Practice

According to Allianz, 97% of surveyed younger boomers say the U.S. is in a retirement crisis.

With more time to rebuild its coffers and failed-bank losses easing, the FDIC Tuesday abandoned an across-the-board premium hike slated to go into effect next year.

The Delaware company hired Walter J. Dillingham Jr. as a managing director and business development officer; John M. Lawson as a managing director and investment advisor; and Leigh H. Weiss as a managing director and investment advisor.

Now is the time for a balanced approach to both equities and fixed income, MFS advises.

The Securities and Exchange Commission charged two hedge fund portfolio managers and their investment advisory businesses with defrauding investors by overvaluing illiquid fund assets they placed in a "side pocket."

Broker-dealers who are sponsoring their customers' direct access to securities markets need to face a "higher level of accountability with respect to the algorithms they use,'' according to their chief regulator.

Its never too early to begin helping clients prepare for the 2011 tax season. It will become even more so as the Bush tax cuts come to an end on Dec. 31.

“Advisors need systems in order to accomplish their goals, whether you’re a large firm or a one-man team,” said Craig Snyder, one of LPL's top managers. “You need to track your activity so you can see what else you need to do to maximize your return on investment.”

Americans’ financial security sentiments inched up in October for the first time in six months, increasing by 0.7 points to 64.4, the Country Financial Security Index shows.

Just 11.2% of private-sector establishments offer health benefits to early retirees.