Practice

The population may be aging, but that hasn’t gotten a lot of Americans to plan for retirement. About 71% of Americans lack a formal investment plan to help them reach their retirement goals, according to one study.

Total retirement assets fell to $17 trillion by the end of the third quarter, down 7.5% from the record high of $18.4 trillion that investors socked away in the prior quarter. The decline corresponded with a 13.9% drop in the S&P 500 during the third quarter.

A FINRA arbitration panel slapped a former Bank of America Merrill Lynch financial advisor – now with U.S. Bancorp Investments – with an injunction that will prohibit him from soliciting his former clients until October 2012.

After a decade marked by two severe bear markets, 401(k) investors have adopted a more balanced approach to their portfolios, according to a report from the Investment Company Institute and the Employee Benefit Research Institute.

Total retirement assets were $17.0 trillion as of Sept. 30, down 7.5% from a record high of $18.4 trillion as of June 30, the Investment Company Institute said Wednesday, attributing most of the decline to the 13.9% decline in the S&P 500 Index in the third quarter. Assets might have declined even further were it not for automatic contributions to 401(k)s, the ICI said.

After a decade marked by two severe bear markets, 401(k) investors have adopted a more balanced approach to their portfolios, according to a report released Wednesday by the Investment Company Institute and the Employee Benefit Research Institute.

For once, it’s the whippersnappers who are behaving more wisely. At least when it comes to saving, Generation X and Generation Y workers are more diligent than their peers.

Federal regulators unveiled a highly-anticipated proposal that details how they plan to regulate the largest domestic financial firms, including new capital and liquidity requirements.

The U.S. Attorney's Office for the Southern District of New York said that the former controller of accounts at Bernard L. Madoff Investment Securities pled guilty to four counts of falsifying records.

inShare WASHINGTON — Federal regulators Tuesday unveiled a highly-anticipated proposal that details how they plan to regulate the largest domestic financial firms, including new capital and liquidity requirements.