Portfolio

The U.S. Court of Appeals for the Seventh Circuit in Chicago has affirmed the Tax Court, upholding the disallowance by the IRS of losses claimed by investors in a DAD (distressed asset/debt) tax shelter.

Get ready for a new wave of low-cost, online-only financial advice companies.

A reincarnated version of an annuity that never gained much traction in the marketplace is finding fans among seekers of retirement income.

Beginning next month, a number of tech firms that are also RIAs are poised to enter the red-hot online advisory space, offering consumers not only financial guidance but specific buy/sell/hold recommendations for mutual funds and ETFs, based on algorithms and aggregation of clients’ accounts.

To do so, the country’s largest independent broker dealer expects to have a portal up and running, probably under the name AdvisorHarmony, as early as next year that will allow advisors to sift through potential partners on their own.

Wells Fargo's regional president of Florida operations has been promoted to a national executive.

Retirement: It's the main goal of most investing and the biggest worry of most clients. As a sneak peek to our upcoming September issue on the topic, we list the top 10 target-date funds for 60-year-old investors.

Deferred income annuities last year generated about $1 billion in sales and are expected to be the fastest growing annuity product.

As Gen Xers and Gen Yers put their holey jeans and futons behind them, many financial institutions are trying to lure those newly affluent age groups with high-tech services.

John Hancock Financial Network has rebranded under the name Signator Investors, as a sign to advisors of its commitment to grow the advisory side of its business.