Practice management

The team brings a decade of UBS experience.

There is such multiformity among the baby boomers that not everyone even agrees on who exactly belongs in this group.

Ultra-high-net-worth families have given the firm a big cash infusion

Putnam Investments unveiled a new website for its 401(k) plans Monday that keys investors into a monthly retirement income figure, rather than their existing balance or a retirement savings target.

Merrill Lynch is currently offering one of the top compensation deals on the Street.

Playing a role in preparing heirs is a key way for advisors to distinguish their businesses, be more visible among centers of influence, get client referrals and maintain heirs as clients.

BofA will spend up to $20 million over the next three months on its “help2retire” campaign.

Putnam Investments has launched a content-rich Roth IRA Conversion Resource Center, Putnam.com/roth2010, aimed a financial advisers.

The agreement with the Motley Fool has a clear financial advantage for the Garrett Network, which spends just $10,000 a year marketing its advice to financial advisors who might join the group.

Given the opportunity to approach their retirement savings again, 51% of affluent Americans who have retired said they would have preferred to have focused on life goals rather than a retirement number, Merrill Lynch found in a survey. However, the remaining 49% still believe in zeroing in on the numbers.

RBC Wealth Management has hired John Menefee and Tom Meagher from Morgan Stanley Smith Barney to join its Bend, Oregon branch.

The two veteran Cincinnati-based advisors managed $226 million in client assets and generated $2.2 million in fees and commissions for Smith Barney.

Despite the fact investors are more conservative after getting slammed by the recession, advisors and their clients are optimistic about the year ahead, with advisors looking to grow their business and improve their use of technology.

Axa Distributors, the annuity wholesale distribution unit of Axa Equitable, has created a comprehensive retirement income planning curriculum for financial professionals it is calling “Cracking the Code.”

By taking more of a hands off approach with its Merrill Lynch financial advisors, Bank of America Corp. saw “historically” low broker attrition in the fourth quarter and plans to add advisors this year, said Sallie Krawcheck, the president of Bank of America Global Wealth.

The recession has sent even the wealthiest Americans running for cover, as affluent investors worry about their financial security.

The financial services company may also be increasing its upfront awards in an effort to attract and retain top talent.

Two million-dollar plus teams from UBS have made the leap.

It gives junior advisors funding to buy out practices from senior advisors.

linkedFA's launch comes amid a debate over how advisors can use social networking to expand their businesses, while still following compliance rules under the Securities and Exchange Act of 1934.