Industry News

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NEWS BROKER DEALERS MAR 08, 2012
LPL is gunning for hotshot reps

By Bruce Kelly
Guggenheim said to weigh bid for Deutsche Bank's fund biz
NEWS INDUSTRY NEWS MAR 08, 2012
Guggenheim said to weigh bid for Deutsche Bank's fund biz

Guggenheim Partners LLC is among the companies preparing to bid for Deutsche Bank AG's asset-management divisions.

By Doug Cubberley
NEWS INDUSTRY NEWS MAR 08, 2012
Shorting long-term care

Although most adults agree that the recession has necessitated new long-term financial plans, they continue to ignore long-term-care insurance.

By Ashley Tavoularis
Guggenheim scoops up insurer to build fixed indexed annuities
NEWS LIFE INSURANCE AND ANNUITIES MAR 08, 2012
Guggenheim scoops up insurer to build fixed indexed annuities

Guggenheim Partners LLC is ramping up its presence in the fixed-indexed-annuity realm with the purchase of an insurer

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES MAR 08, 2012
Long-term care: Cutting back coverage

When a 74-year-old client visited Ellen R. Siegel six years ago with news of an upcoming 12% rate increase on the premium of her long-term-care insurance, the adviser knew she had to navigate the potential benefit cuts with the precision of a surgeon.

By Darla Mercado
NEWS INDUSTRY NEWS MAR 07, 2012
Where GLD's $70B in gold is hidden

By Mark Bruno
NY to issue tougher regs on death benefits: Source
NEWS LIFE INSURANCE AND ANNUITIES MAR 07, 2012
NY to issue tougher regs on death benefits: Source

Will make lump-sum payment the default option; policyholders must opt in for retained-asset accounts

By John Goff
B-D group: SIPC right, SEC wrong in Stanford clash
NEWS REGULATION AND LEGISLATION MAR 07, 2012
B-D group: SIPC right, SEC wrong in Stanford clash

NAIBD calls commission's insistence that agency cover Stanford losses 'a misfit solution'

By Dan Jamieson
Advisers who went indie say the move has paid off: Fidelity
NEWS RIAS MAR 07, 2012
Advisers who went indie say the move has paid off: Fidelity

In a survey of 173 advisers who went independent in the past five years, 76% said they are better off financially because of the move.

By Bloomberg
NEWS RIAS MAR 07, 2012
TD's Bradley: $340B in breakaway pipeline

TD Ameritrade's Tom Bradley sits down with InvestmentNews deputy editor Frederick P. Gabriel Jr.

By Mark Bruno
Schwab sues banks for manipulating Libor rates
NEWS REGULATION AND LEGISLATION MAR 07, 2012
Schwab sues banks for manipulating Libor rates

Charles Schwab has sued Bank of America Corp., Citigroup Inc. and other banks. The reason? The brokerage claims they conspired to depress Libor rates by understating their borrowing costs. That, in turn, lowered the interest rates on short-term paper that Schwab mutual funds bought from the banks, the suit alleges.

By Doug Cubberley
NEWS INDUSTRY NEWS MAR 06, 2012
Strategist: Obama's muni bond tax plans will devalue portfolios

By James Colby
NEWS RIAS MAR 06, 2012
Expiring surrender charges force clients to make tough choices

By Jason Kephart
NEWS TAX MAR 06, 2012
Raise age for Social Security, affluent Americans say

By Bloomberg
NEWS WIREHOUSES MAR 06, 2012
Do-it-yourself model gaining ground on advisers

By Andrew Osterland
MUB drubbed as price of biggest muni ETF plunges
NEWS RETIREMENT PLANNING MAR 06, 2012
MUB drubbed as price of biggest muni ETF plunges

iShares S&P National AMT-Free Bond Fund records largest loss since 2008; 'extremely overvalued'

By John Goff
NEWS INDUSTRY NEWS MAR 06, 2012
Chart of the day: Investors' obsession with gold

Gold is up roughly 13% since the beginning of the year and a number of bullion bulls - <a href=&quot;http://www.investmentnews.com/article/20120220/FREE/120229998&quot;>including John Paulson</a> - are becoming more vocal about the prospects of gold prices going forward.

By Mark Bruno
NEWS RIAS MAR 06, 2012
How RIAs are using interns

In recent weeks, since <i>InvestmentNews</i> announced the launch of our <a href=http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20111215/FREE/111219955>Next Generation</a> initiative, I have had a number of conversations about internships and how different types of advisory firms and brokerages actually use interns.

By Mark Bruno
'Catastrophic' glut of natural gas sends prices plunging
NEWS INDUSTRY NEWS MAR 06, 2012
'Catastrophic' glut of natural gas sends prices plunging

Supplies piling up as warm winter weather lessens demand; 'a situation that has never been seen before'

By John Goff
Wealthy to invest more in commodities, cut cash: Survey
NEWS ALTERNATIVES MAR 06, 2012
Wealthy to invest more in commodities, cut cash: Survey

Wealthy investors will shift more money into commodities, real estate and direct investments in private companies, a survey has found.

By Doug Cubberley