Practice

Advisors “are now at the point where they are asking, ‘What oar should I buy?’” said Blane Warrene, the CEO of Arkovi, a leading social media archiving service.

The CFP Board disciplined 24 planners in its most recent thrice-yearly review of disciplinary or ethics allegations. In 13 cases, planners lost their rights to use the CFP designation permanently. Six other planners received suspensions for varying lengths of time, and five received letters of admonition.

As experts forecast persistent fiscal issues in Europe and disappointing growth domestically, this is the most important time for advisors to pick up the phone and talk to their clients, UBS Wealth Management Americas CEO Robert McCann said.

Social media is today's printing press and advisors have to be prepared for a new Rennaissance, according to Jason Seiden, the co-founder and CEO of Ajax Social Media Group.

On June 15, 2012, Manulife Financial said that Craig Bromley will be appointed senior executive vice president and general manager, U.S. Division, and president of John Hancock Financial Services, effective September 1.

On the first day of June, the Dow Jones Industrial Average dropped 1.95%, the Standard & Poor's Index 2.18% and the and Nasdaq Composite Index 2.5%. In effect, stock market gains for the year were wiped out. The reason: Jobs.

Bank of America Merrill Lynch has introduced an iPad application for its corporate treasury clients using the online payment and invoicing system, Paymode-X.

More than 20% of male baby boomers surveyed have postponed their retirement, 27% don’t know when they will retire, and 20% haven’t even saved for retirement at all.

On June 14, 2012, Teaneck, NJ-based Cognizant Technology Solutions Corp, a financial services shop, today issued a press release about a new partnership with ING U.S. “to offer a comprehensive array of insurance business process services.”

“There is a tremendous generational shift we are starting to see already,” said Tom Nally, the new president of TD Ameritrade Institutional. “By the end of the decade, the next generation, will have over $28 trillion, up from $2 trillion. It is incredible.”