Industry News

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NEWS RETIREMENT PLANNING FEB 03, 2012
Legit financial advisers and scammers both targeting seniors

By Bloomberg
Now, Dems iffy about universal fiduciary duty
NEWS REGULATION AND LEGISLATION FEB 02, 2012
Now, Dems iffy about universal fiduciary duty

Influential senator tells NAIFA a single standard should not hinder investors' ability to get advice

By Bloomberg
Economist offers somber warning about U.S. recovery
NEWS INDUSTRY NEWS FEB 02, 2012
Economist offers somber warning about U.S. recovery

Reinhart says miles to go before economy gets back on track; 'only comparable reference point is the 1930s'

By Bloomberg
NEWS INDUSTRY NEWS FEB 02, 2012
Mesirow unloads $300M international equity team

Roosevelt Investments snags eight-person team and its four separately managed account strategies; investment firm not done shopping

By Bloomberg
NEWS PRACTICE MANAGEMENT FEB 02, 2012
More wirehouse brokers expected to bolt this year

By Dan Jamieson
Will Labor Department's request slow fiduciary proposal?
NEWS RETIREMENT PLANNING FEB 02, 2012
Will Labor Department's request slow fiduciary proposal?

DOL asking industry groups for a bevy of info on IRAs; data to be used in cost-benefit analysis

By Mark Schoeff Jr.
Steady supply of demand bodes well for U.S. economy
NEWS INDUSTRY NEWS FEB 02, 2012
Steady supply of demand bodes well for U.S. economy

Manufacturing numbers surprise, as do car and holiday sales; expansion mode

By John Goff
NEWS RIAS FEB 02, 2012
Retirement plan brokers outsource fiduciary duties

As the Labor Department and lobbyists wrangle over who can provide advice to retirement plan participants, the marketplace has come up with an increasingly popular solution that satisfies current and potential requirements.

By Darla Mercado
NEWS RETIREMENT PLANNING FEB 02, 2012
Taking care of those left behind

Ten years later, Bernard M. Kiely still works with three of the 9/11 widows he met after volunteering his services through the New Jersey Society of Certified Public Accountants

By Darla Mercado
What the Super Bowl means for the stock market
NEWS INDUSTRY NEWS FEB 01, 2012
What the Super Bowl means for the stock market

The big game is a classic indicator for equities

By Bloomberg
NEWS INDUSTRY NEWS FEB 01, 2012
Small banks thrive below regulators' radar

By MFXFeeder
NEWS PRACTICE MANAGEMENT FEB 01, 2012
Clients undergo a 'significant shift to austerity'

Advisers say something has changed dramatically in the minds of affluent, free-spending clients.

By Lavonne Kuykendall
NEWS LIFE INSURANCE AND ANNUITIES FEB 01, 2012
New Allianz Life boss won't tinker with controversial distribution model

Indexed annuity program rewarding big Allianz sellers with exclusive products here to stay

By Darla Mercado
Fairholme big looking for new home after surprise exit
NEWS INDUSTRY NEWS FEB 01, 2012
Fairholme big looking for new home after surprise exit

You wouldn't blame Bruce Berkowitz if he thought the world was ganging up on him. This year, he's been embroiled in a boardroom fight at St. Joe's. Clients have withdrawn billions from the firm's mutual funds. Meanwhile, Berkowitz' big bets on big financial companies have failed to pay off so far. And now, Charles Fernandez, co-manager of the firm's flagship fund, has resigned unexpectedly.

By InvestmentNews Staff
NEWS INDUSTRY NEWS JAN 31, 2012
Muni 'super downgrades' coming?

Due to a change in credit raters' methodologies, municipal issuers may be subject to substantial downgrades this summer, says one BlackRock big.

By John Goff
Headed to Indianapolis for the big game? Prepare for sticker shock
NEWS RETIREMENT PLANNING JAN 31, 2012
Headed to Indianapolis for the big game? Prepare for sticker shock

Flights to Indianapolis for the Super Bowl are pricey and admission is exorbitant, but the real shocker is what lodging is going for: The $1,333 motel room

By Bloomberg
Forget miles, go for cash back with credit cards
NEWS RETIREMENT PLANNING JAN 31, 2012
Forget miles, go for cash back with credit cards

Best vendors offer rewards that are automatically deposited into investment accounts, expert says

By Bloomberg
Mayor of N.Y. Giants' hometown rooting against the team
NEWS RIAS JAN 31, 2012
Mayor of N.Y. Giants' hometown rooting against the team

James Cassella, mayor of East Rutherford, N.J., the town where New York Giants play their home games, wants the team to beat the San Francisco 49ers Sunday, but lose a fight against paying property taxes on their headquarters and training center.

By Doug Cubberley
Maryland, California governors seek boost in taxes on wealthy
NEWS RIAS JAN 31, 2012
Maryland, California governors seek boost in taxes on wealthy

States join federal government in looking to affluent to help trim budget shortfalls

By Bloomberg
NFL QB-turned-adviser recalls infamous ESPN beat-down
NEWS RIAS JAN 31, 2012
NFL QB-turned-adviser recalls infamous ESPN beat-down

By IN Staff