Industry News

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NEWS INDUSTRY NEWS APR 13, 2012
Pershing adds huge 529 plan to its platform

By Liz Skinner
Obama budget raises taxes for 27% of households
NEWS RIAS APR 13, 2012
Obama budget raises taxes for 27% of households

Obama's budget would raise marginal tax rates to a maximum of 39.6%, up from 35%. High-income taxpayers would also face higher rates on investment income and limits on deductions.

By Doug Cubberley
NEWS WIREHOUSES APR 13, 2012
Goldman flap drives home fiduciary issue

By Darla Mercado
NEWS RIAS APR 13, 2012
RJ says that RIA custody is a 'strategic imperative'

By Dan Jamieson
NEWS INDUSTRY NEWS APR 13, 2012
Adviser in DOL probe denies charges he stole funds

An attorney for Matthew Hutcheson, a well-known fiduciary advocate who is being investigated by the Labor Department for alleged abuses in handling his clients' retirement funds, is asserting that his client has done nothing wrong and that the money is safe

By Darla Mercado
NEWS FIXED INCOME APR 12, 2012
Bond buyers betting on big bounce-back for Treasuries

By Bloomberg
Goldman exec: Firm only interested in one thing — and it's not helping clients
NEWS INDUSTRY NEWS APR 12, 2012
Goldman exec: Firm only interested in one thing — and it's not helping clients

Smith claims bank's only concern is making money off customers; 'makes me ill'

By John Goff
NEWS INDUSTRY NEWS APR 12, 2012
Ex-NBA star David Robinson now managing money

NBA hall-of-famer David Robinson scores $15M From Texas Teacher's pension fund

By Bloomberg
Any more juice left in Apple's shares?
NEWS INDUSTRY NEWS APR 12, 2012
Any more juice left in Apple's shares?

Stock price now above $500; 'still inexpensive'

By John Goff
FaceBook IPO should float T. Rowe's boat
NEWS INDUSTRY NEWS APR 12, 2012
FaceBook IPO should float T. Rowe's boat

Mutual fund holds 5.2% interest in social networking company; also has large stake in LinkedIn

By John Goff
NEWS REGULATION AND LEGISLATION APR 12, 2012
Ex-Red Sox backstop wins $1.2M in damages from Merrill

Not every ballplayer can cash in like Prince Fielder, but at least arbitrators were there to backstop ex-Red Sox catcher Doug Mirabelli, awarding the knuckleball specialist $1.2 million in a suitability case involving Merrill Lynch.

By Bloomberg
NEWS INDUSTRY NEWS APR 11, 2012
Vanguard Primecap manager dies at 84

By Jason Kephart
NEWS RIAS APR 11, 2012
Is Pinterest the next big social network for advisers?

By Bloomberg
NEWS INDUSTRY NEWS APR 11, 2012
When tax men attack

New data shows that nearly one out of every three high net-worth filers were audited by the IRS in 2011 -- and that percentage could go up this year.

By John Goff
NEWS RIAS APR 11, 2012
If corporate tax rates were to drop

Some companies would benefit, but others would take a hit to earnings

By MFXFeeder
Rejiggering at UBS wealth management 'a big deal for retail'
NEWS WIREHOUSES APR 11, 2012
Rejiggering at UBS wealth management 'a big deal for retail'

Bob Mulholland, who was head of the wealth-management adviser group, was named head of wealth management and investment solutions

By Bruce Kelly
NEWS RIAS APR 11, 2012
SEC's new advisory cop learned beat at Legg Mason

By Liz Skinner
NEWS REGULATION AND LEGISLATION APR 11, 2012
SEC bound to protect less sophisticated investors

The following is an edited version of a speech given Sept. 12 by Elisse B. Walter, a member of the Securities and Exchange Commission, in Wichita, Kan., at the annual conference of the North American Securities Administrators Association Inc.

By MFXFeeder
Federated not done shopping for money market funds
NEWS MUTUAL FUNDS APR 10, 2012
Federated not done shopping for money market funds

Federated Investors Inc.'s pending acquisition of $5 billion in money market fund assets from Fifth Third Bancorp could be just the beginning of a spending spree.

By JKEPHART
NEWS RETIREMENT PLANNING APR 10, 2012
Advisers: Let me coach you on Social Security claiming-strategies

IRI agrees SS claiming strategies are crucial to a holistic retirement income plan. Send your SS questions to me and I'll post my answers.

By Mary Beth Franklin