Practice management

Southwest Securities Inc. has agreed to pay $470,147 to settle charges with the Securities and Exchange Commission for violating an anti-pay-to-play rule by co-underwriting Massachusetts bond deals within two years after its former senior vice president made political contributions to state Treasurer Timothy Cahill.

President Obama's successful fight to pass health-care reform has given a bill to revamp the financial system a dramatic boost, lawmakers from both parties said Wednesday.

A new study indicates that high-net-worth individuals are relying on their own investment expertise rather than financial advisors.

Charles Schwab filed arguments in federal court in San Francisco on March 19 to try to preclude the Securities and Exchange Commission from suing it over its YieldPlus fund, which had nearly 50% of its assets in mortgage-backed securities.

In the never-ending game of musical chairs, wirehouses recruit from each other, and from UBS.

Tampa broker-dealer had been facing problems for months.

You will almost certainly need to hire new, younger advisors at some point in your career. Do you know where to look—or better yet, what to look for?

As the defined contribution model replaces the defined benefit plan as the dominant retirement savings option, State Street sees room for improvement.

Buyers of long-term-care insurance chose cheaper policies and more inflation protection in 2009, according to research from the AALTCI.

SEI is offering enhanced, online portfolio and account monitoring services for wealth managers, to help them deal with increasing regulations concerning account reviews. SEI, portfolio monitoring, Richard Kardys

The recession has crushed the “free agent” mentality that has prevailed among American workers who had freely job-hopped since the 1990s, Towers Watson found in a survey of 22,000 employees in 22 markets around the world.

Taking the retirement savings conversation to the dinner table might be just what Boomers need.

Advisor software looks to help investors track financial goals.

Be it the dismal disappointment of seeing their 401(k) balances fall, loss of a job or a wage cut, 48% of Americans are savings less for retirement, according to a Country Financial survey of 2,340 working Americans.

Young brokerage firm is interested in growth but plans to expand very selectively

MetLife believes that the once-ignored “emerging investor” is becoming critical to advisor business as firms try to figure out how to retain and recruit new clients.

Results of a survey point to promotion and customer interaction as areas of interest for targeting young adults, men and high-income earners.

On Wall Street and MainStay Investments will honor the winners at a dinner in New York City.

Your next generation of clients will require a bevy of new skills. The key—learning to say “no.”

The company has already partnered with the city of San Francisco to offer wealth management services to its residents through direct mailings in their water and electric bills.