Practice

The wide availability of data in the media and on the Internet has not made the decision of how to plan for retirement any easier, said Timothy Noonan, managing director at Russell Investments, during the keynote address at the Financial Behavior in Retirement Summit in Chicago Monday.

While concerns about not being able to pay for healthcare in retirement have abated somewhat to 23% of Americans, down from 30% in 2006, more people, 19%, are worried about having to work longer to supplement retirement savings, up from 12% in 2006, according to a survey of 1,008 people conducted by Opinion Research Corp. for Edward Jones.

Retirement is top of mind for a majority of pre-retiree Baby Boomers between the age of 50 and 60, Charles Schwab found in a recent survey.

Ninety-two percent of wealthy investors are actively looking for market opportunities, according to a U.S. Bank survey.

The Philadelphia wealth manager hired Susan P. Mucciarone as a senior vice president and director of wealth services.

The initial reactions among financial services companies to the Dodd-Frank Wall Street Reform Act have been trepidation and fear.

UBS named Karl Ruppert as the director of a complex with 66 advisors and $5.3 billion of assets.

While 90% of wealthy business owners give to charity, only one-fourth of entrepreneurs say their financial advisor helps them plan for it.

More IT spending will shift its strategic use to better understand customers and markets, boost sales opportunities, survey says.

Considered to be a deal broker and careful listener by those who have worked with him in the past, Joseph Smith won near-universal acclaim as Obama's pick to lead the FHFA.