Practice

Paul Schott Stevens has been president and chief executive of the Investment Company Institute since 2004.

ON July 20, 2012, Target-date fund providers are taking two steps forward and three steps back, according to a new report by BrightScope, dubbed Popping The Hood V, 2012.

Financial services firms are broadening the scope of their retirement advice tools and planning a major push to help advisors understand them, according to a survey by Hearts & Wallets.

More and more affluent investors are looking to mobile devices to review finances and check up on their social media accounts.

Airgead Clann, a California independent investment advisor, announced they will proceed with a FINRA arbitration against Charles Schwab regarding the abrupt termination of their investment manager service agreement in October.

New analysis from a nonpartisan group shows that JPMorgan officials accounted for 18% of all industry meetings with the Fed concerning Dodd-Frank implementation over the past two years, while JPMorgan accounted for 17% of all meetings with Treasury. Goldman Sachs, which also held hundreds of discussions with regulators, focused mainly on the CFTC.

Many CPAs are passive in nature and afraid to ask clients to pay them extra for financial advice. Yet, often they are better positioned even than planners to suggest tax-efficient investment strategies.

Fidelity survey finds that wealthy investors are especially upbeat about consumer confidence and spending right now but still remain very concerned about real estate prices.

Ask Ed Slott: Your IRA Expert answers readers’ questions about the best way to pay for taxes resulting from an IRA conversion.

Advisors and firms need to get over their aversion to audits and, instead, use them as an opportunity to improve client service and internal efficiencies.