Practice

A California firm is building portfolios that help boomers generate predictable income.

AARP research finds that even fewer employers have adopted automatic escalation.

Those with succession plans favor turning the firm over to key employees.

Chairman Mary Schapiro recently told the Business Roundtable that the regulator is looking at proxy firms and the OBO/NOBO (“non-objecting beneficial owners”) systems.

The Securities and Exchange Commission is preparing a concept release on proxy firms and their OBO/NOBO (“non-objecting beneficial owners”) systems, Chairman Mary Schapiro recently told the Business Roundtable. The SEC aims to revise the proxy access rule by 2011.

Morgan Stanley denied the widely circulated news report that it planned to cut 300 branches and 1,200 jobs. The company had confirmed previously that it had a round of 200 layoffs just before Memorial Day.

Let the game begin! With MSSB's move, can Merrill be far behind?

Upper quintile earners that are over 65 still derive 40% of their income from work, which means new assets for advisors to tap.

The goal is to strengthen national sales.

An IRS agent has been charged with soliciting and accepting a $9,700 bribe from two business owners in exchange for lowering the amount of taxes they owed.