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Advisors take heed: Investment firm UBS Wealth Management is announcing a reduction in its recommendation for equity weightings in portfolios from “neutral” to “moderate underweighting,” with a corresponding increase in cash holdings.

By tapping into the psychology of why many clients resist financial advice, planners can help them conquer self-defeating beliefs that may block financial success.

August’s mutual fund outflows reflected investors’ jittery mood, with money pouring out of most investment categories.

We finally have some numbers to attach to all the discussion surrounding social media for financial advisors. The people at Nielsen (the same people who measure television audiences) recently released a report detailing social media use in the US. The report is rich with actual numbers and data. While you can read the report yourself, I thought it might be helpful to hit some of the highlights here.

An auction of the deceased actor’s memorabilia, clothes and other property recently garnered more than $1 million but none of his five children, including actress Jamie Lee Curtis, have yet to receive a dime. And, from most indications, that’s exactly the way the “Some Like It Hot” star wanted it.

J.P. Morgan’s Worldwide Securities Services plans to expand its direct custody and clearing business in Brazil and Russia.

Invesco has launched the PlanForward Consulting Series, aimed at helping 401(k) advisors and consultants “build a compelling value proposition and enhance their brand recognition.”

GuidedChoice has created a retirement plan “reality check” for participants to see how well prepared they are for retirement and how much income their savings will produce. The program also guides them to save more and offers access to professional advice.

PNC has launched the PNC Wealth Insight tool to allow high-net-worth clients see an aggregated, enhanced view of their assets.

Prediction: the Federal Reserve Board will let Capital One Financial Corp. buy ING Direct USA. Why? Because blocking it would doom every financial firm larger than Capital One to a stagnant future and send a chilling message to any foreign firm with a presence here.

President Obama announces a sweeping long-term deficit reduction plan that includes a proposal calling on federal employees to shoulder more of the burden of funding their retirement plans.

Citi Private Bank has formed a new group to expand its work with Asian clients in North America and named current Managing Director Ida Liu to head the group.

Investment advisor advocates are breathing easier after the Department of Labor announced Monday that it has pulled its current proposal on the definition of a fiduciary off the table. The agency will take up the issue in early 2012 and repropose a fiduciary definition after more industry input.

Investment advisor advocates are breathing easier after the Department of Labor announced Monday that it has pulled its current proposal on the definition of a fiduciary off the table. The agency will take up the issue in early 2012 and repropose a fiduciary definition after more industry input.

A group of regulators and lobbyists speaking at an industry conference this weekend laid out a possible timetable for the implementation of new Dodd-Frank-related regulations affecting financial planners.

In a period of high market volatility like now, many mutual funds can be capital gains time bombs for investors including those buy-and-hold types who do just as their advisors recommend and sit tight while everyone else is fleeing the market.

GuidedChoice has created a retirement plan “reality check” for participants to see how well prepared they are for retirement and how much income their savings will produce. The program also guides them to save more and offers access to professional advice.

Invesco has launched the PlanForward Consulting Series, aimed at helping 401(k) advisers and consultants “build a compelling value proposition and enhance their brand recognition.”

News of a possible double-dip recession and extreme stock market volatility prompted 40% of Americans to reduce their spending in the past 60 days, according to the September Bankrate Financial Security Index.