Practice management

President Obama hit on several important issues for bankers in his annual address to Congress Tuesday night, including mortgage finance reform, though as expected financial services issues largely took a backseat to other national concerns, like unemployment and the minimum wage.

The financial crisis has had an enormous impact on millennials' attitudes towards investing, saving and success, presenting both opportunities and challenges for financial advisors.

When it comes to teaching financial advisors new skills, two instructors may be better than one.

An agency risk alert critiques the due diligence processes that investment advisors are using when recommending such investments as hedge funds, private equity funds, or funds of private funds.

The SEC's Michael Piwowar said Monday that he has asked the SEC's Office of Municipal Securities to work with him on proposals to improve the market.

What's to be done for people who have plenty of money, but just can't seem to enjoy it?

If the graying financial services industry is to replenish the ranks of retiring advisors and brokers, firms and trade groups must take a more active role in promoting the field to millennials, says Pershing's Mark Tibergien.

As tens of millions of baby boomers enter their golden years, Bank of America Merrill Lynch has appointed its first gerontologist to help advisors address clients' age-related concerns.

From regulators' crossed signals to perceptions of subpar service, what follows are the most notable quotes from the past week's stories.

As the Financial Services Institute marks its tenth anniversary, the trade group is focused on expanding its advisor membership and ramping up its advocacy on legislation and regulation at the state level.

The number of CFP professionals worldwide rose by 3.76% in 2013.

Western Asset Management, a unit of Legg Mason, will pay more than $21 million to settle charges of defrauding clients, the SEC said.

The Federal Reserve Board on Friday announced additional supervisory expectations for eight of the largest U.S. banks as part of their preparedness for future crises.

President Obama is far removed from his harsh criticism of big banks coming out of the crisis, but his State of the Union speech Tuesday night could still provide a crucial glimpse into the administration's thinking on financial policy issues.

Japan must make its $1.19 trillion public pension fund independent of bureaucrats without delay so it can boost returns, the ruling Liberal Democratic Party said.

"You have to go where the money is," says Evercore Wealth Management chief executive Jeff Maurer, as the firm pursues UHNW clients with $5 million to $200 million in investable assets.

Michigan would pay $350 million over 20 years to reduce bankrupt Detroit’s pension liabilities under a deal struck by Governor Rick Snyder and lawmakers.

The biggest U.S. phone company said its fourth-quarter results will include a non-cash gain of about $7.6 billion to account for changes in its pension fund and retiree benefit plans.

You've probably heard it's best to wait until age 70 to file for Social Security benefits, if possible. But do you know when it's advisable to wait even longer?

Social Security has major long-term issues to solve, but until then it's still a critical source of retirement income for clients.