Practice

Morningstar has added sophisticated asset allocation and forecasting functionality to Morningstar Direct, its investment analysis platform for institutional investors.

The tech team at Fidelity Institutional Wealth Services has come up with a new way to help prevent independent financial advisors from enjoying their vacations: a new smartphone app that allows them to open client accounts and do electronic trading for clients from anywhere.

One of Wells Fargo Advisors former brokers has won $6.83 million in an arbitration dispute after alleging he was wrongfully terminated and defamed by the firm after cooperating with a regulatory investigation.

Financial advisors who position themselves well by be being frequently seen in the public eye -- either in print, on TV, on the radio or writing online columns likes this one -- can build the perception that they're professionals who can be trusted.

A hedge fund services unit of Citigroup in Bermuda has become the latest in a line of third-party middle- and back-office service providers to be sued by the trustee liquidating Bernard Madoff's firm to recoup collect funds for disgruntled investors.

John Hancock Financial Network already serves 2,000 financial advisers and independent broker-dealers who do business with 401(k) plans across the United States, to date, John Hancock's 401(k) support has been limited to access to asset managers. Further, John Hancock never branded its name on its defined contribution platform, instead allowing advisers to use their own.

Working as both a financial planner and a business consultant allows Phil Dyer, founding principal of Dyer Financial Advisory in Towson, Md., to serve his clients’ many needs.

The new route will lower trading speeds between those two cities and also allow banks, hedge funds, brokers and other financial services institutions to execute trades faster with exchanges in Zurich, Milan, New York and Chicago that are also connected to the Level 3 network.

Many consumers don't know what near-field communication is, but the services the technology enables are becoming quite popular. That puts an onus on mobile payments projects that use NFC to move beyond disputes over revenue and other issues.

After months of complaints to Congress about overzealous examiners, frustrated community bankers took the matter one step further on Friday by pressing a House panel to pass legislation that would force regulators to be more lenient.