Fidelity Investments of Boston, DLJDirect of Jersey City, N.J., Charles Schwab Corp. of San Francisco and Speer Leeds & Kellogg of New York plan to launch an electronic trading network. Such computerized trading networks anonymously match buy and sell orders. The companies, which have signed a letter of intent to undertake the project, have not yet named the new venture. It will be the tenth electronic communications networks formed so far.
A prenup can start a couple's money conversation, protect an inheritance and even shape what happens if a surviving spouse remarries.
In their "bridge to wealth" study, Cerulli Associates and Morningstar look at how advisors can turn defined contribution plan participants into individual wealth management clients.
Drive time with Alex Lundgren and other financial advisors helped spur a niche serving Micron employees in Idaho.
Financial Planning is seeking candidates under the age of 40 for its annual awards recognizing advisor employees at both wirehouse and regional firms for industry-leading production.
Many wealthy retirees hesitate to spend their savings. Advisors share how budgeting and cash flow planning help clients enjoy their wealth.
Despite common assumptions, child-free clients have plenty of planning complexity. Advisors shared their approach to planning for this demographic, from encouraging "no-kid dividends" to building care teams early.
