Practice

John Hancock Financial Network already serves 2,000 financial advisers and independent broker-dealers who do business with 401(k) plans across the United States, to date, John Hancock's 401(k) support has been limited to access to asset managers. Further, John Hancock never branded its name on its defined contribution platform, instead allowing advisers to use their own.

Working as both a financial planner and a business consultant allows Phil Dyer, founding principal of Dyer Financial Advisory in Towson, Md., to serve his clients’ many needs.

The new route will lower trading speeds between those two cities and also allow banks, hedge funds, brokers and other financial services institutions to execute trades faster with exchanges in Zurich, Milan, New York and Chicago that are also connected to the Level 3 network.

Many consumers don't know what near-field communication is, but the services the technology enables are becoming quite popular. That puts an onus on mobile payments projects that use NFC to move beyond disputes over revenue and other issues.

After months of complaints to Congress about overzealous examiners, frustrated community bankers took the matter one step further on Friday by pressing a House panel to pass legislation that would force regulators to be more lenient.

American workers lapsed into investing inertia after the market collapsed in 2008, but standing still actually benefited many and helped their workplace retirement plan balances rebound by 31% between 2007 and 2010, Vanguard said.

American workers lapsed into investing inertia after the market collapsed in 2008, but standing still actually benefited many and helped their workplace retirement plan balances rebound by 31% between 2007 and 2010, Vanguard said this week.

SIX Swiss Exchange and Liquidnet said Thursday they had launched a trading platform that will allow global financial institutions to draw on five previously untapped European markets in finding buyers or sellers.

Wealth management firms are risking losing clients to competitors, losing a chance to gain new business through client referrals and are missing opportunities to deepen relationships with existing high-net-worth investors, according to a new study by Aite Group, an independent Boston-based research and advisory firm focused on the financial services industry.

According to a new Barclay's Wealth report, emotional trading can cost even the most well-heeled investor about 20% in returns over a decade. Still many persist in making too many trades in the pursuit of huge returns.