How to Tell Clients They Can't Retire Yet
By Ed McCarthy, CFP, RICPIt is tough to give clients the news that their finances won't support their desire to retire from work immediately. Here's how five top advisors handle that situation.
July 23, 2010
Penson Misses Earnings Due to Expenses, Weak TradingPenson Worldwide reported net revenues of $71.11 million and a net loss of $7.4 million, or $0.29 per share, for the second quarter ended June 30.
July 23, 2010
Five Ways to Succeed at Retirement PlanningThe last decade has been punishing to equity investors and the majority of the retirement projections prepared for clients in the past are now null...
July 23, 2010
Five Questions for a Top Retirement AdvisorWhat retirement issue has hit you or your clients out of left field, and how did you resolve it? The main retirement issue...
July 21, 2010
FPA Appoints Managing Director of Government Relations and Public PolicyThe Financial Planning Association (FPA) has appointed Daniel J. Barry as its managing director of government relations and public policy, the Denver-based advisor advocacy announced June 20 in a release.
July 20, 2010
TD Ameritrade Net New Assets: Up 30% vs. Last YearThe average fee-based balance for the April-June quarter was $62.4 billion, up from $59 billion a year ago and $59.5 billion in the previous quarter, online-broker TD Ameritrade reported
July 20, 2010
BNY Mellon Boosts Earnings on Lower Clearing IncomeRevenue from clearing services to broker-dealers and RIAs was $369 million in the most-recent period, down 8% from last year but up 1% from the first quarter.
July 20, 2010
State Street Reports Q2 Earnings Per Share of 87 Cents, Down From 99 Cents in Q1State Street reported second-quarter 2010 earnings of 87 cents, down 12 cents from 99 cents Q1, due primarily to a securities lending charge. Profits stood at $432 million compared with a loss of $3.31 billion last year.