Practice

The SEC now charges that a Chicago securities dealer whose chief financial officer was a one-time chief financial officer of optionsXpress continued to trade as a customer account under optionsXpress’s auspices, after delisting itself from the only market of which it was a member, the Chicago Board Options Exchange.

On April 19, 2012, the financial research and consulting organization LIMRA has hired Alison Salka to serve as corporate vice president and director of its retirement research division.

On April 18, Transamerica Retirement Services appointed Darren Zino as division vice president of the company’s mid-Atlantic region, overseeing all sales activities for the region and will be based in North Carolina.

Nearly four-in-10 (38%) retiree households say they don’t have enough income to cover their monthly expenses. What can retirees and pre-retirees do to improve their monthly retirement income?

Nearly four-in-10 (38%) retiree households say they don’t have enough income to cover their monthly expenses. Here’s an interactive slide show highlighting five things retirees and pre-retirees can do now to improve their monthly retirement income.

On April 19, 2012, U.S. treasurers say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital requirements on the industry, according to a report released by the Investment Company Institute.

LPL's New Venture will be structured to support advisors who could run the gamut from college graduates to career changers.

The new firm brings together the existing businesses of Saltzman Associates, Bielan Consulting and Ken Kehrer’s research and consulting expertise.

At a time when many advisors are cautiously stepping into the social media scene, Fidelity Charitable has launched a LinkedIn group called The Giving Strategies Network which aims to help planners coordinate philanthropic planning.

New regulatory rules could lift or weigh down the wealth management industry as it works to mend its relationship with consumers following the financial crisis, according to executives speaking at the SIFMA Private Client Conference.