Credit Suisse Group has agreed to pay $536 million to settle a Justice Department probe and admit to violating U.S. economic sanctions by hiding the booming illegal business it was doing for Iranian banks.
When Charles Miller decided to leave the financial advisory profession to head an international non-profit heart foundation, he spent six weeks convincing his clients to stay with his former advisory firm.
Fidelity's recent decision to fire four employees for playing fantasy football on the job highlights an issue — Internet usage at work — that advisers are paying closer attention to these days.
Paul Baumbach had pet mallard ducks as a kid, so when it came time to name his own financial services firm, he dubbed it Mallard Advisors LLC.
A partner in big accounting firm PricewaterhouseCoopers has been named to head a key division of the Securities and Exchange Commission blamed for contributing to the breakdown that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years.
Investment advisory firms that act as trustees and have some form of asset custody are weighing whether to continue offering the services in light of new SEC rules that include mandated surprise audits and go into effect March 12.
The benefits that financial advisers provide to a client going through a divorce start when that client first informs you of the wedding plans.
Like many financial advisers, Rick Kahler struggled for years over whether to hire a peer to review his personal financial plan.
When Robert Dowling was unable for weeks to get in touch with a client by phone — or leave a message — he bought that customer an answering machine and sent it to him with a pre-recorded message.
Instead of handing out charts and graphs to clients to explain their financial plans, adviser Gary Klaben provides “mind maps.”
Just 11 days after Bernard Madoff was arrested last year, federal regulators say an enterprising Queens gentleman started a Ponzi scheme of his own.
As a follow-up to last week's smart-phone story, we decided to look at advisers' favorite mobile applications.
Now is the time to identify client events and seminars for the year. Many advisers have told me they have fewer administrative staff members and lower budgets than in the past and are looking for new ideas for client events and seminars.
Over the weekend, my daughter asked me what our family was going to do to help Haiti.
We are a few weeks into 2010 and you may be wondering what you can do to rejuvenate your practice and spice things up
With the new year comes a surge of resolutions, many of which won't be kept. I recently read that 88% of all resolutions are broken. Why? No matter how well-intentioned, they fail because there is no continuing plan with specific action steps to follow.
The state of Illinois has reached a settlement in its lawsuit over losses in the Bright Start college savings program under which parents will get back $77.23 million — slightly more than half of what they lost in investments handled by Oppenheimer Funds Inc.
