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Touchstone has much to be thankful for going into the holidays next week with a special three-year anniversary for five of its funds.

The PIMCO Global Multi-Asset fund dropped one notch to a Bronze rating from a Silver rating, while the BlackRock Small Cap Growth Equity fund jumped one notch to a Neutral rating, exiting Negative territory, according to Morningstar.

Financial advisors often handle getting their clients’ affairs in order in case they die, but when it comes to succession planning for their own practices, that is often another matter entirely.

President Obama met with congressional leaders at the White House on Friday to negotiate over the expiration of the Bush tax cuts and the looming problem of the so-called “fiscal cliff,” with the leaders agreeing that the meeting had been constructive.

These days, it seems like all the media can talk about is whether or not Republicans and Democrats in Washington can come to an agreement over the so-called “fiscal cliff”. But what exactly is it?

Three years ago, Shannon Ryan of Manhattan Beach, Calif., left a position training and overseeing advisors with Ameriprise to return to full-time planning herself. The veteran of a successful planning practice years earlier on the East Coast, Ryan realized that her neighbors in California knew her mainly as the mother to two young daughters.

FTSE Group is furthering its relationship with Vanguard by licensing two more indices: the FTSE Canada High Dividend Yield Index and the FTSE Canada All Cap Real Estate Capped 25% Index, to Vanguard as the basis of two new exchange-traded funds to be listed on the Toronto Stock Exchange.

Greenspan said, "If we get out of this with a moderate recession, I would say that the price is very cheap."

PIMCO continues to dominate the active exchange-traded funds space in terms of assets and market share.

The firm promoted Garrett Alton, a managing director of sales for Georgia, to a newly created role overseeing the firm’s sales teams in key Central and Mid-Atlantic U.S. markets.

More than half (55%) of Americans age 53 – 65 say they plan to continue working full-time as long as their health permits, up from 51% last year.

Total money market mutual fund assets decreased by $2.54 billion to $2.575 trillion for the week ended Wednesday, according to data from the Investment Company Institute.

Another strong week of inflows for municipal bond mutual funds indicated sustained heightened demand for munis. Funds that report their flows weekly recorded inflows of $706 million for the week ended Nov. 14.

Tom Hoenig, a FDIC board member, reiterated his doubts that too big to fail has been eliminated, and offered his prescriptions for strengthening the system.

Securities America announced Thursday that managing partner of Kelley & Mullis Wealth Management, Michael Mullis, has become a registered representative with the independent broker-dealer firm.

Lisle Savings Bank, with over $516 million in assets, joins more than 150 other banks and credit unions, and more than 1,100 representatives nationwide also supported by Invest, a subsidiary of the independent broker-dealer network National Planning Holdings.

More than a thousand financial planners from around the country descended on Chicago for the Schwab Impact conference. The event gave them a chance for them to gain market intelligence, schmooze with peers, shop for new technology, check out new investing products and learn a few smarter ways to run their business.

Reaching multi-million dollar success as a female financial advisor is all about carving your own path. That is what four multi-million dollar female financial advisors said at the Women Advisors Forum in Newport Beach, Calif., on Thursday.

When it comes to talking about retirement, eldercare, and inheritance, parents may be from Mars while their grown children might as well be living on Neptune.

Each generation has distinct characteristics that inform the way its members like to communicate and connect with other people. Naturally, most people approach others the way they’d like to be treated, but that doesn’t cut it for advisors working with clients from a different generation, said Cam Marston, a generational characteristics expert and consultant with his firm, Generational Insight.