Serving smaller convertible-based accounts has become too challenging, so the fund company is raising the investment minimum to $750,000, from $100,000.
Deputy editor Evan Cooper on advisers, brokers, and TV. (Yes, TV)
By now, most financial advisers know that when you have after-tax money in an individual retirement account, you can't just convert those funds and pay no tax on the conversion.
Money managers owned by global investment banks are re-engineering their business models in response to mounting pressure to earn their keep.
Many investors approaching retirement view the stock market as too much of a gamble.
The Obama administration last week announced plans to require employers to give employees the option of enrolling in direct-deposit individual retirement accounts.
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has pushed back by three months the deadline for 200 independent financial advisers to find new broker-dealers.
Putnam Investments has launched an online tool for 401(k) plan participants that will calculate how much they can expect to receive in monthly income after they leave the work force.
The economy grew for a second straight quarter from October through December, posting a 5.7 percent annual rate, the fastest pace since the third quarter of 2003.
The Charles Schwab Corp., already having increased assets under custody for independent investment advisers this year, is preparing several products, services and technology offerings for advisers next year.
Finra officials are trying to determine if GunnAllen Financial Inc., already reeling from the abrupt departure of its holding company's chairman, has enough capital to stay in business.
More than 1,000 financial planners contacted members of the House to oppose a provision in financial-reform legislation that could put many advisory firms under the jurisdiction of the Financial Industry Regulatory Authority Inc.
Financial planners are worried about being regulated by the proposed Consumer Financial Protection Agency when it comes to dishing out advice about mortgages, taxes and estate planning.
A 2007 memo from director of investments Gary Stringer questions the asset-backed bets in one of the firm's bond funds. 'Mr. & Mrs. Jones don't expect that kind of risk.'
Mindful of soaring deficits and an anti-Wall Street mood, President Barack Obama wants a new 10-year tax on the country's largest banks to cover a projected $117 billion shortfall in the government's financial crisis bailout fund.
A Wells Fargo Securities analyst has speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.
Smaller broker-dealers are worried that a sweeping congressional proposal aimed at preventing fraud through comprehensive audits of brokerage firms could put them out of business.
The SEC's request for documentation about how advisers use social networking sites has the advisory biz spooked. And despite the heightened attention, advisers still aren't certain about the guidelines governing the new media.<br><a href=http://www.investmentnews.com/article/20110216/FREE/110219945>What the SEC is requesting from advisers</a> | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100127&Kategori=FREE&Lopenr=127009999&Ref=PH>Ten things every adviser should know about social medial</a>
