Practice

The Financial Planning Coalition has called on Congress to support the Securities and Exchange Commission in establishing a fiduciary standard of care for broker-dealers.

TIAA-CREF has committed $1 billion in seed capital to Covariance Capital Management, which will start investing in the third quarter.

Advisors are essentially small business owners, whose passion for their profession can easily consume everything else in their lives.

A FINRA arbitration panel has awarded former Merrill Lynch Co-President Ahmass L. Fakahany $1.2 million out of the more than $70 million in compensatory damages he sought from his former employer.

The basic roles and responsibilities of brokers, financial advisors and asset managers are in the early stages of what's sure to be a dramatic transition and the brokers and firms that are most adapt at adding new tools and technology will be the ones to prosper, according to a new report from Boston-based financial services consulting firm Financial Research Corp.

For the estimated million-plus folks who turned 70 1/2 years old last year, time is running out to take their first required minimum distribution from their various 401(k) and IRA accounts without incurring stiff tax liabilities.

Ahmass L. Fakahany was awarded $1.2 million by a FINRA arbitration panel after he brought a claim seeking more than $70 million from his former employer.

PALM DESERT, Calif. -- Baillie Gifford is an independent investment management firm based in Edinburgh, Scotland. At the end of 2010, it managed more than $113 billion in bond and stock portfolios.

Here is a rundown of five potential pitfalls in cost-basis reporting which Wolters Kluwer Financial Services says brokerage firms, mutual fund companies, transfer agents and even corporations should watch out for as the tax season for securities reporting peaks.

Eileen Rominger, in her first appearance as the SEC's director of investment management division before a gathering of members of the mutual fund industry’s largest trade group, said that compliance with existing and forthcoming rules as well as robust regulation of these is essential to achieving and maintaining the trust and confidence of investors.