Practice

Financial Research Corp. has hired Matthew J. Schott as vice president, retirement income practice leader.

A recent Fidelity Investments survey shows 60% of registered investment advisors are actively looking to acquire new advisors and now they can have help doing so with Fidelity’s newly expanded advisor recruiting and retention resources.

According to a study by SEI, advisors hope to spend more time this year on business growth.

The Federal Deposit Insurance Corp. board is scheduled to move ahead on new resolution powers and discuss executive compensation structures at a meeting Tuesday.

The financial crisis has brought personal finance front and center in the mind of many Americans, with 70% saying taking control of their finances is a top priority and nearly as many believing they can accomplish this.

While regulators have focused on target-date funds since the financial crisis, most investors understand the funds’ basic design and are aware of their risks, a Vanguard survey of 4,700 investors shows.

Helping business owners manage group retirement plans for their employees creates an income stream as well as a gateway to future business.

Donors gave to Fidelity’s donor-advised fund in record numbers in 2010 - a sign of the critical role donor-advised funds are playing in charitable giving.

The Bank of America-owned private wealth management business has added five new advisors to its southeast and eastern divisions in its bid to serve ultra-high net worth clientele.

A group of House Financial Services Democrats are raising questions about whether taxpayers will be fully protected under the terms of a recent settlement over poorly underwritten loans held by Fannie Mae and Freddie Mac.