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Advisers should sound off on 401(k) plan advice
Most 401(k) plan participants need investment advice.
Advisers: Plenty of clients won’t hit retirement targets
Advisers should have difficult discussions about how much a client actually needs to retire, rather than how they feel about risk.
Rough exit ahead for wealth managers, study contends
All but 7% of the nation's 20,000 wealth management firms won't extract significant value from their business when their owners retire, because most do not have a sustainable profit model, a new report contends.
JPMorgan making its move for the mass affluent
JPMorgan Chase & Co. wants to squeeze more business from its mass-affluent customers, and it's asking Barry Sommers, the former head of its brokerage unit, to lead the effort.
Millionaires make a comeback: Merrill Lynch
Global millionaires' ranks increased by about 17 percent in 2009, with the Asia-Pacific region posting a 26 percent gain, according to a report by Capgemini SA and Merrill Lynch & Co.
Where are the wealthy?
The global millionaires' club expanded by about 14 percent in 2009, according to the Boston Consulting Group, with the number of millionaire households increasing to 11.2 million. The majority of these wealthy households reside in these five countries.
Millionaires regain their wealth – but not trust in wealth managers
The portfolios of the wealthy have almost recovered from the financial crisis, but that doesn't mean they trust their financial institutions anymore, BCG said today in a report.
Millionaires make a comeback
The global millionaires' club expanded by about 14 percent in 2009 with Singapore leading the way, The Boston Consulting Group said.
Citi nets another U.S. Trust private banking exec
Citi Private Bank announced today that it's hired yet another executive from U.S. Trust, the wealth management arm of Bank of America Corp.
Wirehouses warm to fiduciary reps in effort to win 401(k) business
As competition intensifies to capture the 401(k) and other retirement plan business of small and midsize companies, wirehouses increasingly are allowing representatives who specialize in the niche to act as fiduciaries.
Dunned Yankee: U.S. sues Steinbrenner over trust tax refund
Says Bronx Bomber's co-owner owes Uncle Sam $670K; dispute stems from audit of MLB team's books
Estate battles of the stars
Few things are as certain in estate planning as this: Celebrity deaths are sure to generate plenty of business for lawyers.
Boston Private CEO Vaill to leave this year
Mr. Vaill, who joined Boston Private in 1993, oversaw an acquisition-triggered expansion into the wealth management, asset management and private-banking sectors through much of his tenure
Blind spot for advisers: Clients’ behavior
When comparing investment options, advisers need to look beyond traditional benchmarks such as alpha and fund manager tenure
Wealthy investors seen reluctant to rush into Roth IRA conversions
Mutual fund companies are reporting a brisk business in Roth IRA conversions as a result of a change in the tax law, but there is one segment of the public that is decidedly cool to the idea, even though their financial advisers are urging them to take the plunge.
Barclays snags $750M team from Morgan Stanley
Barclays Wealth has hired Don Milich and Clifford Wang as investment representatives, based in Atlanta, as part of its effort to continue growing its wealth management operations in the U.S.
Having the conversion conversation
Although the Roth conversion isn't for everyone, financial advisers must have the conversion conversation with every client who qualifies.
Obama’s 401(k) rule up in the air after House measure
Advisers and broker-dealers who have been racing to prepare for 401(k) fee disclosure rules from the Labor Department…
401(k) fee disclosure rule: Dagger to brokers
Brokers who work with retirement plans may soon lose clients to registered investment advisers, thanks to a rule that the Labor Department is expected to approve this summer.
Health savings account enrollment on rise
Enrollment in high-deductible health insurance plans linked to health savings accounts continues to surge, with the biggest growth in plans offered by larger employers.
