Practice management

The Investment Adviser Oversight Act of 2012 is meant to address what proponents say is a serious gap in investor protection. Sure enough, industry groups from all side are weighing in on whether the idea will help or hinder the profession.

When the Women Advisors Forum conference kicks off in New York Thursday, it will feature a popular panel featuring four female financial advisors who have risen through the ranks, gathered substantial assets and learned key lessons along the way.

In a move expected to draw the ire of some advisors, House Financial Services Committee Chairman Spencer Bachus (R-Ala) introduced legislation in the house Wednesday that could clear the way for FINRA to become the self-regulatory organization for retail investment advisors.

Ignore the rhetoric from both sides on the issue. The odds that the business lending bill will be enacted this year are significantly slimmer than they were just last week.

RBC Wealth Management, a division of the Royal Bank of Canada , said on Tuesday it hired four veteran Morgan Stanley Smith Barney brokers in Texas, including a top Morgan Stanley bond salesman.

Six teams officially joined HighTower in the first quarter, all transitioning from wirehouse firms, while an undisclosed number of others are now in the transition process. In 2011, a total of nine teams transitioned to HighTower.

“SIFMA’s views are not supportable and would make a mockery of the fiduciary standard,” according to The Institute for the Fiduciary Standard in a letter to the U.S. Securities and Exchange Commission.

The regulator cited the Egan-Jones Ratings Company and its president Sean Egan for “material misrepresentations and omissions” in its 2008 application to become a national ratings agency.

Ameriprise Financial has bolstered its adviser base in Florida and Indiana with two veteran advisers from Morgan Stanley Smith Barney and Fifth Third Securities.

Federico R. Buenrostro, former CEO of the California Public Employees' Retirement System, and a friend fabricated documents given to New York-based private equity firm Apollo Global Management, costing the asset manager $20 million in “fees it would not otherwise have paid,’’ the federal regulator said.

You’re never too young to start planning for your retirement and most financial planners bemoan the fact that clients often wait too long to start saving for their golden years. Here’s an interactive slide show counting down five things 20-somethings can do today to ensure they have the means to retire in the style when the time comes.

Although the initial outlook is shaky, the reality is actually less dire, especially for Social Security, according to advocates of the retirement insurance program.

The government's retirement benefits programs will run out of money three years earlier than previously thought, its trustees said on Monday, increasing the pressure on lawmakers to reform the federal safety net for millions of Americans.

Here are 10 ways advisors can set themselves apart in a crowded market.

Christine Gaze will focus on building and maintaining TD Ameritrade's array of practice management programs designed to help independent RIAs.

It has always been important for advisors to build and manage their brand. But the proliferation and popularity of social media makes minding your online reputation more essential than ever.

Financial reform will lead to a new emphasis on credentials in the financial services industry, which puts the Investment Management Consultants Association in a good position, says IMCA Executive Director and Chief Executive Sean Walters.

Online and mobile social connectivity is now fully integrated into the modern way of life for your clients. If it is important to clients, it should be important to advisors, says Mike Langford, senior social business strategist at Socialware.

Two British twins in their teens bilked $3 million from American investors and stock promoters with tales of using a sophisticated bot to pick stocks, according to the U.S. Securities and Exchange Commission.

Advisors feel that social media is a "wise use" of asset managers' time and resources and just over one-third believe asset management firms are "not yet seeing the value" of social media.