Financial Planning

NEWS

• Wealth Management Firms See Social Media Influence Growing

  February 3, 2012

  Wealth management firms are still gradually introducing their financial advisor forces to social media, but three years from now they fully expect the new medium to have fully taken hold in the industry.

• Wealth Watch: Facing Up to Facebook

  February 3, 2012

  It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.

• BofA Merrill Lynch Sees Increased 401(k) Savings in Q4 and 2011

  February 3, 2012

  Bank of America Merrill Lynch said that it saw increased 401(k) savings through its plan sponsors both in the fourth quarter and 2011 year, signaling a positive outlook for the tweaks it has made to its offerings and confidence in the overall economy.

• Arbitration Panel Orders Merrill Lynch to Pay $1.4M To Investor

  February 3, 2012

  An arbitration panel has ordered Merrill Lynch to pay an investor $1.4 million in a case that called into question the value of the collateralized loan obligation investments the firm sold.

• JHS Capital Snags Two Advisors From Morgan Stanley, Oppenheimer

  February 2, 2012

  Asset management firm JHS Capital Advisors has hired two financial advisors to serve Florida clients from Tampa, Fla. headquarters.

• iiDeals: Top Ten Transactions in Information Industry 2011

  February 2, 2012

  The largest information industry transaction by private equity players was the purchase of GoDaddy. Com for $2.25 billion, according to investment bankers Berkery Noyes. Here's what was hot.

• FSI Preps IRA Data for Labor Department on Fiduciary Issue

  February 2, 2012

  Organization wants to dispel 'conventional wisdom that it's a solution in search of a problem.'


• To Reach Clients Through Social Media, Talk About Yourself

  February 2, 2012

  Sharing select personal details can help advisors win over prospects, one planner says at TD Ameritrade conference.

• Deutsche Bank Private Clients and Asset Management Posts EUR2.5B in Income Before Income Taxes

  February 2, 2012

  Deutsche Bank’s Private Clients and Asset Management division posted EUR2.5 billion of income before income taxes on Thursday in what the firm called a “record full year.”

• Polaris Ventures Backs Startup Retirement Income Provider Aimed at RIAs

  February 2, 2012

  Polaris Venture Partners will make a $4 million investment in Aria Retirement Solutions to help it expand its technology platform for independent advisors.

• U.S. Bank Acquires Union Bank’s Retirement Plan and RIA Institutional Trust Biz

  February 2, 2012

  U.S. Bank acquired the units of Union Bank’s institutional trust business that focus on retirement plans, labor management trusts, and registered investment advisors,

• FINRA Says Schwab Undermined Customers' Rights

  February 2, 2012

  Wall Street's own watchdog filed a complaint against Charles Schwab Corp., accusing the online brokerage giant of requiring customers to waive their rights to pursue certain legal action against the firm, a violation of industry rules.

• Labor Department Changes Tack on 401(k) Fee Disclosure

  February 2, 2012

  The U.S. Labor Department has removed a controversial part of its proposed 401(k) fee disclosure rule that would have required retirement plan providers to create a summary document, or "roadmap," of all their fees for employers.