Practice

One third of forty-and fifty-something women figure on withdrawing 11% to 30% each year. That’s where you come in.

The California asset manager said it agreed to pay $217 million to cover investor losses as well as a $25 million civil penalty, in a settlement with the SEC over a coding error in its risk model. The firm's chairman, Barr Rosenberg, resigned, after a probe into errors in the firm's data systems.

NYSE Euronext said that its equities trading in the U.S. and its derivatives trading worldwide were down in January, compared to a year ago. But there were bright spots, particularly compared to December.

Advisors using TD Ameritrade’s practice management program have grown their business by 19% versus those that have not have only grown 9%.

In a presentation given by Beverly Flaxington, president of advisors trusted Advisor, at the 15th annual TD Ameritrade Institutional annual conference, advisors learned how to focus their business (and their resource) to improve their effectiveness.

“Something has gone very wrong in Washington,” said Tom Giachetti of Stark & Stark Attorneys at Law. “You cannot catch criminals through more regulation. Investment advisors will be burdened with more costs and it’s not protecting the investing public. This is a knee jerk reaction to Bernie Madoff.”

Many investors are assuming that that headache of cost-basis calculations are no longer their problem, period, said Nico Willis, chief executive of NetWorth Services, Inc., a financial software company in Phoenix. What most don’t realize is that the requirement doesn’t apply to securities bought before Jan. 1.

The $10 million is part of a settlement announced Thursday with the SEC, which charged the company with "failing to reasonably supervise its registered representatives" when the Reserve Yield Plus Fund saw the value of its shares fall below $1 in the midst of the credit crisis erupting at the time.

A lot of advisors seem to confuse their value proposition--and it hurts them in the long run.

Stephen Campbell joins Citi Private Bank after serving as chief investment officer at Zefram LLC, the personal investment company of Amazon.com founder Jeff Bezos.