Wealth management

Daniel C.S. Powell founded Christian Stanley in 2003 as a specialty-finance investment bank predicated upon the rapidly emerging life settlements industry. Powell, a former institutional broker with Morgan Stanley, says that he recognized the unique characteristics of the life settlement asset class and decided to develop a proprietary syndicate of institutional bidders seeking to acquire life settlement assets. "The prime objective of Christian Stanley is to serve as an efficient life settlement clearinghouse for the benefit of the greater economy and senior citizens across America."

Empowering Advisors

MOST AMERICANS NOT READY FOR RETIREMENT

Care planning is complicated, but critical

The Financial Planning Association is encouraging its members to write to the Securities and Exchange Commission protesting a proposed regulation that will require investment advisors to undergo surprise annual accounting audits by an outside accounting firm.

The Investment Management Consultants Association implemented changes to its Certified Investment Management Analyst certification program yesterday, the organization said.

Salaries of financial advisors are rebounding after a soft 2008, according to a new survey.

As many as 9.5 million retired Americans are considering at least a partial return to the workforce, according to a new study by Charles Schwab.

The House Education and Labor Committee has approved a bill that would require 401(k) plan providers to provide clear, complete information about the fees they charge.

AccuFund has upgraded its financial reporting software for nonprofit, municipal and government organizations with new features for budget development, allocations and financial reports.

Adaptive Planning has released version 6.0 of its eponymous product, with new multidimensional business financial planning features and integration with NetSuite.

Cheshire Software has expanded the estate planning features in its wealth management software product, Cheshire Wealth Manager.

A new survey shows backing for 401(k) plans by senior finance and human resources executives, even though many of the plans have performed poorly during the financial crisis.

CPAs who also hold the AICPA’s Personal Financial Specialist credential are advising many of their high-net-worth clients to rebalance their portfolios, reassess their tax planning and control their expenses and cash flow, according to a new survey.

Retirement plan recordkeeping service provider ExpertPlan has acquired portions of ADP’s retirement plan recordkeeping business that service independent third-party administrators.

As workers experience large losses in their retirement funds, a significant number are planning to delay their retirement, according to a new survey.

The SEC and the Department of Labor convened a hearing Thursday to decide whether to tighten the rules for financial services companies that offer target-date funds in their 401(k) plans.

A “perfect storm” of demographic, individual and financial elements is poised to undermine people’s retirement plans unless they prepare properly, warns a new global survey.

Penn Mutual Life Insurance has created a Professional Advisors Alliance program with the aim of bringing together financial advisors and CPAs to expand their services, distribution channels and revenue.

COALITION SUPPORTS FINANCIAL PLANNING REGULATION