Industry News

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Challenges are ahead for variable annuity sales: Cerulli
NEWS LIFE INSURANCE AND ANNUITIES SEP 30, 2011
Challenges are ahead for variable annuity sales: Cerulli

Carriers think VAs are an attractive area for growth, but the product line faces some hurdles that may dampen sales.

By Darla Mercado
Veteran enforcement official leaving Finra
NEWS REGULATION AND LEGISLATION SEP 30, 2011
Veteran enforcement official leaving Finra

James Shorris to return to the private sector after seven years with regulator; had said private placement crackdown was top priority

By Dan Jamieson
NEWS INDUSTRY NEWS SEP 30, 2011
Finra top cop Susan Merrill joins law firm this week

Susan Merrill wants back in the private sector. So, after six years at Finra, the regulator's head of enforcement is taking a job at law firm Bingham McCutchen

By Dan Jamieson
New Ameriprise commercials take more conservative tone
NEWS INDUSTRY NEWS SEP 29, 2011
New Ameriprise commercials take more conservative tone

Tommy Lee Jones is Ameriprise Financial's new pitchman in ads that take a more conservative tone

By Darla Mercado
Raymond James in court over $1.7M arbitration settlement over suitability
NEWS LIFE INSURANCE AND ANNUITIES SEP 29, 2011
Raymond James in court over $1.7M arbitration settlement over suitability

Not-so-binding arbitration? Two months after Raymond James Financial Services Inc. was ordered to pay $1.7 million as a result of an arbitration decision over suitability, the broker-dealer and the client are arguing in court.

By Darla Mercado
Arnott's index — dubbed 'witchcraft' by Bogle —  now besting Vanguard
NEWS INDUSTRY NEWS SEP 29, 2011
Arnott's index — dubbed 'witchcraft' by Bogle — now besting Vanguard

Powershares fund out-running 500 Index fund; training his sights on bonds next

By John Goff
NEWS LIFE INSURANCE AND ANNUITIES SEP 28, 2011
Looking under the stable-value fund hood

Galliard Capital Management Inc.'s stable-value funds, designed to preserve principal in tumultuous times, drew more than four times the usual inflows in August as market volatility increased, said managing partner John Caswell

By Bloomberg
NEWS INDUSTRY NEWS SEP 28, 2011
Making college possible pays off down the road

Financial advisers who go beyond what is typical in terms of helping with college planning are finding that clients reward them later with assets

By Liz Skinner
Miller's crossing puts Peters under the gun
NEWS INDUSTRY NEWS SEP 27, 2011
Miller's crossing puts Peters under the gun

Transition of management at Legg Mason's flagship fund may worry some investors; 'you can't come in and be someone else'

By Jeff Benjamin
NEWS INDUSTRY NEWS SEP 27, 2011
Yield ahead as dividend-paying companies on the rise

In season of giving, Franklin's Perks says cash-rich businesses are giving back to shareholders

By Bloomberg
RJ ramping up its custody business
NEWS INDUSTRY NEWS SEP 27, 2011
RJ ramping up its custody business

Investment adviser division aims to triple current assets under administration; targeting RIAs with $100M-plus in assets

By Dan Jamieson
NEWS INDUSTRY NEWS SEP 27, 2011
INsider: P-E firms may be Morgan Keegan's last, best hope for deal

Souring market conditions may leave rival brokerages out of the running in sale of Regions' unit

By Bloomberg
Ponzi artist who helped trigger GunnAllen demise gets serious prison time
NEWS INDUSTRY NEWS SEP 27, 2011
Ponzi artist who helped trigger GunnAllen demise gets serious prison time

Ed May sentenced to 16 years; scheme lasted 10, cost investors nearly $50M

By Bloomberg
S&P 500 'probably going lower,' say chart watchers
NEWS INDUSTRY NEWS SEP 27, 2011
S&P 500 'probably going lower,' say chart watchers

Large-cap index broke through crucial 1,120 support level Monday; next floor down, 1,010

By Bloomberg
Vanguard goes all-indexed on target-risk funds
NEWS INDUSTRY NEWS SEP 27, 2011
Vanguard goes all-indexed on target-risk funds

Fund firm aims for consistency in peddling life cycle funds; passive management means lower costs

By Darla Mercado
Ameriprise workers sue over company's own 401(k) funds
NEWS RETIREMENT PLANNING SEP 27, 2011
Ameriprise workers sue over company's own 401(k) funds

Claim employer put retirement assets in proprietary funds that incurred $20M in excess costs

By Darla Mercado
American flags as standard-bearer fund sees substantial outflows
NEWS INDUSTRY NEWS SEP 27, 2011
American flags as standard-bearer fund sees substantial outflows

Redemptions at American Funds is on the rise -- for the fourth straight year. And in August, its standard-bearer Growth Fund of America finally lost its place as the largest mutual fund in the U.S. To stem the tide, the fund firm is actively reaching out to advisers. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&amp;Dato=20110927&amp;Kategori=FREE&amp;Lopenr=927009999&amp;Ref=PH>The fund firms advisers are most loyal to</a>

By John Goff
NEWS FINTECH SEP 27, 2011
How advisers can really make tech pay off

Financial advisers often equate technology with progress. And while it can be one of the major keys to unlocking profitability, it also can be responsible for strangling and stifling your firm.

By Davis Janowski
NEWS INDUSTRY NEWS SEP 27, 2011
Roubini: Without stimulus, another Great Depression

The slowdown in the world economy has accelerated the timing and likelihood of a new global financial crisis, gloom-and-doom economist Nouriel Roubini said last week

By Bloomberg
MetLife leads VA sales as top firms gain share
NEWS LIFE INSURANCE AND ANNUITIES SEP 27, 2011
MetLife leads VA sales as top firms gain share

MetLife Inc., the largest U.S. life insurer, regained the top spot in variable-annuity sales in the first half of the year, leading a group of five firms expanding their dominance in the industry.

By Doug Cubberley