Portfolio

Advisory firms must be ready to deal with commonplace snafus as well as major disruptions.

Fired adviser Johnny Burris complained the firm forced him to sell unsuitable products to clients, long before it acknowledged to the SEC it “violated the federal securities laws.”

Since its launch two years ago, Harvest Exchange has signed up 200,000 investors, nearly 25,000 advisors and over 7,000 investment firms.

The fraudster swindled nine Fidelity customers out of more than $1 million over a seven-year period.

Plan sponsors need to be aware of what will happen to 401(k) plan loans now that rates have gone up.

Avenue Credit Strategies Fund, a high-yield fund run by Marc Lasry’s Avenue Capital Management, put about 45% of its portfolio into cash earlier this week.

Higher interest rates will be a welcome relief for retirees who live on income from bonds, CDs and money market funds; Plus, clients should not assume their former employers will manage their 401(k) assets after they resign.

Four scenarios are possible. Here’s the most likely.

Contributions to donor-advised funds before year's end can help clients who need to claim bigger deductions to reduce their tax bills. Plus, tax-savings opportunities clients may want to grab before they're gone for good.

State Street said it incorrectly invoiced at least $200 million in asset servicing expenses to clients over a period of 18 years and will compensate customers.