Practice

Forty-six percent of Americans surveyed by Fidelity Investments cite saving more as their No. 1 financial resolution for 2012, and among this group, the median savings target is $2,400, up from $1,200 last year.

Mutual funds have a new competitor in the defined contribution market: collective investment trusts. These investments have been around for years but are now increasingly grabbing the attention of investors in defined contribution retirement plans.

TD Ameritrade this week will roll out an upgrade of its open architecture platform’s integration with cloud-based electronic signature system DocuSign, as it streamlines DocuSign’s pairing with financial form-filling software Laser App.

The Depository Trust & Clearing Corporation says it has enhanced its cost basis reporting service to help mutual fund managers and other financial intermediaries transfer cost basis information on investors’ accounts from one firm to another.

BATS Europe said it has resolved the “hardware issue” that shut off all trading on Tuesday.

BNY Mellon Wealth Management has appointed financial services veteran Ron Bruder managing director of a growing team of advisors to ultra high-net-worth families and family offices.

Legacy expert attorneys Andy and Danielle Mayoras say events surrounding his estate have been anything but consistent with his musical legacy. In the 30 years since his death, his estate has seen far too many court fights, lawsuits and money-grabs to count. And that legacy of fighting over money doesn’t seem likely to end any time soon.

Microsoft Outlook moved down to second place — overtaken by Redtail — in the CRM software category for advisors this year. It was the first time in the history of Financial Planning’s annual tech survey that Outlook was not in first place.

BATS Europe is confronting “system issues.” The pan-European trading venue operated by BATS Global Markets went down at 9:36 a.m. Greenwich Mean Time.

If it looks too good to be true, it is. That appears to be the stance that will be taken by the SEC when it comes to investigating the fraudulent activities of hedge fund advisors as evidenced by its recent enforcement action against three separate firms and six individuals.