Practice

Stockbrokers routinely succeeded in erasing settlements of customer complaints from their regulatory records in the wake of 2008’s market turmoil, making it harder for investors to research the money managers, a group of plaintiffs lawyers said.

Generation X and the younger Generation Y—unlike Baby Boomers—see banks as places where they want to both do their banking and manage their investments.

After selecting an asset allocation for clients, locating assets where they are most tax-efficient is critical.

The agreement would end the 16-day-old government shutdown and extend U.S. borrowing authority, which lapses tomorrow. House Republicans today signaled that they will allow it to pass. The biggest remaining question is how quickly the agreement could become law. The first votes could be held as soon as today.

The firm must turn over internal gender-bias complaints by female workers to lawyers representing women in a lawsuit alleging the firm discriminated against them in pay and promotions.

The deal, which would bring the bank’s total settlements in the episode to more than $1 billion, may be announced as early as this week.

Advisors seeking to connect with the younger generations of wealthy households may want to consider doing things a little differently than they have for their boomer parents.

There are many ways to tilt portfolios toward small cap and value. Here are three alternatives for portfolio construction.

Tax treatment, good or bad, can make or break an investment decision. Are you helping your clients avoid these common blunders?

How can you tell whether your own goals are appropriately aggressive? Two things helped new solo advisor Dave Grant understand this.