Practice

NEW YORK -- U.S. and international regulators are widely credited with having saved the global economy from plummeting into a second Great Depression, and the fragile, recovering economy can expect to see continued support for much of 2010, experts say.

It gives junior advisors funding to buy out practices from senior advisors.

linkedFA's launch comes amid a debate over how advisors can use social networking to expand their businesses, while still following compliance rules under the Securities and Exchange Act of 1934.

Contributions in the form of appreciated securities represented 43% of the fund’s total contributions last year.

The Managed Funds Association is planning to create the largest database on hedge funds and use the information to lobby Washington. The database will amass each hedge fund’s assets, number of investors, location and various strategies—but encrypt the information so each fund’s information is anonymous.

Axa Equitable’s new product comes at a time when variable annuity providers are doing lots of tinkering with their offerings.

On the heels of the IRS’s plan to begin regulating tax preparers, the Justice Department announced that it has filed six lawsuits this week to stop preparers charged with generating fraudulent income tax returns.

WASHINGTON — The notion that holding company oversight should be entrusted to a bank's primary supervisor is gaining traction on Capitol Hill.

Seventy-three percent of 3,000 people that the Investment Company Institute polled said they are confident they will be able to retire, thanks to their 401(k) savings, and 90% gave a thumbs-up on the plans, citing their tax advantages, convenient payroll deductions, choices, control and the financial discipline they instill.

The Atlanta company has offered private banking services for musicians and motor sports athletes for years. Thomas Carroll (left) said SunTrust's new office in San Diego is only the beginning of its national expansion strategy.