Practice

Schwab will pay $118 million to settle the charges.

The Securities and Exchange Commission charged Charles Schwab with making misleading statements about its Schwab YieldPlus Fund. Schwab agreed to pay $118 million to settle the charges.

The economic crisis has brought personal finance front and center, for Americans as well as others throughout the world, the ING Retirement Institute Research Institute found.

MSSB and Wells Fargo have reached into each other’s advisor forces for two new wealth advisor appointments

Four out of five organizations that currently include money market funds in their short-term investment portfolios would drop them if a floating net asset value were to become a reality, according to a survey by the Association for Financial Professionals.

The Independent Directors Council on Tuesday urged regulators to preserve the $1 net asset value of money market funds, saying a floating NAV would not reduce systemic risk in any meaningful way.

It’s a nerve-wracking jolt into the electronic age, but converting your paper files to bytes streamlines both your client services and your compliance readiness.

According to a survey, four in five corporations could drop money market funds from their portfolios if funds are required to shift to a floating net asset value reporting structure.

Matt Fink, former president of the ICI, comments in the latest edition of his book on how another financial crisis may one day be in the making.

Advisors should heed how the bank is leveraging new technology to converse with customers online.