Practice

By providing cheaper initial premiums and offering frequent buy-ups, insurer looks to attract healthy adults currently suffering budgetary constraints.

About 35% of women report using a financial advisor and another 35% who don't use an advisor would consider doing so, according to a new survey from Prudential Financial.

The last decade has been rough for the mutual fund industry. This means boards of directors must have the tools for overseeing compliance and take on the oversight.

Custom target-date strategies will hold 22% of 401(k) target-date assets by 2016, or $218 billion, according to research from Cerulli Associates. That will be a nearly four-fold increase from the 2011 asset level of $46.4 billion.

On August 10, 2012, Custom target-date strategies will hold 22% of 401(k) target-date assets by 2016, or $218 billion, according to research from Cerulli Associates. That will be a nearly four-fold increase from the 2011 asset level of $46.4 billion.

UPDATE: Who are the most influential people in our industry? Financial Planning is now accepting nominations for our annual Influencer Awards. We are seeking the most impactful individuals in multiple categories who are leading -- and sometimes pushing -- the industry to higher levels. The awards will recognize practitioners and thought leaders who have made significant contributions to the financial planning profession, from developing innovative portfolio and practice-management solutions to providing leadership for the advisory community.

On August 10, 2012, The Securities and Exchange Commission Friday charged a Florida-based investment manager and his firm for failing to provide SEC examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks.

FINRA levied almost $40 million in fines in the first half of the year and will likely doll out as much or more through the end of the year.

On August 10, 2012, Janus Capital Group has entered into a strategic alliance with the The Dai-ichi Life Insurance Company, in which Japan’s third largest life insurer will acquire up to 20% of Janus’s outstanding shares and invest at least $2 billion in Janus investment products

The Municipal Securities Rulemaking Board released a proposal Thursday aimed at increasing protection for retail investors who trade municipal bonds online.