Displaying 28521 results
ACLI study backs single regulator for brokers
Life insurance brokerage agencies could save up to $377 million annually in agent licensing costs if Congress were to adopt legislation.
Rule on sales of deferred VAs approved
The SEC has approved a FINRA rule intended to improve B-D sales practices for purchases and exchanges of deferred VAs.
529s launch another back-to-school marketing blitz
The college savings plan industry once again has unveiled a wide array of marketing campaigns for the back-to-school season, with many plans emphasizing the benefits of 529 plans in light of upcoming changes in the “kiddie tax.”
Schwab entices advisers with free software
Schwab Institutional will provide free portfolio re-balancing software to financial advisers who use its custody services.
Forget Leona Helmsley – far-fetched wills abound
Despite widespread incredulity from the public about the weird details of hotel empress Leona Helmsley’s will, some advisers know that bizarre bequests are not uncommon, having watched their own clients seek to rule their families from beyond the grave.
Pershing snags Tibergien as chief of advisory unit
In a marketing and business coup, Pershing LLC has hired Mark Tibergien, a leading consultant in the financial advice industry.
Average RIA’s assets, staff needs set to triple
The average registered investment adviser will see its staffing needs more than triple over the next five years, to 16 employees from five, according to a new study, an advance copy of which was provided to InvestmentNews by the sponsor, Pershing Advisor Solutions LLC.
The pursuit of minority advisers
On Saturday, all eyes at the Financial Planning Association’s annual conference in Seattle were on keynote speaker Christopher Gardner, the financial adviser whose rags-to-riches story was celebrated in the 2006 hit movie “The Pursuit of Happyness,” starring Will Smith.
AIG Advisor Group’s makeover gets OK
Industry observers and financial advisers are welcoming a series of management changes announced Tuesday by AIG Advisor Group Inc., which hopes the changes will lead to better services for advisers.
James Brown’s estate is a real mess
Poor planning leaves his heirs with unnecessary legal fees and an onerous tax bill The way his terrible estate plan is unraveling, if the late James Brown, the “Godfather of Soul,” could see from wherever he is, he wouldn’t be screaming his most-famous three words: “I feel good.”
Succession planning that’s all in the family
Sixteen years ago, Jessica Abrams’ life revolved around her pony. To buy the horseshoes and other accessories she needed for shows, the then 14-year-old baby-sat several days a week and carefully saved.
LPL continues buying binge
The biggest B-D is buying Independent Financial Marketing Group from Sun Life Financial.
Tibergien moves to Pershing
In a marketing and business coup, Pershing has hired Mark Tibergien, a leading consultant in the industry.
Fidelity launches Retirement Income Evaluator
Fidelity debuted a Web-based tool designed to help advisers create and manage retirement income plans for their clients.
Vanguard cuts costs on no-load funds
The firm has added services for shareholders that invest in its $100,000 no-load, low cost mutual funds.
Nationwide rolls out enhanced VA
Nationwide Financial Services Inc. has kicked off enhancements to its Lifetime Income Rider.
Industry supports NEXT in fight with SEC
NEW YORK — NEXT Financial Group Inc., which is in the middle of a scrap with the Securities and Exchange Commission over its use of confidential client information when recruiting representatives, is getting strong support in some corners of the independent-contractor brokerage industry.
‘Client-centric’ planning pays off
DETROIT — Financial advisory firms that concentrate on holistic planning and leave the investment management to outside professionals are seeing the benefits in real dollar terms, according to a recent study.
Legacy Financial closes shop
NEW YORK — Another independent broker-dealer has shut its doors, months after one of its brokers got in trouble with regulators.
Revenue-sharing disclosure sought for bundled providers
CHICAGO — Pension consultants and third-party administrators want bundled providers, including industry giants such as Vanguard and Fidelity, to disclose their revenue-sharing arrangements with affiliated service providers, but the bundled providers are balking.
