Displaying 7837 results
HighTower snatches longtime Morgan Stanley team
HighTower Advisors LLC announced today that it has snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
Neuberger Berman taps J.P. Morgan Clearing as new custodian
Move expected to occur during the second quarter, and will affect approximately 50,000 client accounts.
Fidelity to level fees for DC plan advisers
Under pressure from financial advisers who want to act as fiduciaries in 401(k) plans, Fidelity Investments plans to institute level 12(b)-1 mutual fund fees paid to advisers who sell the firm's plans.
Ranks of U.S. millionaires swelled in ’09
Post-recession, the numbers of millionaires climbed to nearly 8 million. That still trails the all-time high of 9.2 million reached in 2007
Roth 401(k) conversions likely to be approved
Legislation allowing defined-contribution-plan participants to convert plan assets to an in-plan Roth account may be passed into law as soon as the end of next month.
The affluent more upbeat about their finances – but their heirs may not be
Only about a quarter of respondents said they “strongly agree” or “agree” that the recession is over, and another quarter said the U.S. will remain in a prolonged economic downturn for the next two years
Roth IRA conversions booming
Fidelity Investments and Bank of America reported this week that conversions were way up over last year, while advisers at smaller outfits are also seeing an uptick in interest in Roth accounts
More RIAs planning pay hikes for 2010
Although they have spent much of the year cutting costs, many advisory firms are planning to give raises to their employees next year.
The debate goes on: To Roth or not to Roth?
The following is an edited transcript of an InvestmentNews.com webcast held in New York on March 9.
What can’t be converted to a Roth
Unfortunately, many individuals are getting confused.
Last-minute question on estate taxes or Roths? Ask our Tax Man
Randy Abeles from RSM McGladrey takes all of advisers' tax questions this week.
Mixing friends, family with business is a danger
Clyde Wyatt managed his father's money for about 18 months before he was abruptly dumped for another adviser: His own son Chris.
Some 401(k) plans are ahead of the curve on transparency of fees
As the defined-contribution industry braces for new fee disclosure regulations, some corporate 401(k) plans — including Nestlé USA Inc. and United Parcel Service Inc. — are light-years ahead of the pack in providing participants with fee information.
Report: HSAs won’t cover retirees’ medical costs
Low interest rates and low contribution limits mean retirees can only count on health savings accounts to cover a portion of their health care costs
B-Ds reluctant to OK exchanges into LTC
Financial advisers had hoped to begin this year with new momentum — the ability to swap clients out of existing annuities or insurance in exchange for long-term-care coverage — but broker-dealers have hit the brakes, citing problems with large amounts of paperwork to process the business, among other troubles.
2010 push for income in DC plans expected
Federal regulations and legislation that would make it easier for defined-contribution plans to include lifetime-income products are expected to be introduced next year.
Labor chief wants to add annuities to 401(k) mix
Encouraging employers to offer annuities in pension plans will be one of the Labor Department's top regulatory goals in 2010.
Treasury and DoL eyeing regulation of retirement income
The Labor and Treasury departments are discussing jointly submitting a request for comment from members of the retirement income industry to determine if there needs to be regulation of the market.
Workers need more retirement advice, survey finds
Some 41% of employees said they want more professional advice to help manager their 401(k) assets, but only 35% of employers currently offer retirement planning sessions
Plasma screens, day spas? Nope – filers have other plans for their IRS refunds
Of those taxpayers who are getting money back, 30% said they intend to pay down debt, 28% say they will save or invest, and 26% anticipate spending their refund on food or utility bills.
