Subject Root Tag

Steven Prediletto of Merrill Lynch says he was first impressed by the financial advisory industry from observing his aunt, also an advisor, when he would spend his summers visiting New York while he was growing up in the 1980s.

As many as two-thirds of organizations are said to be ineffective or inefficient in some capacity. Sometimes the inefficiencies are brought on by laziness -- other times they are the result of a massive corporate scandal.

Few advisors could imagine running their business without email, but many probably wish they could run it with a little less email.

The most vulnerable groups were singles, households with no pensions, African-Americans and Hispanics.

Frankfort, Ky.-based Commonwealth Credit Union, the largest of the three, has $929 million in assets. L&N Federal CU and Glendale Area Schools Federal CU have $786 million and $324 million in assets, respectively.

The Internal Revenue Service said Tuesday that taxpayers need to report Roth individual retirement account conversions from 2010 on their returns this tax season.

Rye Brook, NY-based IndexIQ is currently prepping a pair of index funds to add to its growing list of index exchange-traded funds.

According to The Global Survey of Investment and Economic Expectations, fund managers are "more optimistic" about the prospect for equity returns. However, they continue to view world growth and medium-term government bonds with hesitation, as they still expect a sovereign debt default in the Eurozone and fear weak fiscal situations in the U.S., U.K. and Japan.

Last week was a busy one for both active and passive exchange-traded fund providers with five fund launches and one updated filing of an actively managed fund from a mutual fund stalwart.

Yes, mutual funds have been outshining exchange-traded funds, so far this year.

"Guarded optimism" is how a new survey from Towers Watson characterizes fund managers' views on investing in 2013.

Men and women 35 – 64 with income of $150,000 - $249,000 may represent the ripest sales opportunities for advisors, according to poll by Nationwide Financial.

Bill Gross’ bank account may be $2 million lighter but it’s going to a good cause.

The good news: ultra-wealthy individuals tend to put their trust in wealth managers. The bad news: most, still cautious after the Financial Crisis, tend to prefer using multiple advisors.

Bank of America Merrill Lynch saw record new financial benefit plan assets in last year as it plans to strengthen that growth with a bigger push into the investment bank in 2013.

Forward Management welcomes a macro strategist and portfolio manager to its investment team.

MIAMI - Does your CEO tweet?

The organization announced Tuesday that Linda Leitz, a fee-only planner based in Colorado Springs, Col., is set to become its chairwoman in September, and will serve as chair-elect until that time.

The firm has added a team with $650 million in assets to build a presence in the City of Brotherly Love.

Rye Brook, NY-based IndexIQ is currently prepping a pair of index funds to add to its growing list of index exchange-traded funds.