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Financial planners have several tools they can use to steer clients away from destructive behavior, said industry experts at a conference in New York on Tuesday.
October 25 -
UBS said the “unauthorized trading incident” that led to a $2.3 billion loss in its third quarter was not “sufficiently investigated” when detected.
October 25 -
Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said that many tax benefits for the 2012 tax year will increase due to inflation adjustments. Investors will be able to contribute an additional $500 to their 401(k), for a total of $17,000 for those under 50 and $22,500 for those 50 or older.
October 25 -
The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.
October 25 -
The Department of Labor issued new regulations that aim to broaden access to personalized investment advice for workers engaged in retirement savings plans.
October 25 -
The leading provider of software for 250,000 finance professionals, Emerging Information Systems, announced today that it expects to be acquired by Zywave, a provider of on-demand software for the insurance industry.
October 24 -
Deutsche Boerse said its derivatives exchange, Eurex, completed the re-location of its matching engines to a single data center. The Eurex trading and clearing infrastructure is now located in a Frankfurt data center operated by Equinix. In July, Deutsche Boerse moved its Xetra electronic stock trading market to the same data center.Eurex and Equinix had already been offering a co-location service in that International Business Exchange, since 2006.
October 24 -
Putnam Investments is addressing the need for customized retirement income withdrawal strategies through the launch of the Putnam Retirement Income Lifestyle Funds, a suite of three income-oriented mutual funds, and a Retirement Income Analysis Tool.
October 24 -
Get ready to connect with far-flung colleagues: The FPAs much-awaited new social networking site is live and picking up speed. Several thousand members worldwide are already connecting online, forming groups and developing their own self-directed platforms within the 24,000 member-strong organization.
October 24 -
The Department of Labor on Monday issued final rules on investment advice in 401(k) plans, largely in line with its initial definition of advice.
October 24
