Advisor News

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REGULATION AND LEGISLATION DEC 09, 2014
Five former Madoff colleagues face prison sentencing

Bernard Madoff's inner circle, who benefited from the perks of his $17.5 billion Ponzi scheme, now face jail time.

By Bloomberg
EQUITIES DEC 09, 2014
Troubled SAC Capital hedge fund becomes a family office

Breakfast with Benjamin is back. Today: SAC Capital is now a family office; gold and silver start to shine; navigating bonds with ETFs; another debt-ceiling fight; cheaper gas in 2014; and the biggest product flops of 2013.

By Jeff Benjamin
INDEPENDENT BROKER DEALERS DEC 08, 2014
From the C Suite with Raymond James' CEO Paul Reilly: Listen and learn. But in a crunch, be decisive

Exec honed his listening and peacemaking skills growing up as the third of eight children and those talents have come in handy.

By Liz Skinner
RIA NEWS DEC 08, 2014
Fidelity fined $350,000 in billing snafu

Finra said the firm overbilled more than 20,000 fee-based accounts in its RIA unit by $2.4 million over seven years and ordered it to pay a $350,000 fine.

By Mason Braswell
RIA NEWS DEC 08, 2014
Wall Street makes a case for why consumers should be spending big

On Monday's <i>Breakfast with Benjamin</i>, Wall Street makes its case for why consumers should be spending big. Plus: Avoiding 'bag lady syndrome', the insurance industry gets digital, and oil starts to look and feel like a free market.

By Jeff Benjamin
Clash of the titans: Bionic advisers vs. robo-advisers
RIA NEWS DEC 08, 2014
Clash of the titans: Bionic advisers vs. robo-advisers

Robos will force a change in the financial landscape, especially in pricing and democratization of knowledge, but they won't necessarily be the winners of the new era.

By Joe Duran
RIA NEWS DEC 08, 2014
Fidelity Institutional weighs own robo offering

Months after teaming with Betterment, Fidelity has added LearnVest to its platform, and may even one day launch its own automated advice platform.

By Liz Skinner
PRACTICE MANAGEMENT DEC 08, 2014
DOL still planning fiduciary proposal for January

Department's plan is to 'reduce harmful conflicts of interest' by amending regulatory definition of fiduciary.

By Hazel Bradford
RETIREMENT PLANNING DEC 08, 2014
Retirement plan sponsors want more from advisers

A desire for greater expertise was cited as the primary reason for switching advice providers, says Fidelity survey

By Bianca Flowers
ETFS DEC 08, 2014
Wells Fargo expanding bond fund and ETF use in SMAs

Firm's managed accounts can make greater use of products like bond mutual funds and ETFs over individual bonds in model portfolios.

By Trevor Hunnicutt
RETIREMENT PLANNING DEC 07, 2014
Financial advisers need to check up on clients' medical debt

About 52% of the collections reported by credit agencies are owed to hospitals and other medical providers. Advisers must stand ready to help negotiate claims and make sure medical debt doesn't wreck client credit reports.

By Liz Skinner
How one single woman can collect three types of Social Security benefits
RETIREMENT PLANNING DEC 07, 2014
How one single woman can collect three types of Social Security benefits

How one single woman can potentially collect three types of Social Security benefits and rack up significant guaranteed retirement income.

By Mary Beth Franklin
OPINION DEC 07, 2014
How to help clients navigate the choppy HSA waters

Figuring out how to utilize the full potential of these health care plan features should be part of comprehensive retirement income planning.

By Peter Stahl
RETIREMENT PLANNING DEC 05, 2014
Madoff aide sentenced to 10 years

Daniel Bonventre, who ran Mr. Madoff's broker-dealer for almost 40 years, received half the minimum time prosecutors sought in the case.

By Bloomberg
PRACTICE MANAGEMENT DEC 05, 2014
After hearing from member firms, Finra considers revising communications, gift rules

Broker-dealer regulator promises to modify rules after survey identifies 'pain points'.

By Mark Schoeff Jr.
RETIREMENT PLANNING DEC 05, 2014
Are you ready to answer these 6 retirement questions?

Here are a few retirement questions financial advisers should prepare for clients to ask.

By Bloomberg
REGULATION AND LEGISLATION DEC 05, 2014
SIFMA invokes fear of cyberterrorists in plea to fold CARDS

Major Wall Street interest group cites cost, regulatory creep and impact on civil liberties in attack on Finra's data-gathering proposal.

By Mark Schoeff Jr.
FINTECH DEC 05, 2014
CRM startup Wealthbox earns financial backing from serial entrepreneur Steve Lockshin

Convergent Wealth Advisors chief also deploying the software for his new advisory firm.

By Bianca Flowers
RETIREMENT PLANNING DEC 04, 2014
How to avoid a tidal wave of taxes from IRAs

Pre-retirement planning strategies help reduce tax impact from required minimum distributions.

By Darla Mercado
RETIREMENT PLANNING DEC 04, 2014
Celebrity stories to spark real talk about money this holiday

From Casey Kasem to Sir Mick to Robin Williams, their estate planning successes and failures offer lessons for everyone

By by Danielle and Andy Mayoras, Guest Contributors