The decision creates incentive for advisers to drop their securities licenses, said the general counsel of FSI.
The Senate is planning to vote on a $160 billion version of the stimulus bill tomorrow.
Home prices in the United States fell by a record 8.4% in November, for an 11th consecutive monthly decline.
Sales of single-family homes fell 4.7% in December to a seasonally adjusted rate of 604,000.
InvestmentView, one of the first software tools to use hypothetical comparisons to help advisers recommend mutual funds, is being re-launched today by Thomson Financial.
After a sterling 2007, leading independent-contractor broker-dealers are facing a horde of significant problems this year, with the subprime-mortgage crisis, skyrocketing gas and oil prices and the threat of a recession the most daunting.
Gender is a strong factor in determining the likelihood of whether a worker 50 or older receives an annuity or a company-sponsored pension payment, according to a recently released study.
Robert B. Pollock's return follows a six-month hiatus when Mr. Pollock went on administrative leave by order of the board of directors.
Inspired by market volatility, insurance carriers are making over their equity-index annuities in an attempt to beat a bad reputation and target baby boomer investors.
A gloomy market outlook is making gold shine bright, but financial advisers are divided as to whether it deserves a place in most clients' portfolios.
