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White House leaves advisers up in the air
If you are a commercial banker, savings and loan operator, mortgage broker or hedge fund artist, there is a lot to concern you in the regulatory-reform proposal outlined by the Obama administration last week.
The Harry Truman way to success
President Harry S. Truman, known for his plain speaking, could teach a thing or two to today's financial advisers.
Pershing plants trees
Critics may contend that a lot of Wall Street's output is hot air.
Brokerage firm recruitment deals are holding steady for top reps
Despite the intense scrutiny on executive compensation by legislatures and regulators, major brokerage firms continue to offer generous recruitment packages to top brokers.
The creator of InvestmentNews has left the building
When Bill Bisson called me into his office the week before last to say he was retiring after 34 years with the company, I said: “Good for you; bad for us.”
Affluent households ignore 529 plans, study says
Two-thirds of affluent parents with children under 18 aren't using Section 529 college savings plans, according to a report by The Phoenix Cos. Inc.
Pershing urges brokers to embrace RIA model
Executives of Pershing, the largest provider of clearing services to broker-dealers, spent much of their energy at the firm's annual Insite conference trying to persuade clients to open their brokerage doors to fee-based registered investment advisers.
Pershing asks advisers to pay surcharges for more funds
Pershing LLC, the largest provider of back-office services and financing to small and independent broker-dealers, this month began charging shareholder servicing fees to brokers and financial advisers who buy certain mutual funds from its Fund Center platform.
Amid the economic downturn, clients are reluctant to buy long term care insurance
Making a case for long term care insurance can be a challenge under any circumstances.
Funding LTC insurance absent from cliets’ to-do list
Advisers are struggling to get clients — especially baby boomers — to think about funding long term care in the face of depleted investment portfolios.
Fear’s a factor as General Motors files for bankruptcy
Financial advisers who cater to workers in the automotive industry are scrambling to prepare their clients for the onslaught of job losses that will follow General Motors Corp.'s filing for bankruptcy protection last week.
A planner’s recipe for success
Many financial decisions are made around the dinner table rather than a conference table, according to one financial planner and foodie who believes in presenting financial planning concepts in a more digestible way.
Investors grab for growth in emerging markets
After being written off as an asset class just a few short months ago, emerging-markets equities are back.
ING Investment Management hires chief market strategist
ING Investment Management Americas of Hartford, Conn., has hired Jonathan Golub for the newly created position of chief market strategist.
College search net widens
The recession may have put a crimp in college savings plans, but it has actually heightened interest among parents and students in a greater variety of colleges, according to one industry observer.
Advisers tap into HSAs to fund long term care
As retirement looms for baby boomers, financial advisers are finding additional uses for their clients' health savings accounts, including covering the cost of long term care insurance.
Economic fears declining among the affluent
While still worried about the economy, affluent individuals are becoming less anxious, according to a study by New York-based research firm Ipsos Mendelsohn.
Wealthier women sit in driver’s seat
Household financial decisions are being made increasingly by affluent women, creating opportunities for financial advisers, according to two industry surveys.
Memo to the government: Dead people don’t spend
In an effort to energize the economy, stimulus checks are being mailed to millions of people. Unfortunately, thousands of the recipients are dead.
Looking inside target date funds
Financial advisers who handle retirement plans have noted that plan sponsors are now very much aware of the performance of target date funds. But sponsors don't really understand the reason for the performance, according to 76% of advisers polled by my firm.
