Practice

Two industry veterans have struck out on their own to start a new fixed income broker-dealer firm.

The operations chief for Bernard L. Madoff Investment Securities and his personal assistant are petitioning a New York court to be released from jail.

Policymakers' focus on capital may be creating a false sense of security, and it may be overshadowing other, equally important issues that are central to preventing the next crisis.

The independent securities regulator has put to rest an eight-year-old dispute, finding no violations in Citigroup’s advisor recruitment from Oppenheimer.

Baby boomers are happy about everything – except for retirement, according to a new TD Waterhouse poll.

It is pretty accepted that our practices are best grown through referrals, and that beyond our clients it is important to cultivate centers of influence such as CPA’s and estate attorneys.

Putnam Investments has promoted Robert E. Alan to head of North American consultant relations and Keith E. Thomas to head of international consultant relations. The two will work with the consultants who advise institutional investors on investment strategy and the selection of managers.

The panel’s decision also sent a signal to broker-dealers that financial advisors should perform much more thorough due diligence on the soundness of companies issuing certain securities before allowing investors to participate in risky investments.

With expectations so low, plan sponsors are looking for assistance from retirement plan service providers.

Legacy replacement, mobile applications and better use of analytics are among the issues confronting insurers.