Industry News

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Wealthy worried kids will fritter away inheritance
NEWS RIAS JAN 12, 2012
Wealthy worried kids will fritter away inheritance

Almost a quarter of wealthy individuals in the U.S. don't trust their children or stepchildren to protect the assets they plan on leaving the next generation.

By Liz Skinner
NEWS EQUITIES JAN 11, 2012
Buying bonds for safety is a losing strategy: Ave Maria manager

Buying bonds for safety, when so many stocks are yielding such attractive dividends, is a losing strategy: Ave Maria manager.

By Jeff Benjamin
More Morgan Keegan advisers hit the road
NEWS BROKER DEALERS JAN 11, 2012
More Morgan Keegan advisers hit the road

The trickle of advisers leaving Morgan Keegan & Co. since it was put on the block by parent Regions Financial Corp. in June is picking up volume.

By Andrew Osterland
NEWS RETIREMENT PLANNING JAN 11, 2012
Helping retired clients prepare for health care costs

By Darla Mercado
NEWS RIAS JAN 11, 2012
One simple solution: Outside auditors

By MFXFeeder
NEWS RETIREMENT PLANNING JAN 11, 2012
Health insurance premiums soar

U.S. workers' health insurance premiums rose 63% between 2003 and 2010 as employers shifted more of the burden of rising medical costs to individuals and families, according to a study from The Commonwealth Fund

By Bloomberg
Ultrarich well aware of tax loophole on unrealized gains
NEWS RETIREMENT PLANNING JAN 11, 2012
Ultrarich well aware of tax loophole on unrealized gains

Avoid paying the IRS using complicated stock sale strategies; effective tax rate for billionaires now down to 18%

By John Goff
U.S. may be entering another recession, Roubini says
NEWS INDUSTRY NEWS JAN 11, 2012
U.S. may be entering another recession, Roubini says

Economist Nouriel Roubini said the U.S. economy could be entering another recession just as policymakers' options dwindle and the European debt crisis looms

By Doug Cubberley
NEWS BROKER DEALERS JAN 11, 2012
Watchdog proposes Dodd-Frank standards for B-D audits

Accounting firms would have to consider how much risk their clients take when auditing brokerage firms under rules proposed by the Public Company Accounting Oversight Board.

By Doug Cubberley
NEWS INDUSTRY NEWS JAN 10, 2012
John Hussman: What to make of insiders' 'panic' selling

Since corporate insiders typically receive stock as part of their compensation, it is normal for insiders to sell about 2 shares on the open market for every share they purchase outright. Recently, however, insider sales have been running at a pace of more than 8-to-1.

By John Hussman
Schwab launches bundled 401(k) product
NEWS RETIREMENT PLANNING JAN 10, 2012
Schwab launches bundled 401(k) product

Schwab's new bundled 401(k), Index Advantage, will offer 40 low-cost funds covering about 16 asset classes.

By Dan Jamieson
NEWS INDUSTRY NEWS JAN 10, 2012
Cetera firma

The upstart network of Broker-Dealers was launched barely two years ago, amid an industry shakeout no less. But in that time, the firm has found solid footing, pulling off a string of acquisitions. Yesterday, Cetera struck again, acquiring Genworth's B-D and its 2,000 advisers.

By John Goff
BlackRock strategist Doll sees slow growth in 2012
NEWS INDUSTRY NEWS JAN 10, 2012
BlackRock strategist Doll sees slow growth in 2012

Blackrock's chief equity strategist Bob Doll gave a not-so-ringing endorsement of the U.S. economy and the stock market for 2012.

By Andrew Osterland
NEWS RIAS JAN 10, 2012
Congress, resolve to fix deficit and debt

There are many New Year's resolutions that would have been nice for our government to have made last week, but there was a vital one that should have been made — and kept.

By MFXFeeder
NEWS INDUSTRY NEWS JAN 10, 2012
Advisers, market watchers encouraged by upbeat jobs report

By Jeff Benjamin
Surprising jobs data a 'model mover' for some advisers
NEWS INDUSTRY NEWS JAN 10, 2012
Surprising jobs data a 'model mover' for some advisers

Positive news triggers rethinking of where markets are headed in 2012; GDP predictions revised upward

By Jeff Benjamin
Is gold's slide end-of-year profit-taking or start of rout?
NEWS INDUSTRY NEWS JAN 10, 2012
Is gold's slide end-of-year profit-taking or start of rout?

Price of bullion falls for fifth straight session; demand in India expected to plummet

By John Goff
Corzine sued by ex-MF Global employees over company stock
NEWS REGULATION AND LEGISLATION JAN 10, 2012
Corzine sued by ex-MF Global employees over company stock

A pair of former MF Global Holdings employees have filed a class action lawsuit against former CEO Jon Corzine and 11 other senior executives and directors over misleading them about the condition of the company.

By Andrew Osterland
NEWS INDUSTRY NEWS JAN 10, 2012
John Hussman: Nearly every asset class set for 'miserably low' returns

miserably low long-term returns.

By John Hussman
Buffett's new hired gun a stranger in town
NEWS INDUSTRY NEWS JAN 10, 2012
Buffett's new hired gun a stranger in town

Oracle plucks little-known hedge fund manager to help ran Berkshire's massive portfolio; 'brilliant move'

By John Goff