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.
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.
It aims to streamline the process of obtaining fund prospectus information while expanding its Mutual Fund Profile Service.
When it comes to using Monte Carlo simulations, Shawn Brayman says he’s heard it all.
Given the voracious appetite of broker-dealers, there simply aren’t enough big-producing brokers available for recruitment, according to a new industry report.
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.
Merrill Lynch has adjusted the value of some investments suffering from the subprime-mortgage market.
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.
The subsidiary of Fidelity announced that two sets of features have been added to its Managed Account Solutions.
Automatic escalation will increase 401(k) accumulations by up to 28% in the lowest income group, says a study.
Laserfiche, of Long Beach, Calif. officially rolled out its new Intuition Pro document management system.
SmartDraw.com launched SmartDraw 2008, the company’s latest version of business graphics software.
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.
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.
Schwab Institutional will provide free portfolio re-balancing software to financial advisers who use its custody services.
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.
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.
In a marketing and business coup, Pershing LLC has hired Mark Tibergien, a leading consultant in the financial advice industry.
Financial crises may come and go. Today’s highflying stock may be tomorrow’s dog. But through it all, the quest for practical, if not perfect, financial planning software has been a constant that left irritated advisers reaching for the Prozac.
