SEC, FINRA Enforcement: Father, Son Cherry-Picking Scheme; South Miami in Muni-Bond Fraud
Recent enforcement actions include charges against a father and son for making undeclared trades and then cherry-picking the profitable ones, and charges against the city of South Miami for defrauding investors on muni bonds.
New Hire Roundup: PIMCO Welcomes Johnson; Cepek Rises at Allianz
This week in new hires, Geoffrey Johnson joined PIMCO; Gretchen Cepek was promoted at Allianz Life; and Kimball Brooker was named portfolio manager at First Eagle.
The Hartford Has Big Plans for Wealth Management and RIAs
Hartford Financial Services Group Inc. said April 1 that it would reorganize itself into insurance, annuity, and wealth management businesses. The new wealth management division...
Class Action Lawsuits on 401(k)s
Investors in 401(k) plans who are frustrated by proprietary funds, opaque high fees, revenue sharing and sub-par performance are starting to get overtures from lawyers who are gathering investors for class action suits against 401(k) providers.
Does Your Broker/Dealer Stand Behind You?
It's all too easy to partner with a broker/dealer in an up-market. Clients are happy, returns are generated and everyone's making money. But what happens...
Coming Out Party
Only fours years after its inception, the Financial Services Institute has achieved a high level of success as the primary advocacy group for independent broker/dealers....
Fixed-Income a Great Fit for Retirement
Fixed income is an asset class that offers plenty of upside for investors, in particular those planning for retirement. Yet, says Jim Tracy, national sales director for Minneapolis-based The Hartford Mutual Funds (a division of Hartford Life), many investors and financial advisors are more than a little wary of fixed...
They Shouldn't Have to Ask
According to a survey commissioned by Hartford Life, a large percentage of people are interested in 529 plans. However, the percentage of people that are actually offered a 529 program by their advisor is much lower. Conducted in early fall of 2006 by Opinauri, Inc., the survey interviewed 300 parents...
The Whole Picture
Beyond helping clients grow their assets, advisors need to know what's available to protect their clients' financial security and quality of life. To that end,...
The Top Sellers
The VA policies with the most sales in 2001 Internal Total IssuerContractNew SalesSalesFlow TIAA-CREF TIAA and CREF$9,598.0$0.0$9,598.0Life Ins. Co.Retirement Annuity and Supplemental Retirement Annuity VALICPortfolio Director Plus4,117.7865.04,982.7 Hartford Life Director3,429.1276.93,706.0Ins....