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Washington Wealth Management, a Middleburg, Va., based registered investment advisory firm, announced it hired Jordan Ball as a regional vice president for its newly opened Richmond, Va., office.

Bankrate.com said there is a surprising amount of interest among investors in liquid CDs, step-up CDs, and bump-up CDs.

A survey of 15 top U.S. banks and credit unions found when it comes to mobile payments, most are content to sit on the sidelines and see how this emerging technology platform plays out rather than take a leadership role that companies from other industries have quickly assumed.

There’s no doubt that starting an advisory business can be harrowing, but finding good people to eventually take over your business may be even harder, says John Brackett, a regional director with Financial Network Investment Corp.

More than 224,000 people who received passports in 2008 owed a total of over $5.8 billion in federal income taxes, but Congress would need to change the laws to enable the State Department to coordinate with the IRS on denying them passports, according to a new government report.

They are the Preferred and Income Securities and the Focused Equity funds.

And 50% of workers are not sure they will have enough money to live comfortably in retirement, EBRI survey funds.

While a slowdown in failures is consistent with an improving economy, and the FDIC says 2010 was a peak year for the recent crisis, many say there are still plenty of failures ahead.

Scott McCuaig stepped down from his leadership role at broker-dealer subsidiary Stifel Nicolaus & Co.

Forget retiring to a tony townhouse or a beach property in a warm climate. Clients are more concerned about having enough money for daily necessities, according to financial advisers polled by Sun Life Financial recently.A whopping 92% of advisers who responded to the Sun Life Financial study said their clients change their retirement income plans after retirement mainly to avoid running out of money, or to meet non-discretionary costs. More than one third, 34%, said clients adjust their plans to cover essentials, like unexpected healthcare costs. Just 21% said clients adjust plans to have more money for discretionary spending. Sun Life polled 477 financial advisers in March for the study.