Practice

As baby boomers transition from the accumulation to distribution phase of their financial lives, many RIAs find themselves engaged in a strategic planning process as they decide how to reshape their business models to serve clients in this new stage. For many financial planners, it remains a work in progress.

While low interest rates have been a “boon” to corporate borrowers, the low-yield environment is likely to “exacerbate underfunded pension positions” for corporations in the near term, Fitch said in a new report.

On Wednesday Adhesion Wealth Advisor Solutions announced it improved its WealthADV technology platform to provide more ways for investment advisors to communicate with clients. The newest development: clients can now check their portfolios and performance reports with the iPad as well as most Mac and Microsoft Windows-based devices.

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring allowing them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

The Boston company said Tuesday it is introducing new Retirement Choices target-date portfolios, which are designed to take participants “to” retirement and accommodate the participant who wishes to select another investment strategy at the time of retirement.

The fourth annual College Savings Indicator study found that the percentage of college costs parents are projected to meet is only 16%, down from 18% last year, and 24% in 2007, the first year of Fidelity’s survey. However, those who work with an advisor are projected to meet 28% of college costs, down from 34% last year.

Initiative is first stage in the organization’s Lifelong Financial Strategies drive.

Couples can afford to self-insure if they have enough money to run two households.

Wyser-Pratte Management, a New York-based fund manager and corporate raider, claims Broadridge Financial Solutions and French media giant Lagardere may have lost shares voted in favor of its proposals during an April proxy contest.

One of the Obama administration’s priorities is to get Congress to extend the Build America Bond program and federal officials are convinced BABs will remain a “vibrant market” even if the federal subsidy rate is reduced from its current 35% level, a Treasury Department official said ­Monday.