by FA Staff
Finra has barred a Redlands, Calif., broker for allegedly stealing $4.2 million from two trust funds, including one belonging to a victim of Alzheimer’s disease.
by
Jeff Schlegel
Conference panelists discuss the practical issues involved with implementing alternative investments into client portfolios.
by
Karen DeMasters
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.
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.
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.
by
Karen DeMasters
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...
by
Karen DeMasters
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.
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...
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...
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.
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.
by Justin Kuepper
LEAPS can be used to gain long-term exposure to ETFs without actually spending money to buy the funds.
by
Karen DeMasters
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.
by
Karen DeMasters
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.
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.
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...
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.
by
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.
by
Karen DeMasters
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.
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.
