Practice

Dividing up computing capacity inside an organization is not only cutting a company's ties to fixed-in place servers -- it's cutting the cords of managers to the hardware that they are supervising.

The two-day collapse of Amazon Web Services last month is the kind of incident that underscores the concern that continues to keep critical applications, such as Wall Street's trading programs, out of remote, hosted online services and data centers, said Geoff Tudor, chief cloud strategist at Hewlett-Packard Company.

Younger planners have a lot to offer the industry but can face numerous hurdles to success, according to Joseph D. Pitzl, director of financial planning at Intelligent Financial Strategies in Edina, Minn.

A perfect storm combination of eroding social security trust funds, high unemployment and a flood of Baby Boomers all hitting retirement age at the same time will put enormous strain on the system for the next two decades and result force retirees and their advisors to come up with alternative retirement income plans and strategies to make ends meet.

One-third cites protecting principal as their primary goal.

The Financial Industry Regulatory Authority has fined Kane, McKenna Capital Inc. and Wulff, Hansen & Co. a total of $27,500 for municipal transaction disclosure and trade rule violations.

The FDIC on Monday announced it hired Bret Edwards as the director of its division of resolutions and receiverships. Edwards has been acting director since January.

The new searchable system adds another layer of transparency into the brokerage and financial advisory industry, on a firm and individual level.

Nine Tips to help you build relationships using new media and good old fashioned communicationma

Shawn Liebel and Kevin Forney join Morgan Stanley from UBS, while Robert Coloret and Mark Delmar join from Ameriprise.