Advisor News

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RETIREMENT PLANNING MAY 12, 2008
ICI meeting covers use of alternatives in funds

The use of alternative hedge-fund-like strategies within mutual funds was a hot topic of discussion last week at the Investment Company Institute's 50th annual general membership meeting in Washington.

By Bloomberg
FINTECH MAY 12, 2008
Boulevard R offers actionable financial plans

BoulevardR.com, an interactive website that has been used primarily as a tool for retirement planning, is launching a three-step process that provides an actionable financial plan prepared by a financial planner for $49.

By Bloomberg
FINTECH MAY 09, 2008
Fidelity platform on schedule; Eagle upgrades

A portfolio modeling and rebalancing tool is being built into an upcoming Fidelity WealthCentral Platform.

By Bloomberg
RETIREMENT PLANNING MAY 08, 2008
Retirement security top priority for investors

The government should remove obstacles that keep employers from offering 401(k) plans, said Paul Schott Stevens.

By Bloomberg
OPINION MAY 05, 2008
Let the HSA experiment run its course

The House of Representatives is trying to cripple the experiment with health savings accounts by burdening it with extra layers of bureaucracy.

By MFXFeeder
FINTECH MAY 05, 2008
Implement software carefully

A hypothetical adviser I'll call Jim French was excited to implement new financial planning software his firm had introduced.

By Bloomberg
LPL offers new custody service
FINTECH MAY 05, 2008
LPL offers new custody service

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.

By Brooke Southall
WIREHOUSES MAY 05, 2008
Citi and UBS wealth units tough it out

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.

By Bloomberg
FINTECH MAY 05, 2008
Firms rush to go 'paperless,' saving money, time, trees

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.

By Bloomberg
FINTECH MAY 05, 2008
Backing up is dull to do for advisers

Backing up computer files is a vital but tedious way to protect a financial practice.

By Bloomberg
INDEPENDENT BROKER DEALERS MAY 05, 2008
Indie brokers wary about CFP Board's ethics code

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.

By Bloomberg
RETIREMENT PLANNING MAY 05, 2008
Financial advisers act to snag 401(k)s

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.

By Bloomberg
OPINION MAY 02, 2008
Holding a client’s hand in a bear market

By Bloomberg
FINTECH MAY 02, 2008
E*Assist compliance automation calculator

Brokerage firms can use the tool to determine the extent to which manual tasks can be automated.

By Bloomberg
REGULATION AND LEGISLATION MAY 01, 2008
Fund exec wins $12 million in arbitration

John Carl of AllianceBernstein won $10 million in damages against the firm and $2 million in punitive damages.

By Bloomberg
RETIREMENT PLANNING APR 30, 2008
Economy slowing down 401(k) contributions

Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.

By Bloomberg
INDEPENDENT BROKER DEALERS APR 28, 2008
Independent Broker-Dealers: Top indie B-Ds report 26.6% revenue jump in 2007

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.

By Bloomberg
INDEPENDENT BROKER DEALERS APR 28, 2008
Independent Broker-Dealers: Personal touch by small B-Ds keeps them competitive

Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.

By Bloomberg
RETIREMENT PLANNING APR 28, 2008
Large employers to shuffle 401(k) lineup

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.

By Bloomberg
OPINION APR 28, 2008
Scared boomers may save for retirement

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.

By MFXFeeder