Practice

One of the most interesting things to come out of this conversational thread about the regulators is the amount of fear advisors are expressing about speaking openly.

Robert M. Jaffe has been ordered to pay $1.1 million plus interest to Turbo Investors LLC

Putnam Investments announced Thursday that the Lifetime Income Analysis Tool it developed for 401(k) plans to show investors how much monthly income their savings will deliver, has motivated investors to increase their retirement savings rate by an average of 23%. Participants can use the tool to change their retirement date, portfolio mix and contribution rate to immediately see the impact.

While healthcare costs are inevitably going to rise in the future, a 65-year-old couple retiring in 2011 will likely spend $230,000 on healthcare throughout their retirement, Fidelity estimates. This is an 8% decline from the $250,000 retiring couples in 2010 will need, due to recent changes in Medicare, Fidelity said.

Regulators and small bank advocates seem to be losing the psychological battle over the Dodd-Frank Act, despite recent efforts to calm bankers.

Wealthy investors apparently unnerved by rising oil prices and the potential for higher interest rates and inflation now say they are much less confident about the stock market and the broader economy than they were just one month ago.

A year into its existence, the size, knowledge and dedication of the SEC's special asset management enforcement unit is going to spell “trouble with a capital T’’ for fund managers of all stripes, according to experts at the final general session of the 2011 Investment Company Institute Mutual Funds and Investment Management Conference.

The investment professionals will work from Citi’s Philadelphia office, focusing on ultra high net worth individuals, foundations, endowments and private business owners.

A FINRA panel has put Robert M. Jaffe, an embattled former broker who worked with Ponzi scheme mastermind Bernard Madoff, on the hook to pay $1.1 million in compensatory damages to Turbo Investors LLC.

Robert M. Jaffe has been ordered to pay $1.1 million plus interest to Turbo Investors LLC.