Practice

The Financial Industry Regulatory Authority has fined Kane, McKenna Capital Inc. and Wulff, Hansen & Co. a total of $27,500 for municipal transaction disclosure and trade rule violations.

The FDIC on Monday announced it hired Bret Edwards as the director of its division of resolutions and receiverships. Edwards has been acting director since January.

The new searchable system adds another layer of transparency into the brokerage and financial advisory industry, on a firm and individual level.

Nine Tips to help you build relationships using new media and good old fashioned communicationma

Shawn Liebel and Kevin Forney join Morgan Stanley from UBS, while Robert Coloret and Mark Delmar join from Ameriprise.

Although when investors are surveyed almost all say they are satisfied with their advisors, the reality is that loyalty to an advisor is different than satisfaction, said Matt Oechsli of The Oechsli Institute at the IMCA annual conference in Las Vegas on Monday.

The federal budget deficit is estimated to skyrocket to $1.6 trillion this year, but Andrew H. Friedman of The Washington Update told a standing-room only crowd at IMCA’s annual conference in Las Vegas that there are still opportunities for investors.

Nearly 150 hand-picked and already highly successful Bank of America Merrill Lynch financial advisers next month will embark on what amounts to retirement training boot camp at The Retirement Advisor University (TRAU) in pursuit of a Certified 401(k) Professional designation to further their defined-contributions expertise and differentiate themselves from other DC practitioners.

Because seniors are living longer, they are more concerned than ever about inflation, interest rates and rising healthcare costs, a survey by the Society of Actuaries found.

Unless automatic enrollment in 401(k)s and other defined contribution plans becomes universal and savings deferral rates increase substantially, people are going to have significant shortfalls in their retirement nest eggs.