has created a period of frenzy for financial advisers in the 401(k) area, who have seen a substantial increase in the number of new prospects.
Brokerage firms can use the tool to determine the extent to which manual tasks can be automated.
John Carl of AllianceBernstein won $10 million in damages against the firm and $2 million in punitive damages.
Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.
Nearly half of large employers plan to add or replace funds in their 401(k) plans in the next 12 months, according to a newly released study.
If there is a silver lining to the bursting of the real estate bubble, the weak economy and the attendant bear market, it may be that the great mass of baby boomers still 10 or more years from retirement might be scared into saving more for retirement while they still have time.
Financial advisers favor the 401(k) fee breakdowns that would be required in the Fair Disclosure for Retirement Security Act, which was approved April 16 by a 25-19 party-line vote of the House Education and Labor Committee, even though that stance is at odds with the position taken by the mutual fund and brokerage industries.
Do your clients have health savings accounts?
