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.
by
Jeff Schlegel
The South American nation is increasingly seen as a desirable investment opportunity.
by
Karen DeMasters
Seven financial services industry and consumer organizations are protesting a bill pending in Congress that the organizations say would harm consumers by hindering the DOL and SEC from making changes...
by FA Staff
LPL Financial today announced the firm has reached $50 billion in total RIA assets under custody, doubling its total as of the end of May 2012.
by FA Staff
Highly successful financial advisors say they are better at understanding clients’ needs and spend more time on client management, communication and service than other advisors, says a new report.
by FA Staff
Over 50 percent of financial advisors are not successful at selling and advising their clients on life insurance, says a survey by Saybrus Partners.
by
Karen DeMasters
Members of the Congressional Black, Hispanic and Pacific Asian caucuses have asked the Department of Labor to not harm their constituents in revising the definition of a fiduciary.
by FA Staff
A former associate of a financial advisor who committed suicide while under investigation has been sentenced to more than four years in prison for running his own Ponzi scheme, the U.S...
by FA Staff
Most Americans with $1 million or more in assets made their money on their own, according to a study by BMO Private Bank released today.
