Portfolio

One way to help clients avoid outliving their money is to encourage them to use a portion of their assets to purchase an ordinary, straight-ahead immediate annuity without any bells and whistles.

Looking to expand your team and boost performance? Executive search veterans Kathy Freeman Godfrey and Jeff Warren have a few suggestions.

CFOs gave the strength of the U.S. economy an average score of 53 out of 100 — up from 49 a year ago and the highest recorded rating in the last six years, according to the Bank of America Merrill Lynch 2014 CFO Outlook survey.

A big LPL practice with $3.7 billion in assets under management is picking up a $300 million Chicago-area firm.

Even as the SEC is contemplating an expansion of fiduciary rules to include broker-dealers who operate in the retail space, some advocates argue that the regulatory interpretation of the responsibilities under a fiduciary standard has strayed from common-law precedent and become dangerously diluted.

A new HighTower project tries to determine whether the aggregated opinions of advisors and staff can offer meaningful insight into portfolio allocations.

The convicted Ponzi schemer, now serving a 150-year prison sentence, says in an interview with MarketWatch that his defrauded clients should have probed more.

David Sirianni, Oppenheimer Holdings' head municipal bond trader, was fined $100,000 and suspended for 60 days by the Financial Industry Regulatory Authority for overcharging customers.

World economic growth will pick up next year, paced by improvements in the U.S. and the euro area, Mohamed El-Erian, chief executive officer of Pimco, said in an interview.

NetVEST, which is returning to LPL, has approximately $200 million in client assets and specializes in establishing revocable and irrevocable trusts. The firm had been affiliated with Ameriprise for the past year; but had been with LPL for almost 20 years before that, however.