Public fallout from the data breaches that have affected Citigroup and other large enterprises has reached the political push back stage. Sen. Patrick Leahyhas introduced the Personal Data Privacy and Security Act of 2011, which would bring federal criminal charges against enterprises that don't disclose breaches to individuals in a timely manner via mail, telephone or e-mail. Media notices would be required for breaches involving 5,000 or more people. And the FBI and Secret Service would need to be notified if the breach affects 10,000 or more people, compromises databases containing the information of 1,000,000 or more people, or impacts federal databases or law enforcement. In the House, Rep. Mary Bono Mack has introduced a similar bill requiring disclosures to victims within 48 hours of a data breach.
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The AI firm Jump used notetaker data to analyze thousands of discussions between advisors and clients. The results show advisors aren't as good at keeping their mouths shut as many think.
September 1 -
After his firm agreed to one of the most impactful deals in wealth management of 2026, Altruist CEO Jason Wenk sat down with FP to discuss the negotiations, his firm's strategy and the new tool he says can build higher-quality plans in much less time.
September 1 -
The late singer and business mogul gave prodigiously throughout her life. Parton's example can tell advisors a lot about how to plan estates, especially for child-free clients.
September 1 -
The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.
September 1 -
Many advisors want asset managers to do more than provide access to investments. A new Cerulli report suggests they should emphasize practice management strategies rather than business growth.
August 31 -
Borrowing against art can offer liquidity without triggering capital gains, but high costs keep it from becoming a first-choice strategy.
August 31









