Practice

In a presentation given by Beverly Flaxington, president of advisors trusted Advisor, at the 15th annual TD Ameritrade Institutional annual conference, advisors learned how to focus their business (and their resource) to improve their effectiveness.

“Something has gone very wrong in Washington,” said Tom Giachetti of Stark & Stark Attorneys at Law. “You cannot catch criminals through more regulation. Investment advisors will be burdened with more costs and it’s not protecting the investing public. This is a knee jerk reaction to Bernie Madoff.”

Many investors are assuming that that headache of cost-basis calculations are no longer their problem, period, said Nico Willis, chief executive of NetWorth Services, Inc., a financial software company in Phoenix. What most don’t realize is that the requirement doesn’t apply to securities bought before Jan. 1.

The $10 million is part of a settlement announced Thursday with the SEC, which charged the company with "failing to reasonably supervise its registered representatives" when the Reserve Yield Plus Fund saw the value of its shares fall below $1 in the midst of the credit crisis erupting at the time.

A lot of advisors seem to confuse their value proposition--and it hurts them in the long run.

Stephen Campbell joins Citi Private Bank after serving as chief investment officer at Zefram LLC, the personal investment company of Amazon.com founder Jeff Bezos.

Nearly 875,000 employees increased their 401k contributions in 2010, a 21% increase over 2009’s level of 721,000 employees, according to Merrill report.

According to a new study, for many women, retirement means living single and that requires more preparation, and more advisor aid.

And 27% have no personal savings, a Harris Poll shows.

International regulators worked hard, agreed in December to impose tough standards and then gave bankers eight years to meet them. But the reality is something much less concrete.