Industry News

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NEWS INDUSTRY NEWS FEB 10, 2012
4% withdrawal rule called into question

For nearly two decades, financial advisers have operated under the assumption that retired clients can withdraw a maximum of 4% of their nest egg each year. Now, the thinking is changing. <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20120112&amp;Category=FREE&amp;ArtNo=112009999&amp;Ref=PH>10 worst states for retirement &amp;raquo</a>

By Darla Mercado
Is swimming phenom smart to turn down pool of cash?
NEWS RETIREMENT PLANNING FEB 10, 2012
Is swimming phenom smart to turn down pool of cash?

World aghast that Missy Franklin clings to amateur standing, but sports agent says the move could pay off in the long run

By Lavonne Kuykendall
How to put clients' retirement dreams back together again
NEWS RETIREMENT PLANNING FEB 09, 2012
How to put clients' retirement dreams back together again

Three advisers offer advice about rebuilding shattered nest eggs -- and hopes

By John Goff
Roubini: Different year, same problems
NEWS INDUSTRY NEWS FEB 09, 2012
Roubini: Different year, same problems

All asset classes still subject to uncertainties that plagued 2011, says Dr. Doom

By John Goff
Santorum's tax plan would add $1.3T to deficit, study finds
NEWS RIAS FEB 09, 2012
Santorum's tax plan would add $1.3T to deficit, study finds

Plenty of cuts 'but doesn't get rid of anything to help pay for that,' says Tax Policy Center

By John Goff
Insurer-owned indie B-Ds going the way of VHS?
NEWS LIFE INSURANCE AND ANNUITIES FEB 09, 2012
Insurer-owned indie B-Ds going the way of VHS?

Once the dominant player in the industry, carriers seeing reps exit; consolidation puts squeeze on

By Bruce Kelly
Large-caps will shatter earnings record in 2012: ING big
NEWS INDUSTRY NEWS FEB 09, 2012
Large-caps will shatter earnings record in 2012: ING big

Earnings per share of S&amp;P 500 to reach eyepopping $115, says Cote: 'investor sentiment a contra-indicator'

By Jeff Benjamin
NEWS RIAS FEB 09, 2012
Sluggish start, but recruiting moves heating up to close 2011

While some aspects of recruiting activity in the brokerage industry appears to have slowed a bit in 2011, things have started to heat up as of late -- with a number of large teams recently changing place, according to data tracked by <i>InvestmentNews.</i>

By Mark Bruno
NEWS BROKER DEALERS FEB 08, 2012
Chart of the day: LPL down nearly 10% on earnings miss

LPL posted a profit for the fourth quarter, but missed its earnings estimates causing the stock to drop nearly 10% today.

By Mark Bruno
Tomczyk: Long-term rates won't stay low for long
NEWS RIAS FEB 08, 2012
Tomczyk: Long-term rates won't stay low for long

TD's CEO sees those rates rising this year; short-term interest rates likely to stay low

By Bloomberg
Long-awaited FaceBook IPO close: Report
NEWS INDUSTRY NEWS FEB 08, 2012
Long-awaited FaceBook IPO close: Report

WSJ says initial public offering could come next week; deal would likely raise $10B

By John Goff
Treasuries off to their worst start since 2003
NEWS FIXED INCOME FEB 08, 2012
Treasuries off to their worst start since 2003

A U.S. report showed home sales rose for a third month in December, adding to signs including falling claims for jobless benefits that the world's largest economy is gaining momentum.

By Doug Cubberley
UBS adviser arm to pay $300K for alleged misstated fund values
NEWS INDUSTRY NEWS FEB 08, 2012
UBS adviser arm to pay $300K for alleged misstated fund values

Firm didn't take into account $22M actually paid for the securities, commission contends

By Bloomberg
NEWS INDUSTRY NEWS FEB 08, 2012
Dividend-paying stocks are now outperforming bonds

Dividends have long provided an extra boost to stock performance, but it is extremely rare for dividend-paying stocks to stack up as well against bonds, as they are today.

By MFXFeeder
NEWS INDUSTRY NEWS FEB 08, 2012
Prepaid college savings plans are healthier, but advisers remain wary

By Liz Skinner
NEWS INDUSTRY NEWS FEB 08, 2012
LPL to buy Fortigent in 'massive development in the industry'

The wrapper's barely off the new year and LPL has already made another big move, agreeing to buy RIA Fortigent. One industry watcher says the deal is, in fact, a very big deal. Here's why.

By Bruce Kelly
NEWS INDUSTRY NEWS FEB 08, 2012
LPL's tech, compliance upgrades win Carson over

Adviser with $2.7B in AUM reverses course, drops plan to start own broker-dealer; says reasons to form B-D 'evaporated'

By Bruce Kelly
RIA M&A pace, prices up again in third quarter
NEWS RIAS FEB 08, 2012
RIA M&A pace, prices up again in third quarter

Registered investment advisory firm mergers-and-acquisitions activity is at a boil this year, and the pace likely will continue, as long as volatile investment markets don't distract buyers.

By Lavonne Kuykendall
Done deal: Mutual Fund Store sells stake to Warburg Pincus
NEWS RIAS FEB 08, 2012
Done deal: Mutual Fund Store sells stake to Warburg Pincus

The Mutual Fund Store, one of the largest RIA firms in the industry, has inked a deal to sell a controlling stake in its business to private equity firm Warburg Pincus. The announcement comes one month after <i>InvestmentNews</i> first reported that a deal for the RIA was in the works, which founder Adam Bold (pictured) denied at the time.

By InvestmentNews Staff
NEWS RIAS FEB 07, 2012
Focus Financial closes hot 2012 with yet another deal

Purchase of Merriman hikes firms' AUM to nearly $60 billion; more TBA?

By Liz Skinner