Practice management

The advisor allegedly used client money to buy a $3.35 million beach resort being developed by a relative.

The odds of being single at some point during retirement are high and present unique challenges for both “ever single” retirees who never married and for those who become “suddenly single” in retirement due to divorce or death of a spouse. In fact, 43 percent of Americans age 65 and older are single due to divorce, having never married, or the death of a partner.

The new process will be partially electronic, the proposal suggests, to eliminate current deficiencies and delays.

Steve Sanduski, The Prosperous Advisor, offers up five suggestions for financial advisors who have successfully grown their business for years but now find themselves stuck and unable to achieve the level of success they truly desire.

Investment Technology Group said it released an algorithm that will capture matching orders in the opening auctions of the New York Stock Exchange and Nasdaq Stock Market.

Goldman Sachs said it expanded its suite of algorithms for electronic trading in Brazil, as a part of a “firm-wide focus’’ on the South America market.

For many planners with high-net-worth minimums for their clients, target-date funds don’t make sense for a variety of reasons. But in the right circumstances, they can be helpful tools.

The Public Company Accounting Oversight Board has voted to issue for public comment a proposed auditing standard on related-party transactions, and to amend standards on significant unusual transactions and auditors of broker-dealers.

An arbitration panel shot down a claimant’s request for up to $2.9 million for allegedly botched investments tied to private placements and Ponzi schemes last week, and instead ordered her to pay almost $136,000 in costs and expert witness fees.

As banks nationwide struggle to process troubled assets off their books, middle market companies have not been able to get the loans they need to grow. Private money is stepping in to fill that gap – and providing yields that planners are seeking for their HNW clients.

Many investors put off making final IRA contributions until the last minute, and now Fidelity Investments has an app for that.

The first 725,000 Smith Barney customer accounts moved over to a fresh Morgan Stanley system over the President's Day Weekend. Algo-driven, personalized training of financial advisors and client support personnel is key to the move of records involving nearly $1 trillion in assets.

UHY Advisors, known as a tax and business consulting firm, is branching out into new territory with the hire of two estate planning specialists.

Insurers will need to rethink product offerings as policymakers are now looking beyond the once-vaunted 401(k).

Wedbush Securities has launched a trading platform provider that the firm says will dramatically speed up trades for fund managers and other institutional investors, as well as give them better control over their transaction costs.

Many small business owners are unprepared for retirement, with a third of the women and a quarter of the men in a new survey having no estimate of how much they will need when they retire.

Portfolio management and accounting software supplier Tradar said it is working with financial data aggregation and reporting software supplier Nedelma to launch a mobile portfolio reporting app that can be accessed via the iPad and other tablets.

Helping clients identify and separate sources of income to face the challenges of getting older.

Being a problem solver is the key to success.

The president of Practice Development Counsel discusses working with multiple generations.