Allied Beacon Launches Cabot Lodge in New York Area
By Michael S. FischerThe new firm, an office of separate jurisdiction of Allied Beacon, will have branch offices in Manhattan, Princeton, N.J., and Long Island. It plans to hire 100 more advisors in the next two years.
March 21, 2012
Outsourcing the Back Office Across the GlobeNow that Lou Dobbs and other TV talking heads have mellowed on the outsourcing hysteria circa 2004, a sober look at the strategy, especially when it comes to the broker-dealer back office, is yielding positive results in efficiencies and cost containment.
March 21, 2012
Lawmakers Grill DOL’s Solis on Fiduciary Duty RedraftAt a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOLs recrafting of its fiduciary rule is progressingspecifically on the timing of the re-proposed rule and the rules inclusion of IRAs.
March 21, 2012
Piling On Goldman While Obscuring the Big TruthWhat's been almost entirely missing from the frenzy is a discussion of why Goldman Sachs, according to Greg Smith, was not violating federal regulations.
March 20, 2012
Three Big Trends in RIA Industry: 2012 TechLeaders ConferenceTim Welsh, president and founder of Nexus Strategy, discussed several major trends in the RIA space, like stronger demand for independent advisors and Canadians looking southward.
March 20, 2012
401(k) Fee Disclosure Rules ‘Good for Participants,’ Labor Official Says at ASPPA SummitRetirement historically has been about accumulation. Now its all about decumulation, Michael Davis, deputy assistant secretary of labor, told Brian Graff at the 2012 ASPPA 401(k) Summit on Monday in New Orleans.
March 20, 2012
Are RIAs Really a Bigger Regulatory Problem Than Brokers?A look at the number of enforcement actions against each group provides a ready answer: part two of a series on the Bizarro World inside the beltway
March 19, 2012
At ASPPA, TD Ameritrade Shows Focus on Retirement SpaceAt ASPPA 401(k) Summit, TDAI looks to partner with advisors entering qualified plan business: The 'right place, right time' for advisors to get into the business.