Practice

Among working Americans making at least $30,000 a year, paying bills and reducing debt are greater concerns than saving for retirement, a “Financial Wellness” survey of 1,610 adults by PwC found.

Advisors are struggling to come up with a better retirement income portfolio solution, which we believe we have found. This is not just about dividends. Inflation is a major concern long term that advisors not only need to be aware of when building retirement portfolios but must have an effective portfolio management solution.

According to the FINRA survey, in addition to these worries, fewer than half of current retirees said they were working with a financial professional to handle their retirement assets. Only one in five reported having a written plan for retirement.

A decade after its launch, Bank of America Merrill Lynch's 401(k) platform for small businesses is approaching 1 million participants — and it's expanding beyond its signature 401(k) focus.

The combination of extortion and the use of threats to air an alleged extramarital affair against a state official is probably not the best way to win an investment contract at the New York State Common Retirement Fund.

Investors and advisors are concerned about IRAs and Ed Slott provides the answers.

The combination of a robust U.S. equity market and the proliferation of company-sponsored retirement plans helped push total assets in 401(k) pans over the $3 trillion threshold at close of last year, up 13% from 2009.

The Financial Industry Regulatory Authority announced Tuesday it suspended indefinitely Pinnacle Partners Financial Corp., of San Antonio, Texas, and its president, Brian K. Alfaro, for failing to comply with a FINRA temporary cease and desist order “prohibiting their fraudulent misrepresentations.”The suspension resulted from FINRA’s notice of suspension that alleged that Pinnacle and Alfaro continued to make fraudulent oral and written misrepresentations and omissions in connection with their offer and sale of certain oil and gas joint interests. The temporary order was issued on Jan. 21.

Sometimes, advisors can build a better business by avoiding discussing business altogether.

The Financial Industry Regulatory Authority announced Tuesday it suspended indefinitely Pinnacle Partners Financial Corp., of San Antonio, Texas, and its president, Brian K. Alfaro, for failing to comply with a FINRA temporary cease and desist order “prohibiting their fraudulent misrepresentations.”