Practice management

JPMorgan Chase and Goldman Sachs Group, the world’s biggest trading firms, had their revised capital plans for 2013 cleared by the Federal Reserve on Monday, a month before next year’s submissions are required.

The bank said the U.S. government’s move to add one of its executives as a defendant in a fraud lawsuit suggests retaliation after the bank said it was suspending settlement negotiations.

McGraw Hill Financial’s Standard & Poor’s unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be unmanageable at trial.

The SEC asked Morgan Stanley about “multiple significant deficiencies” in its financial reporting after the firm corrected accounting errors involving loan cash flows, income taxes and derivatives contracts.

Joining a branch can provide the benefit of a built-in continuity or succession plan, in addition to the many economies of scale afforded by sharing overhead and resources.

Bank of America, the second- biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims.

Can broker-dealers legally force reps to purchase E&O insurance?

Advisors are using integrated contact management systems to reach out to clients in innovative ways.

Teams need strong leaders to succeed. Are you one?

Identifying problem transactions immediately can help keep you off the witness stand.

Planners may soon have one more investment option to counsel clients about.

The regulator may make it harder for some brokers to clear their name.

Dennis Concilla, expert on the Protocol for Broker Recruiting and an attorney with Carlile Patchen & Murphy, discusses Protocol's origins, the possibility of an update, and its impact.

Clients tend to focus on the best investments they didn't invest in last year. Here's how to break them of the habit.

A run-down of the stories in this issue, including an interview with Sallie Krawcheck.

Some planners have found profits - or at least satisfaction - selling assistance or products to their peers.

Advisors now have extraordinary tax-advantaged estate plan possibilities for wealthy clients.

The CFA Institute, along with Maria Hartwig, an associate professor of psychology at the John Jay College of Criminal Justice in New York, are working on techniques to help financial professionals improve their ability to detect deception.

According to a report from consulting firm Booz & Co., more than half (51%) of the "rising mass-affluent" say they would consider using their primary bank for investing, compared with only 37% over the age of 50 who said they would.

Professional football players spend 95% of their time preparing — advisors should take a page from that playbook and beef up their referral processes.