Practice

The independent securities regulator has put to rest an eight-year-old dispute, finding no violations in Citigroup’s advisor recruitment from Oppenheimer.

Baby boomers are happy about everything – except for retirement, according to a new TD Waterhouse poll.

It is pretty accepted that our practices are best grown through referrals, and that beyond our clients it is important to cultivate centers of influence such as CPA’s and estate attorneys.

Putnam Investments has promoted Robert E. Alan to head of North American consultant relations and Keith E. Thomas to head of international consultant relations. The two will work with the consultants who advise institutional investors on investment strategy and the selection of managers.

The panel’s decision also sent a signal to broker-dealers that financial advisors should perform much more thorough due diligence on the soundness of companies issuing certain securities before allowing investors to participate in risky investments.

With expectations so low, plan sponsors are looking for assistance from retirement plan service providers.

Legacy replacement, mobile applications and better use of analytics are among the issues confronting insurers.

The administration is expected to unveil this month a reform package that charts a course for the housing finance system. But it remains unclear how detailed the administration plans to be.

As 401(k) balances rebounded in 2010, the executives running defined contribution plans named retirement readiness one of their top priorities, according to the “10th Annual 401(k) Benchmarking Survey,” conducted by Deloitte and the International Society of Certified Employee Benefit Specialists (ISCEBS).

FINRA effectively backed up claims that Securities America breached its fiduciary duty and violated industry rules.