Practice

The House Financial Services capital markets subcommittee was expected to pass as early as late Tuesday eight bills intended to jump-start reform of the government-sponsored enterprises despite efforts by Democrats to oppose the measures.

A Financial Industry Regulatory Authority hearing panel expelled a California broker-dealer from the securities industry, for failing to implement and enforce an anti-money laundering program.

Along with cool-headed holistic advice, of course, investment management is probably the most important component of a financial planning and advisory practice.

A New York judge has dismissed a class action lawsuit against State Street as the sponsor of a mutual fund, saying that even though the mutual fund misrepresented its risks, investors were not harmed. That's because the fund correctly calculated its net asset value.

In the past, the Protocol was used to ease the ability of the big firms to recruit. Now, however, the Protocol is also being used by advisors to break away on their own, and some Wall Street firms are taking steps to prevent that and weaken the Protocol in the process.

Financial advisers have known for some time that Americans have lost confidence in their ability to afford a comfortable retirement, but for confidence to plunge just as economic indicators were perking up?

Company officials said the enhanced platform will help its advisors build better relationships with clients and grow their books of business by using a business valuation tool developed by FP Transitions and business assessment and coaching services from practice management consultant Business Health.

Only 13% of investors surveyed said they were very confident they would have accumulated money enough by retirement to live comfortably.

The company has appointed a new complex director in Dayton, Ohio, and added four new financial advisors in Beverly Hills and San Francisco.

And 84% want solutions for calculating and creating retirement income, ING study finds.