Practice

Negative sentiment weighs down healthy savings rates in the third quarter, trend firm First Command finds.

While many advisors are on a behavioral finance kick right now, they don’t necessarily practice the emotion-free rationality they preach to clients.

Americans are underutilizing their 401(k)s, according to a survey of 1,000 participants by the ING Retirement Research Institute. Eighty-seven percent admit they could save an additional 1% of their annual salary, 59% said they could increase it by 3%, and 53% could bump it up by 5%. And for 64%, their 401(k) or other employer-sponsored retirement plan accounts for all, if not the majority, of their retirement savings.

Even though Americans know they are responsible for their retirement and are not confident about the future of Social Security they still save less than they know they should.

Rep. Ed Royce clearly sees himself as a stronger leader at a critical time for his party and the financial services industry.

Glenmede Trust's office in New York has helped provide a quick asset boost in the wake of the market crash. The Philadelphia firm has added about $2 billion to its assets under management since the end of 2008, for a total of $18 billion.

WASHINGTON — Two different interpretations of this week's historic midterm elections emerged on Wednesday, with both sides competing to say how the vote would impact the financial services world.

While older baby boomers are entering retirement, younger boomers are struggling to prepare themselves for life beyond work and are trying to gain control of their financial futures.

Two different interpretations of this week's historic midterm elections emerged, with both sides competing to say how the vote would impact the financial services world.

Valli Kindred and Chad Stephens together manage $170 million, from which they generated $1.7 million in production, according to the company.