Industry News

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Fund ready to place bets on individual mortgages
NEWS INDUSTRY NEWS JAN 27, 2012
Fund ready to place bets on individual mortgages

The housing market might be down, but that has not eliminated the $13 trillion mortgage marketplace, which is rich with investment opportunities.

By Jeff Benjamin
NEWS INDUSTRY NEWS JAN 27, 2012
McCann: Despite UBS woes, wealth management unit staging turnaround

Between a horrible investment-banking environment and an embarrassing $2.3 billion loss incurred by a London-based trader, UBS AG had a tough third quarter

By Andrew Osterland
NEWS INDUSTRY NEWS JAN 27, 2012
LPL custody exec departs

Trust Company of America has hired industry veteran Bob Oros as vice president and national sales manager.

By Jeff Benjamin
NEWS INDUSTRY NEWS JAN 26, 2012
The secret to picking dividend stocks? A certain ratio

North Star's Farrell offers formula for finding best bets among dividend-paying shares

By Darla Mercado
These three companies are dividend superstars
NEWS EQUITIES JAN 26, 2012
These three companies are dividend superstars

When it comes to shareholder payouts, a trio of businesses stand out, says Goldman PM Troy Shaver

By Jeff Benjamin
Will cash-rich Apple peel off a few bills for shareholders?
NEWS INDUSTRY NEWS JAN 26, 2012
Will cash-rich Apple peel off a few bills for shareholders?

Sitting on nearly $100B in cash, tech giant said to be readying $2 a share dividend

By John Goff
NEWS INDUSTRY NEWS JAN 26, 2012
Note to clients: Stocks off to white-hot start in 2012

Best performance in 18 years; 'people expected things to be a lot worse'

By John Goff
No end to dividend bonanza, says Sterne Agee strategist
NEWS INDUSTRY NEWS JAN 26, 2012
No end to dividend bonanza, says Sterne Agee strategist

Cautious investors missing out on solid returns, says Harris; corporate cash 'will continue to pile up'

By Bloomberg
NEWS RIAS JAN 26, 2012
Former E*Trade CEO leads management buyout of Jefferson

By Bloomberg
Sure sign? Short-seller Einhorn suddenly going long on stocks
NEWS INDUSTRY NEWS JAN 26, 2012
Sure sign? Short-seller Einhorn suddenly going long on stocks

Fund manager David Einhorn has made a fortune betting against stocks. So why is the legendary short suddenly going long on U.S. equities?

By John Goff
New York Life splits life insurance, investment operations
NEWS LIFE INSURANCE AND ANNUITIES JAN 26, 2012
New York Life splits life insurance, investment operations

Annuities to be slotted under the latter; retirement income boss Chris Blunt to oversee insurance

By Darla Mercado
Why hanging on to your older fixed annuity is a solid bet
NEWS LIFE INSURANCE AND ANNUITIES JAN 26, 2012
Why hanging on to your older fixed annuity is a solid bet

Older fixed annuities, ones that hold 3% guaranteed minimum rates, are looking pretty attractive right now

By Darla Mercado
Schwarzman backs Romney as Wall Street shuns Obama
NEWS RETIREMENT PLANNING JAN 26, 2012
Schwarzman backs Romney as Wall Street shuns Obama

Stephen Schwarzman, chairman of the Blackstone Group LP, will host a fundraiser for Mitt Romney next month as like-minded donors turn their backs on President Obama.

By Doug Cubberley
Merrill Lynch said to yank Janus funds from platform
NEWS INDUSTRY NEWS JAN 26, 2012
Merrill Lynch said to yank Janus funds from platform

Brokerage said to pull Twenty and Forty funds from offerings; 'outlfows are clearly getting worse'

By John Goff
'Extreme readings' point to market pullback
NEWS INDUSTRY NEWS JAN 25, 2012
'Extreme readings' point to market pullback

RIS, VIX indicated stocks have run out of steam; 'exhaustion tops'

By John Goff
NEWS INDUSTRY NEWS JAN 25, 2012
N.Y. B-D down: Ticonderoga expected to halt operations by end of week

Ticonderoga Securities LLC, the New York brokerage with about 75 employees, will halt operations after an attempt to boost capital fell through, according to people with direct knowledge of the decision.

By Mark Bruno
NEWS WIREHOUSES JAN 25, 2012
Wirehouse market share has shriveled since crisis

By Andrew Osterland
Mitt Romney's income no ordinary income
NEWS RIAS JAN 25, 2012
Mitt Romney's income no ordinary income

Candidate's earnings taxed as carried interest; 'ordinary people wouldn't be able to do this'

By John Goff
The secrets of Social Security
NEWS TAX JAN 25, 2012
The secrets of Social Security

Even for the typically affluent clients of financial advisers, informed decisions about how and when to claim Social Security benefits can mean thousands of extra dollars a year, and tens of thousands of dollars over a lifetime. Are you prepared to advise clients on this crucial decision?

By Mary Beth Franklin
Americans welcome back leverage when credit is cheap enough
NEWS RIAS JAN 25, 2012
Americans welcome back leverage when credit is cheap enough

Americans are back in the borrowing mood, and even the wealthy are getting in on it when the credit is cheap enough, according to advisers.

By Liz Skinner