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Investors are lowering their expectations for their retirement lifestyles, but is that enough? Not according to a new survey from BlackRock.

Wall Street firms must slash pay and headcount and shed almost a third of their trading-business assets to earn even half the returns they once made, according to Sanford C. Bernstein analysts.

The annual promotions, which take effect Jan. 1, come one day after New York-based Goldman Sachs named 70 people to its so-called partnership, the fewest since the firm became a public company in 1999. Partners, also called participating managing directors, receive a higher salary than managing directors and share in a special bonus pool.

In part one of our two-part series on long term care planning, we looked at reasons behind long term care avoidance among Americans, according to Genworth’s “2012 State of Planning” survey. In part two, Pyschologist and Money Coach Dr. Barbara Nusbaum provides suggestions on how to put these difficult emotions of fear and anxiety to good use.

According to the 2012 State of Planning Survey commissioned by Genworth, Americans aged 35 and over have many excuses for why they don’t have a plan in place for their future long term care needs. In this first part of our two-part series on long term care planning, we look at reasons behind long term care avoidance among Americans.

Winners of Charles Schwab’s seventh annual Impact Awards were announced Thursday at Schwab’s Impact conference in Chicago. Walter Bettinger, Schwab president and chief executive officer, and Bernie Clark, executive vice president and head of Schwab Advisor Services, took the stage to present the three awards.

The Washington, D.C., based group announced Thursday it added Blaine F. Aikin, Arthur B. Laby, and Thomas C. Nelson to its board.

The agreement will help the bank fill the service gap that was left after it sold its brokerage unit, Morgan Keegan, to Raymond James earlier this year.

Bond funds had estimated inflows of $7.50 billion, compared to estimated inflows of $2.59 billion for the week ended Wednesday, November 7, according to data from the Investment Company Institute.

Virtually every independent financial advisor practice has a web page, and while an increasing number of advisors are seeking to make better use of other digital platforms such as Facebook, Twitter and LinkedIn, far too many still do not have a coherent digital marketing plan in place to complement their overall marketing strategy.