Practice

U.S. cities are projecting their first increase in revenue since 2006, though they say it’s not enough to keep pace with spending as pension and health-care costs increase.

Investors are driving Phoenix’s financing costs to an eight-month low as officials move to curb a pension burden that one councilman said has Arizona’s largest city on the path to insolvency.

Julie Stackhouse at the St. Louis Fed admits that some regulators who once questioned the role of smaller institutions are now committed to hearing their concerns and making improvements.

The board voted Thursday to adopt two attestation standards pertaining to audits of brokers and dealers, along with an auditing standard for broker-dealer audits.

President Obama and House GOP leaders were moving toward an agreement to extend the nation’s borrowing authority as they remained at odds over terms for ending the partial government shutdown.

Educators say they expect full explanation and transparency.

Advisor network Northstar Wealth Partners added two new advisors managing a combined $800 million in client assets with the help of its independent broker-dealer.

NAPFA’s new leaders are stressing new initiatives to expand the organization’s education programs and its membership.

The crisis represents a call for advisors to offer the one thing most individual investors can't provide for themselves: an objective, experienced and unemotional perspective, unclouded by fear and based instead upon short- and long-term goals.

The firm picked up five advisors with almost $450 million in assets under management.