Portfolio

During the first quarter of 2013, banks generated $790.7 million in annuity sales, up 1.2% from $781.7 million in the same quarter last year.

With three more even larger deals expected to be completed by September, Carson Institutional could become a serious alternative to some of the leading roll-up firms in the nation.

“We see an opportunity to have a national RIA multifamily office brand with the Forbes name,” Scott Gregorchuk, chief executive of Forbes Family Trust tells Financial Planning. “We are surgically targeting the right advisors and investment advisory firms to join our effort.”

Advisors in all channels saw fee income increase as a percentage of their compensation over the past year, according to a new study.

Many large managers of municipal bond funds with Detroit paper said they haven't heard any panic from their investing clients since the city filed for bankruptcy and many of their funds have lost value.

As Roth 401(k) plans continue to spread, young workers increasingly are voting to go Roth. In the first quarter of 2013, 10% of all participants in Wells Fargo-administered defined contribution plans contributed to a Roth 401(k), when available, up from 8.9% a year earlier. Leading the way were employees under age 30: 16.9% chose the Roth route, a jump from 15.2% participation in last year’s first quarter. (Only 4% of participants in their 60s chose the Roth version this year.)

BNY Mellon has been appointed as the successor depositary bank for the Global Depositary Receipt (GDR) program of JSC Federal Grid Company of Unified Energy System. Each Federal Grid Company GDR represents 500 ordinary shares and trades on the London Stock Exchange under the symbol "FEES." Federal Grid Company's ordinary shares trade on the Moscow Exchange under the symbol "FEES."

With minimal impact on current tax rates and the potential for tax-free withdrawals as they age, Roth 401(k) plans are catching on with the young and not-at-all-wealthy.

Often advisors don't have the time to motivate, hold accountable, and help junior advisors with their time management and goals. Here are the biggest struggles junior advisors face and the things these associates wish they could tell their bosses.

Deciding which tasks to outsource can be difficult for advisors. Dave Grant identifies projects that have turned out to be great candidates for a handoff.