Retirees Suffer as 401(k) Rollover Boom Enriches Brokers
A three-month Bloomberg investigation found that former employees at major companies say sales reps lured them into rolling their 401(k)s into unsuitable investments.
New Hire Roundup: Oliner, Kleinke Join AEI; Bozek Advances at Prudential
This week in new hires, Stephen Oliner and JD Kleinke went to AEI; Joan Bozek was promoted at Prudential Retirement; Steven McKay and Joseph Kaplan went to Putnam Investments.
First Allied Securities Rolls Out Hybrid Solution for Advisors
First Allied Securities, Inc., a leading independent broker/dealer, has launched a hybrid business model designed to create a cost-, time-, and technologically efficient environment for...
The wealth management conundrum
Comprehensive wealth management -- an industry buzzphrase that's nearly impossible to define. As more boomers retire, more broker/dealers are looking to offer packaged wealth management...
Round Two of Market Timing
By October 12, 2006, mutual fund companies have to comply with the Securities and Exchange Commission's mutual fund redemption fee rule, Rule 22c-2. The rule,...