Princeton Financial Systems of Princeton, N.J., has created a new service called PAMConnect that gives customers remote access to Princeton's PAM system. PAM is a Windows-based portfolio accounting and management system used by 300 mutual funds and other institutional investors. Through PAMConnect, clients can now connect to Princeton's data center through dial-up connections using frame relay, leased lines or the Internet. Before, Princeton Financial clients would have to install PAM software at their own site. PAMConnect permits clients to out-source their data center maintenance to Princeton Financial without clients being aware of it, said Gordon Gacek, a spokesperson for the firm.
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From buried treasure to a "hot shot" hauling business on the road, advisors share the client retirement plans they never saw coming.
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In a series of webinars and journal articles, two lawyers and a financial planner are leading a collaborative discussion about how estate planning professionals can better serve African American clients and, in turn, all customers.
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As college costs rise, some clients who fear their children taking on early debt make too much to qualify their children for aid, but not enough to pay for school outright.
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With three years of market appreciation buoying most advisors' revenue generation, Morgan Stanley says: Produce a bit more or see a small pay cut.
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Brokerages applaud a new rule that will relieve them of the obligation to monitor advisors' side gigs such as driving for Uber or bartending. But regulators say they still have plenty of obligations to monitor outside business activities.
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A new Vanguard and Escalent survey finds advisors are still using AI mostly for administrative tasks like meeting notes, even as firms plan to pour $1 trillion into the technology globally this year.
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