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March Week 1: Communicating with clients
How do you become a better communicator? Learn how in the first of a four-week step-by-step program.
H&R Block loses $4 million arbitration case
Top management at H&R Block Inc., parent of H&R Block Financial Advisors Inc., allegedly turned up the heat and threatened a senior executive in the middle of an acrimonious dispute over compensation, according to an arbitration complaint that led to a $4 million award to the executive last month.
Recruiting, keeping advisers is top priority
As demand for advisers increases, firms need to project recruitment strategies out to 2012, said Rebecca Pomering of Moss Adams.
Schweiss survives Fiserv sale to TD
Skip Schweiss will stay with the legacy Fiserv Investor Support Services business after all.
Reps question controversial ‘minitenders’
Investors are still receiving “minitender” offers that try to get them to sell shares at below-market prices.
New tools keep up with compliance
Technology to help automate and improve the compliance function may not ring a financial adviser's cash register, but it certainly can reduce the time-consuming and potentially costly problems that compliance failures create.
Tread carefully when self-reporting
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
SEC still unhappy with exec-comp reporting
A majority of the 350 companies initially contacted by the SEC have now received second letters.
Dalbar creates compliance unit
Dalbar Inc., a financial services market research firm, has tapped an ex-insurance executive to start a division catering to the needs of compliance departments.
Bank-compliance costs soar, says study
Compliance spending grew an average of 159% from 2002 to 2006, according to a report.
Questar Capital executive bought ‘bogus’ investments
A top brokerage executive affiliated with a unit of Allianz Life Insurance Company of North America bought shares of unregistered investments created by Edward May, who was charged last month by the Securities and Exchange Commission with committing a massive $250 million fraud that victimized as many as 1,200 investors.
Lessons from Rupert Murdoch
When wooing Bancroft family heirs to sell him their controlling interest in New York-based Dow Jones & Co. Inc., K. Rupert Murdoch learned that money isn't everything.
Ameriprise unit loses top rep to First Allied
As Securities America Inc. deals with the sting of losing one of its biggest advisers, the independent broker-dealer continues to tighten its compliance practices and procedures.
SEC scrutinizes firms’ use of ‘off the shelf’ compliance
Advisers who purchase “off the shelf” compliance programs to meet more-rigorous regulatory requirements must be careful to tailor…
Are you ready for cost basis reporting?
A "nightmare" is how Shami Kaur, an adviser and certified financial planner with SK Financial Alliance in Cedar Knolls, N.J., describes dealing with cost basis issues and their tax ramifications.
Helping clients plan for succession
In the rush of day-to-day activity, financial advisers who are fortunate enough to have business owners as clients sometimes forget where their client's financial hearts are. Hint: not with their investments.
In California, advisers worry about clients
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
Do your clients know your plans?
Nearly six years ago, I told the readers of my company’s newsletter how the firm would function if…
Cambridge’s founder passes baton
Chief executive Eric Schwartz is handing the title of president to chief operations officer Amy Webber.
The $50 million men
Last March, Scott Hanson picked up his telephone, listened to an offer and promptly declined it.
