Nearly 60% of retirees started collecting Social Security before they reached full retirement age, reducing benefits by as much as 30%, according to a survey.
Quartet of advisors with $175M in AUM joins Raymond James' independent operation.
Revenue from wealth and investment services dropped for the fifth consecutive quarter, swooning 10.7% to $7.9 million from $8.8 million a year ago.
Bank of America and its Merrill Lynch unit were sued by two former financial-advisor trainees who claim they werent paid overtime for long days and weekend work.
The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation.
Couples with nontraditional family relationships need planning that is anything but straightforward, says planner Pamela Sandy.
There's a lot advisors can do -- and a lot they aren't doing -- to better serve vulnerable elders, according to a new report released jointly by SEC and FINRA.
Michael J. Oppenheim allegedly used his position as a private client advisor to persuade at least two customers to withdraw millions out of their accounts on the promise the money would be invested in muni bonds.
The firm picked up three recruits from the wirehouse and New York brokerage.
Fidelity and Vanguard have almost the same investment portfolios in their target-date funds, but lower expenses give Vanguard's investors a higher return.; Plus, clients should try a retirement dress rehearsal before the big day.
Minimize investment tax liability; Reduce taxable income over the coming year; Plus why your client should dip into taxable accounts to max out their IRAs.
The regional broker-dealer reported profits of $135 million for the past year, up 15% year-over-year.
Federal authorities for the first time have directly included rollovers and IRAs in their latest fiduciary standard proposal, and that could have a huge impact on firms in a fast-growing and profitable segment of the retirement savings industry.
First-quarter results from U.S. Bancorp and PNC Financial Services Group show banks have little choice but to wait until the Fed raises interest rates. They have cut expenses almost as far as they can go, and fee income is limited in how much it can offset narrower spread income.
Sources say the review of the firm's Australian wealth management business may lead to a sale.
The rollup's focus on "financial life management" and strong technology offering played roles in the deal, says United Capital Senior VP Matt Brinker.
Does the SEC's proposed budget reveal where the agency will be looking in the coming two years?
The giant IBD's lingering compliance issues should be "all done in 2015," says chairman and CEO Mark Casady.
The bank's brokerage services generated $67 million in first-quarter revenue, up 21.8% year-over-year and up 4.6% from the prior quarter.
While some retirees work even after they are financially secure, a full 46% would have retired four years early if they could have afforded it; Plus, cookie cutter solutions won't do.