Of all the categories of conduct that will land a certified financial planner before the CFP Board of Standards’ Disciplinary and Ethics Commission, bankruptcy currently ranks number one. And the number of bankrupt CFPs who come before the...

Updated 1:41 p.m. Morgan Stanley announced Monday plans to spin off its quantitative proprietary trading division, Process Drive Trading (PDT) by 2012.

So you're unhappy at your current firm. But how unhappy? Quantifying the pain can be difficult, but it’s essential if you're actually considering doing something about it. That’s because leaving can be painful, too. Here’s a...

Charlotte: “Get this,” said one of the participants from our recent affluent focus group. “I met with my accountant over the holidays to go over year-end details and then stopped by my advisor’s office to drop off a sizable check—he was off for...

Congress proclaimed that the Plain Writing Act of 2010 (the Act)1 will improve the effectiveness and accountability of the IRS and other [f]ederal agencies to the public by promoting clear [g]overnment communication that the public can understand...

Legg Mason has tapped Peter Nachtwey as its new chief financial officer, replacing Terrence Murphy, who has served as interim CFO since July. Nachtwey joins from The Carlyle Group, where he served in a similar role at the alternative investment...

What was your average employee thinking about when the ball dropped? According to a survey conducted by Principal Financial Group, the top New Year's resolution among employees is to pay off credit card debt (35 percent), followed by putting a set...