Practice

Investors and advisors are concerned about IRAs and Ed Slott provides the answers.

The combination of a robust U.S. equity market and the proliferation of company-sponsored retirement plans helped push total assets in 401(k) pans over the $3 trillion threshold at close of last year, up 13% from 2009.

The Financial Industry Regulatory Authority announced Tuesday it suspended indefinitely Pinnacle Partners Financial Corp., of San Antonio, Texas, and its president, Brian K. Alfaro, for failing to comply with a FINRA temporary cease and desist order “prohibiting their fraudulent misrepresentations.”The suspension resulted from FINRA’s notice of suspension that alleged that Pinnacle and Alfaro continued to make fraudulent oral and written misrepresentations and omissions in connection with their offer and sale of certain oil and gas joint interests. The temporary order was issued on Jan. 21.

Sometimes, advisors can build a better business by avoiding discussing business altogether.

The Financial Industry Regulatory Authority announced Tuesday it suspended indefinitely Pinnacle Partners Financial Corp., of San Antonio, Texas, and its president, Brian K. Alfaro, for failing to comply with a FINRA temporary cease and desist order “prohibiting their fraudulent misrepresentations.”

The FDIC engaged in an activity that paints an alternate history detailing how it might have handled the collapse of Lehman Bros. if its new reform powers had been in place.

With the shift, MSSB has hired J.P. Morgan Chase’s Jeff Hack as chief operating officer.

Most financial advisors do an outstanding job of building and maintaining relationships with their wealthiest clients but all too often fail to deliver the full buffet of financial services these highly coveted and well-healed clients want and need.

The combination of a robust U.S. equity market and the proliferation of company-sponsored retirement plans helped push total assets in 401(k) pans over the $3 trillion threshold at close of last year, up 13% from 2009.

Raymond James announced Monday that it hired Martin Gelb and Sonya Gelb Choeff. The father-daughter team joined the new Miami Beach branch of Raymond James.