The Securities and Exchange Commission approved
a rule Wednesday requiring some investment advisors who manage customer
funds to undergo annual surprise audits.
High-income folks will likely take the brunt of pain as the Bush-era tax cuts expire at the end of 2010.
A provision in landmark financial industry legislation recently passed
by the U.S. House could lead to ongoing confusion
about whether advisors are acting as fiduciaries.
by
Jeff Schlegel
A class-action lawsuit in South Carolina
alleges that Charles Schwab & Co. is liable for its role in a Ponzi
scheme because it was the broker-dealer for the victims of the scheme.
by
Jeff Schlegel
A survey finds that more people turn to family and friends for financial advice than to financial advisors.
Northern Trust Corporation is offering its institutional and
high-net-worth investment-management clients "environmental emission
analytics" to measure the "carbon footprint" of...
A court ruled that a driver who totaled his car while DUI can write off
thousands of dollars of damage, an example of how taxpayers can challenge the IRS.
Morgan Stanley Smith Barney is launching a pricing plan for fee-based
accounts in April that will charge clients based on the level of
service provided rather than the product.
by
Karen DeMasters
Automation and standardization will be the keys to success for advisors
and broker-dealers who handle annuities for retirees in the near
future, say some experts.
by
Jeff Schlegel
Focus Financial Partners said on Monday that LLBH Private Wealth
Management formally became a partner firm in the holding company's
network of wealth managers.
Legislation to empower a self-regulatory organization--such as Finra--to regulate
investment advisors was defeated Friday, prompting relief from those opposing the measure.
UBS AG's Wealth Management Americas head Robert McCann is offering some
financial advisors an incentive to stay with the Swiss bank's U.S.
brokerage.
The Securities and Exchange Commission has sued Rockford Funding Group
LLC, alleging the New York investment firm orchestrated an $11 million
Ponzi scheme.
A growing legion of unemployed older workers say the recession is
leading them on a path toward early retirement-whether they like it
or not.
Advisors are shifting to more conservative investing
approaches and making greater use of alternative investments, a move
that requires an education in new types of risk.
During these tough times, charities are having to think creatively to maintain the flow of donations.
Proposals to make dark pool trading more transparent could
increase mutual fund costs.
by
Dorothy Hinchcliff
An Oklahoma City advisory firm today launched three faith-based ETFs based on indexes created by FTSE Group and KLD Indexes.
by
Dorothy Hinchcliff
The number of mergers involving RIA firms remains
lackluster this year, but transactions among independent firms are
poised for a resurgence, says a new study.
by
Dorothy Hinchcliff
T. Rowe Price joined the growing ranks of mutual fund companies seeking
to enter the nascent market for actively managed ETFs
when it applied to the SEC for approval
to start a family of them.
