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Questions to consider before changing firms
Although the numbers vary based on who is doing the reporting, there is no question that the Panic of 2008 has led to the Migration of 2009.
Congress should keep heat on the SEC
Wagging his finger from the bully pulpit of Federal Hall, President Obama reminded financial leaders last week of the urgent need for new, tighter financial regulation.
Tax breaks for out-of-state 529 plans unlikely
The Department of the Treasury wants all states that have an income tax and also sponsor a Section 529 college savings plan to offer residents a tax break, no matter what plan they choose, even if it is one from another state.
Indie giant LPL execs load up on options
In a first, top executives with LPL Investment Holdings Inc. last week picked up hundreds of thousands of options to purchase the company's common stock — a move that has renewed speculation about a forthcoming initial public offering.
Acts of kindness prevail in adviser community
Although the Bernie Madoffs and R. Allen Stanfords of the world have dominated media attention, the fact is…
Schwab program targets private foundations
Schwab Charitable Fund today launched a service that helps organizations determine if they want to convert from a private foundation to a donor-advised fund.
FPA’s head lobbyist to step down
The chief lobbying official for the Financial Planning Association is stepping down this month.
Making a case for <i>real</i> real returns
Which investments offer retirement oriented, long-term investors the best returns?
Advice for cancer patients
The Dana-Farber Cancer Institute of Boston and the Massachusetts chapter of the Financial Planning Association are set to ramp up their groundbreaking free financial-planning coaching service for cancer patients this fall.
SEC’s Schapiro issues warning to broker-dealer executives
Securities and Exchange Commission Chairman Mary L. Schapiro last week issued an open letter to broker-dealer chief executives, warning them to make sure supervisors are vigilant about conflicts of interests as they recruit registered representatives.
Michigan football coach faces $3.9M suit in loan
An Alabama bank is suing University of Michigan football coach Rich Rodriguez for defaulting on a real estate loan — but his adviser claims that the coach was the victim of a Ponzi scheme.
Marketing efforts from 529 plans accentuate the positive
As the Section 529 college savings plan industry this month enters its most important marketing period, it has turned a blind eye to the unsettling events of the past 12 months.
Former ING Advisors chief executive John Simmers resurfaces
John Simmers, former chief executive to the ING Advisors Network, has joined The Compliance Department Inc. of Centennial, Colo., as director of risk-management product development.
European and Asian banks emerge as bidders for ING’s private-banking unit
ING Groep NV, the giant Amsterdam, Netherlands-based financial services firm, has selected at least three European and Asian banks to submit final bids for the troubled company's private-banking operations, according to published reports.
A practical guide to networking
Every successful financial services practice must build and maintain a professional network. At a minimum, this group of trusted professionals can supply you with information and be a resource for your clients.
LPL reps on Pershing platform are seeking new B-D homes
In the wake of a decision last month by LPL to bring in-house the clearing function at three subsidiary broker-dealers, about 200 financial advisers at those firms have moved to other firms or are planning to do so.
Offshore banking on endangered list
Legitimate offshore banking by wealthy Americans may be the next casualty of the UBS AG tax evasion case.
More advisory firms seen starting trust companies
At a time when financial advisers are looking for every possible business advantage, opening a trust company appears to be an increasingly attractive option.
Bank on bank stocks – but not on their survival
More banks are expected to fail by the end of the year, but analysts still expect their stocks to continue to gain value.
Selling to small-business owners
Umpteen years in the investment community have taught us that there is a right way and a wrong way to sell a retirement plan to a small-business owner.
