Practice

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.

Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said earlier this week that many tax benefits for the 2012 tax year will increase due to inflation adjustments.

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.

The Securities and Exchange Commission has designated the Financial Industry Regulatory Authority as the agency to develop and maintain the system for hedge fund advisors to receive new registration forms for hedge fund advisers, for a filing fee of $150.

Last week, the Financial Stability Oversight Council voted to proceed with rule-making that provides regulators with greater authority to oversee financial companies that are not banks but have more than $50 billion in assets and $20 billion in debt.

At the start of October, the Investment Company Institute announced it was going global.

"Simple Truths" From a Man Who Isn't an Academic

Global regulators on Thursday came up with a plan for securities watchdogs to monitor high-frequency trading, but fell short of draconian measures.

Wells Fargo’s Rich Lowrie helped craft the tax proposal that’s driving political debate. Here’s a closer look at the financial planner and the rationale behind GOP presidential hopeful Herman Cain’s 9-9-9 tax proposal.

Firm principals will need to manage costs and people effectively or risk falling behind their peers, Mark Tibergien, chief executive officer of Pershing Advisor Solutions, said during a Money Management Institute conference address this week.