Improving Asset Allocation With Alternatives


Conference panelists discuss the practical issues involved with implementing alternative investments into client portfolios.

Auto Insurance Cos. Discriminate Based On Jobs, Education, CFA Says


Five of the largest automobile insurance companies discriminate in their rate setting against people with lower education levels and lower status jobs, says the Consumer Federation of America.

Wealth Means No Limits, Survey Says

by FA Staff

Wealth is defined as having enough money to live one's life with no financial constraints, rather than reaching a specific asset level, according to a new UBS Wealth Management Americas report.

Former Financial Advisor Indicted For $1.8 Million Fraud

by FA Staff

A former Wells Fargo and Morgan Stanley financial advisor has been indicted for defrauding an elderly client of $1.8 million, according to the U.S. Attorney for the Northern District of California.

Radio Host Gets 20 Years For Ponzi Scheme


The former host of the radio show “Follow the Money” was sentenced Monday in U.S. District Court in Minneapolis to 20 years in prison for his part in a $194 million Ponzi scheme, the U.S...

SEC Custody Rules Require Education, Expert Says


Financial advisors should step up their education on how to comply with SEC custody rules in the wake of audits that revealed widespread violations, says Equity Trust Co. based in Elyria, Ohio.

Former Advisor Gets Jail For Role In $3.6M Scripps Fraud

by FA Staff

A former Merrill Lynch financial broker was sentenced to more than a year in prison for his part in the $3.6 million scheme to defraud the Scripps media family, the U.S...

Clients WIth An Advisor More Focused On Retirement Savings, Survey Says

by FA Staff

Saving for retirement is a major objective for 77 percent of defined contribution plan participants who work with a financial advisor—20 points higher than the percentage of those who do not have...

Northwestern Mutual On Track To Exceed Aggressive Recruiting Goal

by Karen DeMasters

Northwestern Mutual has hired 4,100 financial professionals so far this year and is on track to exceed the company’s largest annual recruiting goal in the history of the 156-year-old firm.

Bob Doll Manages New Nuveen Funds

by FA Staff

Bob Doll, Nuveen Asset Management’s chief equity strategist and senior portfolio manager, will manage a new suite of large-cap equity mutual funds.

Using LEAPS As An Alternative to Buying ETFs

by Justin Kuepper

LEAPS can be used to gain long-term exposure to ETFs without actually spending money to buy the funds.

Arizona Financial Planner Sent To Prison For Fraud


A Phoenix, Ariz., financial planner has been sentenced to 44 months in prison for defrauding elderly Sun City residents out of their retirement savings, according to the U.S. Attorney for Arizona.

A Mistake On Medicare Choices Can Cost Retirees Plenty, Expert Says


The potential costs of health care for seniors, even with Medicare coverage, is a possible “nightmare” that could bankrupt them if they suffer from a serious illness or accident, says this expert.

Target-Date Funds Make Up Larger Share Of Retirement Accounts

by FA Staff

Participants in defined contribution retirement plans are satisfied with target-date funds as a default for the plans, says a study by AllianceBernstein.

Age Divides Baby Boomers' Outlook, Study Says

by FA Staff

Early and late baby boomers should be treated as separate generations because their attitudes towards finances and retirement differ so much, says the Insured Retirement Institute in a new study...

United Capital Expands In Southeast

by FA Staff

United Capital Financial Advisors LLC continued its expansion into the Southeast by acquiring Atlanta-based PPA Advisors Inc., United Capital announced Monday.

Target-Date Funds Grow While Fees Decline


Target-date funds aren't growing as fast as they once were, but their growth is still competitive with that of many other mutual funds, according to Morningstar.

Advisors Need To Look Five Years Down The Road, Schwab Says


Independent RIAs say women and Gen X and Gen Y will be the driving forces behind firms’ profitability five years from now, according to a new Schwab study.

Savings Decrease As Health Costs increase, Study Shows

by FA Staff

In many cases, savings for retirement decreases as employees spend more to cover health care costs, according to a recent study of workplace savings.

iShares Rolls Out Colombia ETF


The South American nation is increasingly seen as a desirable investment opportunity.