Practice

RIAs who use the combined service will be able to pull up daily client balance, holding and transactional data through ByAllAccounts, plus the reporting capabilities of Portfolio Pathway

More than five million high-net-worth investors are using social media sites to inform their financial decisions and nearly three in four use LinkedIn for investment research.

The La Vista, Neb., based independent broker-dealer announced Thursday that Bruce Lear will be a senior vice president for Black Oak Investment Counsel in Kearney, Neb.

On May 3, two mutual fund groups vocied their concerns over the SEC’s money market fund proposals.

Fidelity Investments yesterday reported its average 401(k) balance rose to $74,600 at the end of the first quarter

The 11th U.S. Circuit Court of Appeals in Montgomery, Ala., said a federal district judge in Atlanta erred in finding that the alleged misrepresentations made by Morgan Keegan brokers about the debt were not material. It sent the case back to the district court for more proceedings.

Proving that the competition is still strong for financial advisors from rival wirehouses, Morgan Stanley Smith Barney has snapped up two wealth advisory teams and one more for its Graystone Consulting institutional business.

Financial advisors sometimes puzzle over how to effectively reach and serve black and Hispanic clients. A Vanguard study released recently suggests they can start by drilling home a simple message: emergency savings accounts are a must.

About 85% of asset management firms and insurers have seen increased brand awareness on social media platforms, but many have yet to monetize the medium, according to a new study.

On May 2, 2012, Nationwide added a slew of funds to its anuity portfolio.