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This week, IRA expert Ed Slott answers investors’ questions about selecting a beneficiary and distribution rules for inherited IRAs.

The investment bank announced Thursday that longtime Chairman Eric F. Billings will step down in June and that he will be replaced by the firm's president and chief executive, Richard J. Hendrix.

On April 26, 2012, BlackRock, Inc.’s iShares Exchange Traded Funds (ETFs) business has launched a suite of high yield corporate debt ETFs.

The lack of women on corporate boards and in executive suites in the United States is hampering profitability, and investors and investment advisors can do something about it, according to Joe Keefe, President and Chief Executive of Pax World Management and Pax World Funds.

On April 26, 2012, Prudential Retirement has four new plan sponsor clients: Clampitt Paper; the luxury travel agency Virtuoso; Fisher Auto Parts, and Trimac Transportation.

Women are so dedicated to nurturing clients, they often forget to take the time to think about where they are in their careers.

The Philadelphia-based wealth manager hired David Gaskin as chief operating officer to lead its growth strategy.

On April 26, 2012, Asset managers face nine major challenges as they work towards a rebound in 2012, according to a report released by the accounting firm PriceWaterhouseCoopers

According to a Schwab study, 45% of independent advisors are bullish about the market in the six months. However, a second, first-time survey of 504 high-net-worth investors found that only 29% are bullish about the market.

On April 26, 2012, Columbia Management hired the TCW Group to sub-advise one portion of a newly-launched multi-manager bond fund.

LinkedIn is the hands-down preferred mode of social networking for advisors, because it offers plenty of resources to gather client leads and personal privacy.

Wunderlich Securities has added six Equity Capital Markets professionals from Morgan Keegan. Of the new hires, four are located in Wunderlich’s Memphis headquarters while the other two are in the Institutional Sales Department in New York City.

To become the industry’s SRO, FINRA estimates it will cost roughly 15 times less in start-up costs than estimates in a study commissioned by the Financial Planning Coalition, which includes CFP Board, FPA and NAPFA.

The Chicago-based company has bolstered its wealth management team in with the addition of veteran advisor Brian Heilman.

At a financial forum organized by Paris Europlace, Citigroup Vice Chairman Lewis B. Kaden gave his view of five positive contributions from reform proposals under development in the U.S. and in Europe and his take on five areas that will require "a great deal of future study." Here they are.

April 26, 2012. State Street Global Advisors Actively Managed ETFs. “The goal is obviously to outperform” market returns and market benchmarks, in general, said Jim Ross, president of SSgA Funds Management.

It's been four years since the management team at Neuberger Berman decided to spend $922 million in order to acquire a majority interest in their firm and the fixed income and alternative asset management businesses of Lehman Brothers' Investment Management Division in the wake of Lehman's collapse.

Financial advisors meeting with female clients need to know their silence does not mean they do not understand, and nodding does not mean they agree.

Stephen D. Fisher, former senior vice president and deputy general counsel of Fidelity Investments, has joined Ernst & Young LLP’s Asset Management tax practice.

Total assets under management for target maturity funds reached a record high in the first quarter of 2012, or $429 billion, according to a Morningstar report.