Practice

A senior Prudential executive is calling upon the government to promote the development of multiple employer plans, which allows many small employers to pool their resources together under a single defined contribution plan.

Morgan Stanley said it has placed broker David S. Walker on leave, after prosecutors said a 44-year-old mother of four accused of running a brothel had visited the firm to discuss an online prostitution venture.

Here’s an interactive slide show detailing nine ways advisors can keep their clients from overspending throughout their retirements.

This week, IRA expert Ed Slott tackles questions about transferring 401(k)s to Roth IRAs and how investors can avoid early distribution penalties.

A senior Prudential executive is calling upon the government to promote the development of multiple employer plans, which allows many small employer to pool their resources together under a single defined contribution plan.

The proposed rule change might lower litigation and forum expenses, but it could also result in more claims and awards against reps and (eventually) RIAs.

An analysis by Spectrem Group found that 41% of wealthy investors surveyed said they relied primarily on their own research and analysis, while another 40% said they relied primarily on a trusted financial advisor.

Bankers are "bastardizing" the process of terms of the Dodd-Frank Wall Street Reform Act, by threatening to file lawsuits over whether costs and benefits of new rules have been adequately studied, according to Commodity Futures Trading Commission member Bart Chilton.

The heart – and brains – of a Wall Street firm used to be the great sales trader, said Matthew Andresen, co-CEO of Headland Technologies. Now, that value increasingly is moving into machines.

San Francisco, Calif,-based Callan Associates, an investment consultant, has hired Benjamin Taylor as vice president, responsible for investment structure reviews, fee analyses and record keeping searches.