Industry News

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Former Irish billionaire declared bankrupt
NEWS RETIREMENT PLANNING FEB 29, 2012
Former Irish billionaire declared bankrupt

Sean Quinn, once Ireland's richest man, lost $1.3B on AIB bet

By Doug Cubberley
Merrill Lynch sharpens its Edge
NEWS INDUSTRY NEWS FEB 29, 2012
Merrill Lynch sharpens its Edge

Makes enhancements to self-directed system; platform may get more traffice as firm focuses on higher net worth clients

By Davis Janowski
NEWS INDUSTRY NEWS FEB 29, 2012
Merrill Lynch hires 475 advisers; revenue off 1.9%

Bank of America Merrill Lynch hired 475 net new financial advisers in the third quarter, but revenue from the largest business unit of Bank of America Corp.'s global wealth and investment management division fell 1.9% to $3.43 billion

By Andrew Osterland
NEWS INDUSTRY NEWS FEB 29, 2012
Straight from Sykes: What really happened at GunnAllen

In a letter to <i>InvestmentNew</i>s, Mr. Sykes said he was in negotiations to buy certain assets from GunnAllen &#8212; and that the purchase price would have more than covered the $1 million regulators deemed it needed immediately to remain open for business

By Bloomberg
Four years later, Dow back over 13,000
NEWS INDUSTRY NEWS FEB 28, 2012
Four years later, Dow back over 13,000

Clients who didn't panic during the financial crisis and kept their money in the Dow have seen their faith rewarded. On Tuesday, the DJIA closed at 13,000 for the first time since Jan. 2008. The question: Where to from here?

By John Goff
NEWS INDUSTRY NEWS FEB 28, 2012
What are top stock pickers keen on? Here's 10 high-conviction buys

By John Goff
NEWS INDUSTRY NEWS FEB 28, 2012
Grantham: Capitalism has no sense of ethics or conscience

By Jeremy Grantham
NEWS RIAS FEB 28, 2012
Merrill team jumps ship, signs with Focus Financial

By Andrew Osterland
NEWS RETIREMENT PLANNING FEB 28, 2012
Cheaper mortgages offer planning opportunity

By Darla Mercado
Note to clients: Why state school may be the smart bet
NEWS RETIREMENT PLANNING FEB 28, 2012
Note to clients: Why state school may be the smart bet

Skyrocketing costs of private schools has advisers telling clients to consider less-prestigious -- and less expensive -- colleges for their kids

By Bloomberg
NEWS RIAS FEB 28, 2012
Fed's low-interest-rate policy is a threat

Whether the Federal Reserve's plan to keep interest rates near zero for a protracted period of time will encourage the business sector to expand is open to debate.

By MFXFeeder
TD's Bradley: Volatility ups value of adviser
NEWS RIAS FEB 28, 2012
TD's Bradley: Volatility ups value of adviser

Cool-headed thinking most needed during market gyrations; options one way to take advantage

By Bloomberg
Oros bolts TCA to head up RIA sales for Fidelity
NEWS RIAS FEB 28, 2012
Oros bolts TCA to head up RIA sales for Fidelity

Industry veteran will oversee sales, relationship management

By Bloomberg
NEWS WIREHOUSES FEB 28, 2012
'Wall Street' sequel taps brokerage executive to bring '80s back to life

The door from the trading floor to the chief executive's office opens, and before it can close, the voice of a broker working the phones is heard, using a line that could have been lifted from the Shearson Lehman playbook of the go-go 1980s.

By Bruce Kelly
NEWS EMERGING MARKETS FEB 27, 2012
U.S. value buyers find gold in Europe's battered equities

By Dan Jamieson
NEWS INDUSTRY NEWS FEB 27, 2012
Graham disciple and Buffett favorite dead at 95

By Bloomberg
Merrill bias suit gains class action status
NEWS INDUSTRY NEWS FEB 27, 2012
Merrill bias suit gains class action status

Suit filed by broker in 2005 lives after appeals court reversal

By Andrew Osterland
NEWS INDUSTRY NEWS FEB 27, 2012
Smooth sailing now, but still plenty of head winds for U.S. economy: Morningstar

Expiring tax cuts, divided Congress and a hard landing in China among the chief worries

By Jeff Benjamin
NEWS REGULATION AND LEGISLATION FEB 27, 2012
Obama to the rich: Time to ante up

By Liz Skinner
NEWS INDUSTRY NEWS FEB 27, 2012
Markets hang in, despite Greek woes

By Jeff Benjamin