Speaking at the Raymond James annual national conference, FBI agents said advisors should always use the telephone to verify orders to move money and they should advise clients to be wary of open Wi-Fi, especially when conducting online banking, reports Financial-Planning.com.

A study by Putnam Investments concludes that investors working with advisors, on average, will have enough savings to generate 80% of their income in retirement.

Recent litigation on behalf of investors burned by the MF Global boondoggle is advancing, but no new provisions are being proposed to protect investors from the next collapse of a financial firm, reports Forbes.

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