Practice

Putnam will join USAA, Columbia Management, Vanguard and Upromise, who also run 529 plans through Nevada. Columbia also manages an advisor-sold plan.

According to a survey, just 25% of plan participants who performed a rollover of $200,000 or more since the middle of 2008 rolled all or some of the assets into an account held by their existing plan provider.

At a Senate Banking Committee hearing, supporters of the plan argued that covered bonds are an untapped channel that could supply additional liquidity to the sluggish mortgage markets.

The lack of appointments to key jobs created by Dodd-Frank makes you wonder what the administration is thinking, and more specifically how much power Geithner is amassing.

Industry participants say brokers have made a lot of progress toward meeting new cost-basis reporting requirements from the Internal Revenue Service, which take effect in January 2011.

At 91%, the overwhelming majority of retail investors support a fiduciary standard for all financial advisers, according to a survey of 1,319 investors by Infogroup/ORC.

Almost three-quarters of voters are worried their savings won’t last retirement.

While the investment industry may be in two minds about how the SEC should proceed, investors are in no doubt that advisors should act in their best interest.

A new study by Ameriprise Financial finds anticipation has been replaced by hesitation.

U.K. firm is looking to increase U.S. presence, but it’s still not aiming for sheer size.