Practice

Bank of America has hired more than 30 bankers in the greater Chicago area as part of a broader plan to beef up its services for small-business owners.

Forty percent of Boomers wait until five years before retirement to begin planning, according to a study by Allianz Life.

Did you ever wonder why the word "billion" seems to elicit a terrible feeling in your gut? Do you remember when a billion dollars seemed like so much money it was unattainable? Do you remember when a millionaire was considered really wealthy? Now, a millionaire is not rich and a billionaire must have done something evil to become one.

According to an SEI poll, 44% of wealth managers said dealing with ongoing and ever-evolving regulatory changes will be their firms’ top priority this year.

Matrix Financial Solutions refreshes its RetireTool(k)it to better support regulatory compliance and simplify the selection and monitoring of funds.

U.S. senators Jack Reed and Charles Grassley introduced a bill to authorize the Securities and Exchange Commission to impose bigger sanctions after the agency said it didn’t have adequate tools to deter financial fraud.

John Hancock Funds today unveiled a new program and a survey to help retirement plan advisers demonstrate their value and build stronger relationships with their plan sponsor clients

I’ll bet the amount of training an advisor receives on portfolio and client management over ten years could fill an ocean. I’ll also wager the amount of training an advisor receives on managing staff couldn’t even fill a thimble.

On July 23, 2012, John Hancock Funds today unveiled a new program and a survey to help retirement plan advisers demonstrate their value and build stronger relationships with their plan sponsor clients.

The advocacy organization sent a letter of comment to the SEC citing the impact a fee hike could have on independent firms.