Wealth management

GROUPS BACK UNIFORM FIDUCIARY STANDARD

The sliding economy and the roller coaster securities markets over the past several years have no doubt forced financial planners to keep both aspirin and antacid in close proximity.

Edgar Online has released a report illustrating how accountants, institutional investors and attorneys are using data tagged in Extensible Business Reporting Language format to analyze companies’ financials.

A new study identifies a positive link between high trading volume and the volatility of stock prices.

The Securities and Exchange Commission unanimously voted Tuesday to require large trading firms to identify themselves, so their market activities can be tracked.

IMGCAP(1)]On May 25, 2011, the Securities and Exchange Commission issued its final rules implementing the new whistleblower program of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Balance Financial, a consumer finance software and services company, has introduced a set of bookkeeping products and services called Balance Certified Pro.

Protected Tomorrows Inc. has introduced a new program to help financial professionals such as CPAs deal with families who have a loved one with special needs such as autism, bipolar disorder or Alzheimer’s disease.

XBRL US has launched the XBRL Challenge, a contest to uncover the first generation of open source analytic tools that will mine financial data in ways never before possible.

IMGCAP(1)]Equity compensation is more of a minefield than it once was.

Husbands and wives need to talk more about retirement planning and how to achieve their retirement goals, according to a new study.

MORE DELAY RETIREMENT

We think of risks associated with the audit and attest side of the business every time we place our signature on a financial statement. We think of investment risk every time we meet with a client who is nervous about market losses while counting on those investments to provide income or security in future years. But when it comes to traditional risks, many of which can be protected against or avoided, we are only scratching the surface of what CPA financial planners could or should be doing.

H.D. Vest, an investment advisory firm that partners with many tax practitioners, will be sold by its corporate parent Wells Fargo to Parthenon Capital Partners, a private equity firm.

Three out of four middle-income Baby Boomers say their financial situation, not age, is now the key trigger for when to retire, according to a recent study.

The majority of Americans say they want and need income replacement projections for financing their retirement, but most do not have access to the data nor an understanding of how to translate their 401(k) savings into a stream of retirement income, according to new research.

Emerging Information Systems Inc., developer of NaviPlan and Profiles needs analysis and financial planning software, has become the newest affinity provider for the Financial Planning Association’s Member Advantage Program.

The Financial Planning Coalition has sent a letter.to the Securities and Exchange Commission, accompanied by a petition signed by more than 5,200 financial planners, urging the SEC to apply a uniform fiduciary standard to anyone providing personalized investment advice to retail clients.

Only 51 percent of Americans believe they will have enough money to enjoy a comfortable retirement.

Capital markets executives at leading investment banks predict continued growth in the number and size of initial public offerings on U.S. exchanges during the remainder of 2011, according to a new study by BDO USA LLP.