Practice

Fidelity fielded a study that found 75% of the broker-dealer and registered investment advisory firms are planning to hire up to 30% more employees over the next 12 months.

After navigating their portfolios through some very difficult investment waters in recent years many ultra high net worth investors are now adopting a more laissez-faire approach to their investments, leaving the day-to-day details to their financial advisors.

FINRA Chief Executive Richard Ketchum said firms need to have strong internal vigilance as the self-regulatory organization plans to step up its examination processes.

And many are distrustful of unscrupulous financial services and insurance companies.

The atmosphere at the hearing reflected how polarizing a figure Warren has become, being portrayed either as a symbol of overreaching government or a defender of the consumer.

Now that Bank of America has bought itself out of a massive class action over the sorting of overdraft fees, its fellow banks need to decide if they hold an advantage that B of A did not.

The broker industry’s chief regulator said Tuesday that its examiners will spend more time on “open-ended thematic reviews” that can identify where controls on financial risks break down.

Near-retirees and retirees are very uncertain about their future, and many are afraid they will live in poverty, a survey of more than 300 Baby Boomers by Financial Engines found.

The Financial Industry Regulatory Authority fined Chicago-based Nuveen Investments $3 million for creating and distributing misleading brochures to promote the sale of auction rate preferred securities.

Lincoln Financial Group unveiled Lincoln InStep, an educational program for retirement plan participants designed to raise advisors awareness of products, services and strategies to help defined benefit contributors maximize their retirement savings investments.