Industry News

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Politics over problem-solving needs to change: former Pres. Clinton
NEWS INDUSTRY NEWS JUN 08, 2012
Politics over problem-solving needs to change: former Pres. Clinton

Former President Clinton applauded for saying U.S. needs détente in Washington to rebuild trust at Pershing LLC conference

By DJAMIESON
Bleak outlook means opportunity … to a point
NEWS EQUITIES JUN 08, 2012
Bleak outlook means opportunity … to a point

Speakers at a gathering of Hatteras Funds advisers chimed in on the markets

By Jeff Benjamin
Stiglitz: Recession way more likely if Romney wins
NEWS INDUSTRY NEWS JUN 08, 2012
Stiglitz: Recession way more likely if Romney wins

Nobel laureate Joseph Stiglitz says Mitt Romney's austerity program would stifle the economy -- and 'significantly' raise the likelihood of another recession.

By John Goff
NEWS RETIREMENT PLANNING JUN 08, 2012
Health becoming new focus of wealth

By MFXFeeder
NEWS INDUSTRY NEWS JUN 07, 2012
Non-performers

A new study shows that most post-IPO/merger nontraded REITs over the past two decades have badly lagged industry benchmarks. The reason? Hefty fees.

By Doug Cubberley
NEWS INDUSTRY NEWS JUN 07, 2012
Prognosticating on practice values

By Joni Youngwirth
NEWS REGULATION AND LEGISLATION JUN 07, 2012
Inland 'cooperating fully' with SEC investigators, chairman says

By Bruce Kelly
NEWS FIXED INCOME JUN 07, 2012
SEC to start enforcing municipal bond disclosure rules

By Bloomberg
NEWS FIXED INCOME JUN 07, 2012
Muni bust still a fear for investors

By Jeff Benjamin
NEWS INDUSTRY NEWS JUN 06, 2012
Alabamans in prepaid college plan may have to settle for less

Investors in Alabama's prepaid college plan are a step closer to an agreement with the state that would cap the amount those students receive at an amount less than the full tuition they were promised when they signed up for the contracts.

By Liz Skinner
Wells Fargo latest to offer fee-based VAs
NEWS RETIREMENT PLANNING JUN 06, 2012
Wells Fargo latest to offer fee-based VAs

Firm joins the likes of LPL Financial, Commonwealth and Royal Alliance

By Darla Mercado
Axa looks to terminate 'costly' VA death benefits with swap deal
NEWS RETIREMENT PLANNING JUN 06, 2012
Axa looks to terminate 'costly' VA death benefits with swap deal

Axa aims to offer VA policyholders a hike in account value if they agree to cancel a generous death benefit. If the plan works, expect other insurers to follow suit. Says one industry watcher: 'The floodgates will open.'

By Darla Mercado
How much does it cost to raise a kid? $235K — not including college
NEWS INDUSTRY NEWS JUN 06, 2012
How much does it cost to raise a kid? $235K — not including college

New government data shows child-rearing an expensive proposition; pressure an added cost

By John Goff
Forces beyond his control hound Obama
NEWS INDUSTRY NEWS JUN 06, 2012
Forces beyond his control hound Obama

Europe's debt crisis, 8% unemployment and a decisive GOP recall victory in Wisconsin paint a bleak picture for President Obama's re-election bid.

By Mark Schoeff Jr.
Finra as SRO regulator a 'foregone conclusion,' says industry watcher
NEWS RIAS JUN 06, 2012
Finra as SRO regulator a 'foregone conclusion,' says industry watcher

Hamburger thinks other options — the SEC, a new regulator — not viable; 'bad blood'

By DJAMIESON
NEWS INDUSTRY NEWS JUN 06, 2012
Mind the gap

New data shows that the difference in pay at wirehouses and independent firms has narrowed dramatically in recent years. This should be big news for advisers contemplating going indie.

By John Goff
NEWS RETIREMENT PLANNING JUN 06, 2012
Planning ahead for digital remains

By Liz Skinner
NEWS INDUSTRY NEWS JUN 06, 2012
Penson clearing out of U.S. clearing industry

By Bruce Kelly
NEWS RIAS JUN 06, 2012
Why your financial performance matters now more than ever

By Mark Bruno
NEWS RETIREMENT PLANNING JUN 06, 2012
Annuities fell in 1Q; indexed up

By Darla Mercado