Practice

Writing out retirement income plans is a great way for financial advisors to increase client satisfaction, gain more referrals and ultimately increase assets -- yet few of them do it, according to a new study from Fidelity Investments.

Is a mutual fund company responsible for the statements made in a prospectus for one of its funds?

One area where women are being left behind is in corporate America, said Aditi Mohapatra, Senior Sustainability Analyst at Calvert Investment Management, at the Women Advisors Forum in Chicago on Monday.

Half of all U.S. employees are really not happy at their jobs, according to Mercer’s latest survey which covers 2,400 workers in the United States. Nearly one in three wants to leave, up from 23% in 2005, including about 20% of boomers ages 45-65, the group most likely to approach financial planners.

Allianz Life Insurance on Monday released a new research paper, “Rethinking What’s Ahead in Retirement,” that finds Americans are now more concerned about guarantees and retirement income in retirement than they are on returns and control.

Investors whose financial advisers have presented them with detailed, written retirement income plans rate them highly, yet only 18% of pre-retirees who work with an adviser have a retirement income plan, a survey of 500 retirees, pre-retirees and advisers by Fidelity Investments found.

The Supreme Court has ruled 5-4 that Janus Capital Group is not liable for false statements in a prospectus for the Janus Investment Fund made at the time of the 2003 market-timing scandal.

Preventing tax evasion is certainly a noble-and potentially profitable cause-for the U.S. government.

Lightspeed Financial said it acquired the Irish operations of Lime Brokerage International.

Broadridge Financial Solutions said it is beginning to supply post-trade processing services to prime brokers and investment banks.