The Investment Management Consultants Association’s decision to offer the chartered private wealth adviser designation makes industry participants wonder if the credential will fill a need or merely add to the alphabet soup of designations already available.
NEW YORK — Middle-aged men in wigs performing a rap song, promises of a “Leadzilla” lead - generation system, and claims of millions of dollars in annual commissions — is this any way to market annuities?
How do you get a twentysomething to learn about saving and investing?
NEW YORK — In a break with its past, Waddell & Reed Inc. will offer its advisers updated technology and next year will introduce a new outside platform for its top 300 or so registered representatives, company executives said last week.
SAN FRANCISCO — When Melissa Ma, Laure Wang and Rebecca Xu decided to strike out and form a new fund-of-funds firm focused on private equity in Asia, they opted to invest first and raise a fund second.
NEW YORK — Having enough income to last until age 90 and beyond is a future problem for baby boomers, but it can be solved now.
PHILADELPHIA — The two biggest names in indexing don’t agree on the relative performance of value and growth stocks during the first half of the year.
SAN FRANCISCO — With help from coaches who train accountants to behave more like financial advisers, H.D. Vest Financial Services is finding new success.
NEW YORK — OptionsHouse Inc., a Chicago-based online retail broker, late last month became the most recent firm to add a virtual options-trading tool to its website. The motivation for the online upgrade is unsophisticated investors who are interested in trading options but wary because they do not understand them.
Armed with a series of fee cuts and reimbursements to its advisers, LPL Financial Services thinks that it can take on the giants of the custody business that provide platforms for fee-only registered investment advisers.
Amid market volatility that has shaken the confidence of even the most seasoned investors, one sector continues to shine unexpectedly: technology.
One year after the passage of the landmark Pension Protection Act, which made federal tax breaks for Section 529 college savings plans permanent, the programs are approaching “critical mass,” according to the head of the College Savings Plan Network.
NEW YORK — FSC Securities Corp. last month was taken to task in an NASD arbitration panel decision.
NEW YORK — An investment company has hired an environmental engineer to run a mutual fund that invests in water infrastructure. The company calls it the only actively managed fund that makes such investments.
Waddell & Reed will offer its advisers updated technology and a new outside platform for its top 300 reps.
For the second consecutive year, LPL Financial Services is giving a bump to its bigger-producing registered reps.
The Hartford generated second-quarter core earnings per share of $2.39, up 31% from the same period last year.
FSC Securities of Atlanta was taken to task in a recent NASD arbitration panel decision.
Bear Stearns Broker-Dealer Services has expanded its sales and account officer teams with four new hires.
The first bipartisan House version of the National Insurance Act of 2007 was reintroduced today.
