Advisor News

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Answering retirement’s big question
OPINION SEP 24, 2007
Answering retirement’s big question

I am one of the umpteen million baby boomers slogging my way toward retirement. My generation — oh, you know the drill: “We changed everything,” “We’ve rewritten the rules,” yadda, yadda, barf.

By Evan Cooper
OPINION SEP 24, 2007
With QDIAs, an overall evaluation is key

By Bloomberg
RETIREMENT PLANNING SEP 24, 2007
Planners hail Bernanke for rate cut

Financial planners applauded last week’s dramatic one-half-percentage-point cut in the federal funds rate by the Federal Reserve Board, saying the move provides an opportunity to calm nervous investors and help clear up their debt problems.

By Bloomberg
RETIREMENT PLANNING SEP 24, 2007
TD secrecy on tech breach irks advisers

Financial advisers are questioning the decision of TD Ameritrade Holding Corp. to keep them in the dark after hackers gained access to their clients’ Social Security numbers, account numbers, phone numbers and e-mail addresses.

By Bloomberg
FINTECH SEP 20, 2007
DTCC unveils redesign

It aims to streamline the process of obtaining fund prospectus information while expanding its Mutual Fund Profile Service.

By Bloomberg
FINTECH SEP 17, 2007
Some experts question industrywide popularity of Monte Carlo simulations

When it comes to using Monte Carlo simulations, Shawn Brayman says he’s heard it all.

By Bloomberg
INDEPENDENT BROKER DEALERS SEP 17, 2007
Heavy-hitting brokers found to be scarce

Given the voracious appetite of broker-dealers, there simply aren’t enough big-producing brokers available for recruitment, according to a new industry report.

By Bloomberg
REGULATION AND LEGISLATION SEP 17, 2007
SEC drafting sales suitability rules

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.

By Bloomberg
WIREHOUSES SEP 14, 2007
Merrill adjusts strategy in bumpy Q3

Merrill Lynch has adjusted the value of some investments suffering from the subprime-mortgage market.

By Bloomberg
LIFE INSURANCE AND ANNUITIES SEP 14, 2007
Defense Dept. on to crooked advisers

With a recently passed law, the Department of Defense has declared war on bogus financial advisers.

By Bloomberg
WIREHOUSES SEP 14, 2007
TD says sorry after hacker hits clients

TD Ameritrade began sending apology letters to most of its clients after a hacker stole vital information.

By Bloomberg
FINTECH SEP 13, 2007
National Financial enhances UMA system

The subsidiary of Fidelity announced that two sets of features have been added to its Managed Account Solutions.

By Bloomberg
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