Industry News

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Commodity inflows set for a healthy gain in 2012
NEWS INDUSTRY NEWS APR 19, 2012
Commodity inflows set for a healthy gain in 2012

Investors are expected to favor oil, gold and copper in what should be a strong recovery over 2011 for commodities

By Doug Cubberley
Natural resources a natural selection for investors
NEWS INDUSTRY NEWS APR 19, 2012
Natural resources a natural selection for investors

Evolving world has fewer raw materials, but more demand; time to pounce, fund manager says

By Jeff Benjamin
Wells Fargo's buy of Merlin spells entry into prime brokerage biz
NEWS WIREHOUSES APR 18, 2012
Wells Fargo's buy of Merlin spells entry into prime brokerage biz

Purchase will boost bank's clearing and record-keeping capabilities

By John Goff
NEWS INDUSTRY NEWS APR 18, 2012
The refuseniks

The day after the filing deadline, we take a look at 11 of the more ridiculous legal arguments cited by tax protesters for not rendering unto Uncle Sam.

By John Goff
NEWS INDUSTRY NEWS APR 18, 2012
Shake it up

Broker-dealer powerhouse LPL on Wednesday announced it's rejiggering its top brass. The main move: firm veteran Esther Stearns is being moved out to head a new subsidiary.

By John Goff
NEWS INDUSTRY NEWS APR 18, 2012
Ex-LPL rep gets long spell in prison

By Bruce Kelly
Gingrich's charitable giving not so charitable, data show
NEWS RETIREMENT PLANNING APR 18, 2012
Gingrich's charitable giving not so charitable, data show

Candidate's donations lower than most in his income bracket; conservatives tend to give more

By John Goff
NEWS BROKER DEALERS APR 18, 2012
LPL isn't only B-D that hits brokers with an affiliation fee

LPL Financial LLC isn't alone in charging registered representatives and financial advisers a flat fee for doing business with the firm

By Bruce Kelly
Krawcheck: Clients like their advisers — but not the firms they work for
NEWS INDUSTRY NEWS APR 18, 2012
Krawcheck: Clients like their advisers — but not the firms they work for

It's been about two months since Sallie Krawcheck was ousted from her job at Bank of America Global Wealth Management. Today at a SIFMA conference, the former Citi CFO praised advisers. She was less generous about the actual firms that advisers work for.

By Andrew Osterland
NEWS PRACTICE MANAGEMENT APR 18, 2012
So long, Sallie: BofA gives Krawcheck $6M golden handshake

BofA gives Krawcheck $6M golden handshake

By Mark Bruno
NEWS INDUSTRY NEWS APR 18, 2012
Merrill reorg gives the driver's key to Thiel

John Thiel, Bank of America Merrill Lynch's new boss, has put his own stamp on the business with a revamped and leaner management structure

By Dan Jamieson
Thundering Herd should stay stable post-Krawcheck
NEWS WIREHOUSES APR 18, 2012
Thundering Herd should stay stable post-Krawcheck

Life continues to get more complicated for Merrill Lynch advisers operating under the umbrella of beleaguered parent Bank of America Corp.

By Andrew Osterland
NEWS INDUSTRY NEWS APR 18, 2012
Krawcheck bounced at BofA

In a surprise move, Bank of America announced that wealth management head Sallie Krawcheck has been ousted and replaced by David Darnell.

By John Goff
NEWS INDUSTRY NEWS APR 18, 2012
Top stock picker excels by investing in risky debt

Thomas Soviero has unseated Ken Heebner as manager of the best-performing diversified U.S. stock fund over the past 10 years

By Bloomberg
NEWS INDUSTRY NEWS APR 17, 2012
Jeffrey Saut: Be conservative, but not conventional

By Jeffrey D. Saut
Don't look for correction in market correction, says Doll
NEWS INDUSTRY NEWS APR 17, 2012
Don't look for correction in market correction, says Doll

BlackRock strategist sees equities possibly shedding up to 7% of value; 'a guessing game'

By DJAMIESON
NEWS LIFE INSURANCE AND ANNUITIES APR 17, 2012
Advisers, B-Ds step back from The Hartford

By Darla Mercado
1,600 Woodbury reps await fate after Hartford purge
NEWS INDUSTRY NEWS APR 17, 2012
1,600 Woodbury reps await fate after Hartford purge

The dramatic reorganization at The Hartford leaves 1,600 reps at Woodbury Financial with a very uncertain future | <a href=http://www.investmentnews.com/article/20120321/FREE/120329977>Exit from the annuity business a shocker to advisers &amp;raquo;</a>

By Bruce Kelly
Schwab stepping up its advice game
NEWS RIAS APR 17, 2012
Schwab stepping up its advice game

A recent survey of Schwab's clients found that only a third of investors felt comfortable making their own investment decisions. Marie Chandoha, president and chief executive, is targeting the remainder.

By Jason Kephart
NEWS RIAS APR 17, 2012
Advisers find slim pickings as VA market contracts

By Darla Mercado