Practice management

Morgan Stanley Investment Management agreed to pay $3.3 million in a case involving billing for subadvisory services in Malaysia that the SEC said were not rendered.

Not only do Americans expect to work longer to save enough for retirement, they expect to work way longer. New research by Wells Fargo shows that the anticipated retirement age has now stretched as much as 15 years past age 65.

It’s perhaps the ultimate irony when a financial advisor files for bankruptcy. But the CFP Board finds it is happening more and more often. Of 103 disciplinary hearings the board held last year, an estimated 25% of planners involved had filed for bankruptcy. In 2011, that number jumped to about a third.

Fidelity has rolled out the next-generation of its Fidelity Investments for iPad app, available for free at the App Store or by updating an existing Fidelity iPad app.

Banks may be on shaky ground, but 43% of Americans see them as a trusted source for retirement advice, according to a survey by Hearts & Wallets. This is an increase from 41% a year ago.

Investors and financial executives are increasingly feeling overloaded by the volume and complexity of financial disclosure information in annual reports and other financial filings, according to a new study.

UBS Financial Services Inc. was fined $300,000 by FINRA for failing to supervise and prevent excessive cross-trading of municipal securities between the customer accounts of one broker for a two-year period.

Bank of New York Mellon said it would cut $650 million in costs over the next three years and be prepared to settle disputes involving its fees for foreign exchange transactions.

More than a third of high-net-worth individuals don't have confidence in their beneficiaries to handle their inheritance responsibly, according to a new study by Barclays Wealth.

The Chase unit recommended risky investments to unsophisticated investors with little or no risk tolerance, FINRA said.

Not all Wall Street professionals will see a pay cut. Advisors and private bankers working directly with high net worth clients will likely see bonuses that are flat or even 5% higher.

Only 4% of plan sponsors have established goals to engage workers younger than 35 in their defined contribution plans, even though they know the younger generation's participation and contribution rates lag their older colleagues, a survey by Greenwich Associates for Northern Trust finds.

Prudential Retirement has launched a website dedicated to assisting plan sponsors and advisors help Americans put aside the money they’ll need for retirement and guarantee a sustainable source of income throughout its duration.

Affluent investors are very much in tune with the state of the nation and, except for some attractive stock valuations, they don’t like what they see. That was the main finding of a survey that Fidelity Investments took of 3,000 affluent investors, polling them in person or via a webinar at an Inside/Out Roundtable at 85 Fidelity Investor Centers nationwide.

Deutsche Boerse CEO Reto Francioni said there is little overlap in trading conducted on its Eurex derivatives exchange with that conducted on NYSE Euronext’s Liffe exchange.

The SEC has accused Chetan Kapur, a manager of a fund of hedge funds, with deceptive conduct in investing in hedge funds that are either Ponzi schemes or fraudulent.

Marketing expert Marie Swift says its time for bloggers, tweeps, LinkedIn and Facebook addicts to take a timeout and realize that while building a positive online presence is important, it’s also crucial for financial advisors to think about their overall business image.

CLS Investments, a leading independent third-party money manager, is preaching the gospel of engaging with investors on new platforms ranging from apps for tablet computers and smartphones to online video commentaries and social media sites like Facebook and Twitter.

So it is coming down to this: a capital buffer or -- hold on to your portfolio P&L -- a floating net asset value.

CPA allegedly violated injunction from practicing before the SEC by auditing broker-dealers.