Practice management

Strugglers' eligibility for small-business funds is in question

UBS is offering new recruits a "no-cap" deal, provided they can hit the ground running.

The products protect participants’ retirement income when the market drops, gives them some of the upside when the market rises, and guarantees retirement income for life.

Second major hiring move this week by a banking company, following BofA's announcement that it would add 2,000 advisors.

While a whopping 84% of asset management firms believe social media will have a lasting impact on financial services, only 48% engage in some form of social media.

Getting Americans to save for retirement is difficult, but getting financial advisors and experts to weigh in on the best ways to save isn’t.

Decline in funding status for pension plans complicated by limited credit available to many sponsors.

WASHINGTON — Though President Obama began a concerted push this week to encourage bankers to boost lending to small businesses, some are wondering if the government will come to regret trying to force the issue.

The Simsbury, Conn., company will work with a national network of nearly 200 third-party administrators that sell such retirement plans to nonprofit healthcare, charitable, educational and religious organizations.

Speaking at the National Institute on Retirement Security in Washington, Putnam President and Chief Executive Officer Robert L. Reynolds urged Congress and the Obama administration to strengthen all of America’s retirement savings systems, public and private.

Big banks are starting to open the tech-spending spigot, but times are tight for their smaller peers.

It’s important to still remember that retirement planning is much more complex than just having enough income to last through our golden years.

Merrill’s addition indicates how important headcount is in the wirehouse industry.

Despite the ballyhoo about the “breakaway brokers,” the four remaining wirehouses control 48% of advisor-managed assets in the United States. RIAs ranked second with 15%.

Bernie Clark will run Schwab's advisor services unit and Trish Cox its corporate brokerage services division.

Yacht prices, hit hard by the recession, are creating the perfect storm for a buyers’ market.

Many may switch institutions that don’t meet their needs.

The proposal would automatically deduct up to 3% of an employee’s salary straight from their paycheck and invest it in Roth IRAs, unless the employee chose to opt out, or chose to invest in a traditional IRA. This plan would be for employees who don’t have other types of pensions or retirement savings plans, about 80 million workers in all.

Financial companies are trying to make tax season a bit less taxing for people who bank online.

As personal financial management software gains traction at banks, vendors are starting to tinker with its long-established formula.