Practice

Donors gave to Fidelity’s donor-advised fund in record numbers in 2010 - a sign of the critical role donor-advised funds are playing in charitable giving.

The Bank of America-owned private wealth management business has added five new advisors to its southeast and eastern divisions in its bid to serve ultra-high net worth clientele.

A group of House Financial Services Democrats are raising questions about whether taxpayers will be fully protected under the terms of a recent settlement over poorly underwritten loans held by Fannie Mae and Freddie Mac.

Schwab will pay $118 million to settle the charges.

The Securities and Exchange Commission charged Charles Schwab with making misleading statements about its Schwab YieldPlus Fund. Schwab agreed to pay $118 million to settle the charges.

The economic crisis has brought personal finance front and center, for Americans as well as others throughout the world, the ING Retirement Institute Research Institute found.

MSSB and Wells Fargo have reached into each other’s advisor forces for two new wealth advisor appointments

Four out of five organizations that currently include money market funds in their short-term investment portfolios would drop them if a floating net asset value were to become a reality, according to a survey by the Association for Financial Professionals.

The Independent Directors Council on Tuesday urged regulators to preserve the $1 net asset value of money market funds, saying a floating NAV would not reduce systemic risk in any meaningful way.

It’s a nerve-wracking jolt into the electronic age, but converting your paper files to bytes streamlines both your client services and your compliance readiness.