Industry News

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Students' council: Go to college now, pay for it later
NEWS RETIREMENT PLANNING JAN 18, 2012
Students' council: Go to college now, pay for it later

University of California undergrads propose 20-year tuition plan; five percent solution?

By Bloomberg
California Dems eye college fees that are up 145% since 2004
NEWS RETIREMENT PLANNING JAN 18, 2012
California Dems eye college fees that are up 145% since 2004

Look to end tax loophole for businesses, use proceeds to provide more financial aid to students

By John Goff
Student loans the 'next debt bomb' for U.S., attorneys warn
NEWS RETIREMENT PLANNING JAN 18, 2012
Student loans the 'next debt bomb' for U.S., attorneys warn

Courts reluctant to discharge loans, often forcing graduates to pay off enormous sums; parents increasingly on the hook, too

By Bloomberg
Ivy League school rolls out largest tuition hike in six years
NEWS RETIREMENT PLANNING JAN 18, 2012
Ivy League school rolls out largest tuition hike in six years

CPI up 3 percent, but Princeton raises prices by nearly 5 percent

By John Goff
NEWS INDUSTRY NEWS JAN 18, 2012
Go ahead, soak the rich

Millionaires overwhelmingly support the Buffett tax on the wealthy. The catch? Millionaires also say they're not wealthy -- and therefore should not be hit with the surcharge.| <b>Extra</b> <a href=http://edit.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20120112&amp;Category=FREE&amp;ArtNo=112009999&amp;Ref=PH>10 worst states for retirement &amp;raquo;</a>

By John Goff
TD Ameritrade rakes in $10.2B in net new assets in the fourth quarter
NEWS INDUSTRY NEWS JAN 18, 2012
TD Ameritrade rakes in $10.2B in net new assets in the fourth quarter

TD Ameritrade Institutional is helping its parent company bring in higher levels of net new assets.

By Dan Jamieson
NEWS RIAS JAN 18, 2012
A call for responsible social-media usage

By MFXFeeder
'Piranhas' attacking Morgan Keegan after RJ buy
NEWS INDUSTRY NEWS JAN 18, 2012
'Piranhas' attacking Morgan Keegan after RJ buy

In a bold move, the normally conservative Raymond James agreed to buy Morgan Keegan for $930 million. Now, the company will have to keep recruiters at bay while it tries to hold onto the brokerage's top talent.

By Bloomberg
Gamco's new high conviction fund swings for the fences
NEWS INDUSTRY NEWS JAN 18, 2012
Gamco's new high conviction fund swings for the fences

Will invest half of assets into just five stocks

By Bloomberg
Carat tops bullion as next big thing for investors: BMO
NEWS INDUSTRY NEWS JAN 18, 2012
Carat tops bullion as next big thing for investors: BMO

Diamonds stick pins in gold bubble; demand for gems far outstripping supply

By John Goff
NEWS TAX JAN 18, 2012
'Class warfare' could stick wealthy with higher taxes

Class warfare is likely to be a major theme of the 2012 election, with bottom-line consequences for financial advisers' affluent clients.

By Andrew Osterland
BNY Mellon sued for negligence over Madoff
NEWS RIAS JAN 18, 2012
BNY Mellon sued for negligence over Madoff

Bank of New York Mellon Corp. was sued on behalf of three funds for negligence in connection with the Ponzi scheme run by convicted fraudster Bernard L. Madoff.

By Doug Cubberley
Gingrich's gift to highest earners
NEWS RIAS JAN 18, 2012
Gingrich's gift to highest earners

Analysis of Newt Gingrich's tax plan would cut taxes for 70% of households and reduce rates for the highest earners compared with what they pay now.

By Doug Cubberley
NEWS RIAS JAN 18, 2012
Advisers who are fee-based feel handcuffed

It's anything but a virtuous cycle. The markets are down. Financial advisers who base their fees on assets under management are hurting. The only fix? Raise prices. But how can you in this market?

By Lavonne Kuykendall
NEWS LIFE INSURANCE AND ANNUITIES JAN 18, 2012
John Hancock latest to yank annuity offerings, pare distribution

Under pressure from a challenging economic environment, John Hancock Life Insurance Co. has pulled back on its annuity distribution and expects to withdraw an array of fixed, variable and immediate annuities

By Darla Mercado
NEWS INDUSTRY NEWS JAN 17, 2012
What's in Capital One's wallet? ING's online bank

Planned purchase of ING Direct gets nod from Federal Reserve

By John Goff
Another big custodian cutting its payroll
NEWS PRACTICE MANAGEMENT JAN 17, 2012
Another big custodian cutting its payroll

Northern Trust latest to downsize; total layoffs among top three custody banks could top 4,450

By John Goff
The truth about $300B worth of 'Manila' paper
NEWS RETIREMENT PLANNING JAN 17, 2012
The truth about $300B worth of 'Manila' paper

Bearer bonds from alleged Philippines plane crash are little more than wallpaper

By Doug Cubberley
NEWS INDUSTRY NEWS JAN 17, 2012
Flagging

When it comes to passive versus active fund management, investors seem to be voting with their feet. No fund has felt the effects more than American Funds Growth Fund of America. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20120116&amp;Category=FREE&amp;ArtNo=116009999&amp;Ref=PH>Fund families that bet big on their own funds &amp;raquo;</a>

By John Goff
NEWS INDUSTRY NEWS JAN 17, 2012
INsider: Investors tuned in to Greek drama, not rest of Europe

Markets want cash-strapped nation 'off the front page'; holding action for now

By Bloomberg