Practice

Lincoln Financial Group says it took swift action to safeguard private consumer information and beef up its security policies, after it discovered vulnerabilities in a Web-based system that stored consumer account records for two of its business units.

The tool lets retail investors see how their portfolio is performing against benchmarks and how much risk they have taken.

Independent financial advisors say that improving efficiency and time management is a goal for 2011, and carriers can help them achieve it.

A new survey of high-net-worth investors with more than $2 million in investable assets found that most expect to at least triple their net worth in the next decade, a sure sign that the affluent expect the market's recent momentum to continue for the foreseeable future.

To help financial advisors and firms jumpstart their social media endeavors without running afoul of FINRA regulations, LIMRA and social middleware firm Socialware this week rolled out "Insight: Advisor Series," a new social media training program specifically designed to help guide them through the potential legal and cultural landmines presented by social networking sites and platforms.

Only 10% of Americans with $5 million to $25 million in investable assets described themselves as “very wealthy” in a recent survey by the Spectrem Group.

In the past 11 years, we’ve had two major bear markets and experienced the near collapse of the world financial system. Not surprisingly, many advisors lost revenue, lost clients and some even lost confidence in their ability to protect their clients’ assets during times of turmoil. Yet during this 11-year period of global upheaval, a select group of advisors prospered.

In an effort to prevent a recurrence of past abuses by broker's brokers, the Municipal Securities Rulemaking Board has issued a new draft rule that details what they must do to comply with pricing, fair-dealing, and transaction rules.

UBS has hired Louise F. Gunderson as a new managing director of investments for its midtown New York office.

It seems we have reached the absolute bottom of the barrel in terms of regulatory efficiency. If the SEC is spending weeks on trivial issues and completely missing Bernie Madoff then it is clear that something is seriously broken.