Despite the tougher outlook for regulatory audits in the coming months, many advisory firms that host their own e-mail systems still lack an e-mail archiving and backup system (44% of advisers who responded to an <i>InvestmentNews</i> technology survey last year said they had no such system).
With new modifications to the systems at the Depository Trust and Clearing Corp., reporting of cost basis information appears as if it could become less of an issue with advisers — assuaging some concerns from advisers that new requirements could make reporting more costly and cumbersome.
Financial advisers need to craft and embrace a set of ethical standards for their firms as a way to build a franchise and reduce risk, according to Laura Hartman, professor of business ethics in DePaul University's College of Commerce.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
While most investment management companies are reluctant to start firmwide hiring, many are looking to bulk up their compliance departments, according to executive search firm Russell Reynolds Associates Inc.
After recruiting some 500 representatives so far this year, Ameriprise Financial Inc. is gutting and rebuilding its recruiting staff as part of an effort to bring in more independent reps.
Cheshire Software Inc. has released an updated version of its Cheshire Wealth Manager planning program, which helps advisers develop both lifetime plans and simpler, goal-based plans for clients.
The first thing adviser Karin Lopez-Gerber does upon arriving at her office is examine her client downloads from the night before.
Focus Financial Partners LLC, which calls itself the largest partnership of wealth management firms in the world, is securing a new capital infusion to help it service outstanding bank debt and continue its business of acquiring stakes in large registered-investment-advisory firms.
CashEdge Inc. is now making its AllData Advisor account aggregation service available to financial advisers via a self-service online subscription.
Most financial advisers can relate to the challenges of handling smaller accounts that are inherited from the relatives of existing clients, or are in the form of small “orphaned” retirement accounts.
Cheshire Software Inc. has released an updated version of its Cheshire Wealth Manager planning program, which helps advisers develop both lifetime plans and simpler, goal-based plans for clients.
A significant update to the popular financial planning program MoneyGuidePro was rolled out over the weekend.
Financial advisers lack the strategies and tools to service small accounts effectively, according to a recent Russell Investments survey
In whatever way Congress and the Obama administration eventually change the national health care system, there is one segment of the health care market where reform has already begun and is gaining momentum.
Two technology developments came out of the Nasdaq OMX Group Inc. this past week: a new social network and an iPhone application.
John Taft, president and CEO of RBC Wealth Management, will serve as chairman-elect.
The beta of Kapitall — an investing website intended for consumers or advisers — was launched yesterday.
