Practice management

TIAA-CREF is currently selecting advisors for its own network, which will launch over the next six months and go nationwide early next year.

A software tools company and a maker of high-performance servers said they set a new record in the speed of pricing options contracts.

Without admitting or denying the SEC’s charges, Wunderlich settled with the regulator for about $627,688 in penalties.

Even if they bite the bullet and stay on the job well past retirement age and late into their 70s, most Baby Boomers and the Gen-Xers who follow them will not have enough savings to cover their basic retirement expenses and out-of-pocket health costs.

Rule changes brought on by the Dodd-Frank Wall Street Reform Act are expected to produce the most change in the way trading in contracts involving interest-rate commitments.

A new report from MetLife this week suggests that financial advisors need to do a better job of educating their clients about the importance of managing their emotions as well as their spending and investing behavior during and close to retirement just as they did -- presumably -- when they were younger and saving up for their golden years.

Bank of America Merrill Lynch has hired Morgan Stanley Smith Barney financial advisors Matt Burton and John Cate to its Carmel, Ind. office.

Peter Drake, vice president of retirement and economic research at Fidelity Investments Canada, spoke of five retirement risks in a speech Monday at the Canadian Institute of Financial Planners’ annual conference in Ottawa.

State Street Corp. this week said it will roll out a new mobile application for executive-level portfolio and fund managers' iPads in the fall, giving clients real-time access to portfolio and risk exposure data on their beloved mobile devices.

A former employee pleaded guilty Monday in federal court to helping Bernie Madoff create false records for investors.

State Street Bank this week announced plans to offer a cloud computing service geared to investors and investment professionals.

Forty-one percent of the more than 2,000 high-net worth individuals surveyed in the Barclays Wealth Insights report said they wish they had more control over their finances, which is critical since emotions can cost investors up to 20% in returns over a decade if they buy high and sell low.

Patsystems said it added London to its network of trading and risk management hubs for futures.

Cinnober Financial Technology introduced a trading system that it said performs "door to door" matching of orders in under 10 millionths of a second.

Financial advisors can have a successful and personally fulfilling practice serving a less affluent clientele than many target.

Depending on which political party you talk to, the Consumer Financial Protection Bureau is either the most powerful federal agency ever created, or the most constrained.

The Securities and Exchange Commission has fined a former trader at Morgan Stanley $150,000 and barred him from the securities industry for two years after he fooled its risk management system with bogus equity swap deals.

Workshops have long been a popular tool for financial advisors looking to connect with potential new clients but one advisor is taking the traditional workshop to a new and more effective level by getting CPAs, bankers and other influencers to co-host the events.

linkedFA, a social networking web site designed specifically for financial professionals, announced a strategic relationship with Thomson Reuters, the New York-based business information service, to provide financial data to advisors using the social network.

New study finds banks -- large and small -- need to do a better job of implementing the technology and processes necessary to curtail money laundering activity in order to avoid the stiff fines already levied on their peers.