Practice management

With all the talk about Americans not saving enough for retirement, New York Life Insurance Company announced on Monday a new type of deferred income annuity that allows individuals to create a “personal pension” to ensure retirement income.

Morningstar has added sophisticated asset allocation and forecasting functionality to Morningstar Direct, its investment analysis platform for institutional investors.

The tech team at Fidelity Institutional Wealth Services has come up with a new way to help prevent independent financial advisors from enjoying their vacations: a new smartphone app that allows them to open client accounts and do electronic trading for clients from anywhere.

Financial advisors who position themselves well by be being frequently seen in the public eye -- either in print, on TV, on the radio or writing online columns likes this one -- can build the perception that they're professionals who can be trusted.

Working as both a financial planner and a business consultant allows Phil Dyer, founding principal of Dyer Financial Advisory in Towson, Md., to serve his clients’ many needs.

The new route will lower trading speeds between those two cities and also allow banks, hedge funds, brokers and other financial services institutions to execute trades faster with exchanges in Zurich, Milan, New York and Chicago that are also connected to the Level 3 network.

Many consumers don't know what near-field communication is, but the services the technology enables are becoming quite popular. That puts an onus on mobile payments projects that use NFC to move beyond disputes over revenue and other issues.

After months of complaints to Congress about overzealous examiners, frustrated community bankers took the matter one step further on Friday by pressing a House panel to pass legislation that would force regulators to be more lenient.

American workers lapsed into investing inertia after the market collapsed in 2008, but standing still actually benefited many and helped their workplace retirement plan balances rebound by 31% between 2007 and 2010, Vanguard said this week.

SIX Swiss Exchange and Liquidnet said Thursday they had launched a trading platform that will allow global financial institutions to draw on five previously untapped European markets in finding buyers or sellers.

Wealth management firms are risking losing clients to competitors, losing a chance to gain new business through client referrals and are missing opportunities to deepen relationships with existing high-net-worth investors, according to a new study by Aite Group, an independent Boston-based research and advisory firm focused on the financial services industry.

According to a new Barclay's Wealth report, emotional trading can cost even the most well-heeled investor about 20% in returns over a decade. Still many persist in making too many trades in the pursuit of huge returns.

The New York-based independent broker-dealer wanted something homegrown and less convoluted compared with some of the other social media systems it had explored.

Yes, the 34,000 customer records lost last month by Morgan Stanley Smith Barney is a shadow of the 100 million customers affected by the repeated break-ins to the Sony Playstation Network this year.

The Technical Committee of the International Organization of Securities Commissions Wednesday published a Consultation Report aimed at developing recommendations to mitigate risks posed to the financial system by technological developments, such as high frequency trading.

Continued scrutiny by regulators and legislators on the fees and outcomes of 401(k)s and other defined contribution plans is pressuring revenues at asset managers, advisors and recordkeepers and will shape the future of the DC retirement plan market, according to a new study from Financial Research Corp., “Trends in Retirement/401(k) Plans and Administration.”

Morgan Stanley Smith Barney is warning 34,000 of its investors to be on alert after CD-ROMs carrying their personal data disappeared when they were mailed to a state government office.

Deutsche Boerse said it completed the move of its Xetra electronic stock trading market to a new data center.

The old saying ‘sell in May and go away’ does not apply to daily investing life anymore, and many advisors know the reasons why.

A tight focus on doctors as clients keeps Ara Oghoorian, founder and president of ACap Asset Management, Inc., on top of the specialized needs of his clientele. ACap is a financial advisory firm located in Beverly Hills, Calif.