The Custody Rule and its Ramifications
When an RIA takes custody of a clients funds or securities, risk to that individual increases dramatically. Rule 206(4)-2 under the Investment Advisers Act (better known as the Custody Rule), was passed to protect clients from unscrupulous investors.
Are Target Date Funds the ‘Single Product Solution’?
Yes, they remain popular, despite 2008, but they are not the income-producing Holy Grail of DC plans.
Dennis Kozlowski: CEO Bonuses for TARP Recipients ‘Indefensible’
As news of the conviction and sentencing of hedge-fund manager Raj Rajaratnam settles down, it’s a good time to take a look back at the last “Bond Villain” to make the financial perp walk—former Tyco CEO Dennis Kozlowski.
How a Freethinking Economist Saved Your Retirement Portfolio
Research by economist Richard Thaler, a professor at the University of Chicago, has “nudged” vast numbers of Americans to a higher savings rate.
Top 10 Best & Worst Sports Business Deals
AdvisorOne looks at how the business of sports has gobbled up the landscape from Citi Field to Lambeau Field and Tiger Woods to Li Na.
I don’t belong to AARP, although I more than qualify and they’ve been sending me membership forms for years.
Sheila Bair: Unexpected Bank Watchdog—Top Women Extended Profile
While departing in July, Bair's five years of FDIC chairmanship have seen some of the best and worst of times.
Caveat Emptor for 401(k) Plan Sponsors
Most plan sponsors are unaware of their fiduciary duty and can be liable for fines and penalties as the DOL steps up enforcement.
Peter Elkind Discusses ‘Rise and Fall’ of Eliot Spitzer and Enron
At the fi360 Conference, the best-selling author offers lessons on Eliot Spitzer’s shortcomings and the dangers of Enron’s Skilling and Lay's management styles.
Michael Oxley Describes New Role as FINRA Lobbyist: Exclusive Interview
Michael Oxley should be on every advisor's radar, as the former Republican congressman is now lobbying to ensure FINRA becomes the SRO for advisors.