Industry News

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Right now, raw materials a raw deal for investors
NEWS INDUSTRY NEWS DEC 28, 2011
Right now, raw materials a raw deal for investors

Commodities prices plummeting as speculators cut long bets; for many, portfolio position the 'fetal position'

By John Goff
Gold drops below $1,600 as stronger dollar muscles in
NEWS INDUSTRY NEWS DEC 28, 2011
Gold drops below $1,600 as stronger dollar muscles in

Gold closed below its 200-day moving average today, signaling prices may drop to $1,400, according to Stifel Nicolaus & Co.

By Doug Cubberley
NEWS RETIREMENT PLANNING DEC 28, 2011
Gifting on the rise as rich look to duck 55% estate tax

Wealthy locking in 35% tax rate before death tax returns; 'Throw Momma from the Train' law

By Bloomberg
NEWS RETIREMENT PLANNING DEC 28, 2011
Steinbrenner's death raises estate tax issue

Even in death, George Steinbrenner went out a winner.

By Bloomberg
Thirty-year fixed still fixed below 4%
NEWS RETIREMENT PLANNING DEC 27, 2011
Thirty-year fixed still fixed below 4%

Eight straight weeks home loans have hovered around record lows; should client's refi?

By John Goff
NEWS RETIREMENT PLANNING DEC 27, 2011
10 cities where home prices are still skidding

By John Goff
No guarantees, but life insurers look set for revival in 2012
NEWS LIFE INSURANCE AND ANNUITIES DEC 27, 2011
No guarantees, but life insurers look set for revival in 2012

Low interest rates seen as manageable; stock prices 'beaten down to ridiculous levels'

By Darla Mercado
NEWS RIAS DEC 27, 2011
VA carriers hunkering down

By Darla Mercado
Europe's doom and gloom is overdone: Cetera strategist
NEWS FIXED INCOME DEC 27, 2011
Europe's doom and gloom is overdone: Cetera strategist

Europe is being blamed again today for the volatility in the U.S. equity markets, but some market watchers are saying the knee-jerk reactions by investors go too far.

By Jeff Benjamin
DeMark reports 'strongest short-term buy signal' in 40 years
NEWS INDUSTRY NEWS DEC 27, 2011
DeMark reports 'strongest short-term buy signal' in 40 years

Technical analyst sees S&P 500 topping 1,330 in December; reversal around Christmas

By John Goff
St. Joe probe latest blow for Berkowitz' reeling Fairholme Fund
NEWS INDUSTRY NEWS DEC 27, 2011
St. Joe probe latest blow for Berkowitz' reeling Fairholme Fund

Bruce Berkowitz is an icon in the fund management world. His flagship Fairholme Fund led its category for ten-year peformance. But things haven't gone so well of late for fund manager or fund, which is hemorrhaging assets. A newly announced SEC investigation of St. Joe, a company Berkowitz runs, isn't going to help matters.

By Jessica Toonkel
NEWS BROKER DEALERS DEC 25, 2011
Private-equity firm's spending spree continues

COR Securities agrees to buy clearing firm, makes offer for holding company of two indie B-Ds

By Bruce Kelly
NEWS RIAS DEC 23, 2011
Comp and circumstance: TD's Bradley gets big boost in total pay

Custody unit boss receives 35% hike, as brokerage's management delivers in 'difficult operating conditions'

By Dan Jamieson
Raymond James picks up RIAs
NEWS RIAS DEC 23, 2011
Raymond James picks up RIAs

Raymond James' custody unit has picked up four new RIA firms with more than $400 million in assets.

By Dan Jamieson
Allianz Life names new CEO
NEWS LIFE INSURANCE AND ANNUITIES DEC 23, 2011
Allianz Life names new CEO

Walter White takes helm of U.S. ops, arrives with brokerage expertise

By Darla Mercado
NEWS INDUSTRY NEWS DEC 23, 2011
Market roller coaster hot topic of client talks

Financial advisers are going on the offensive in terms of reaching out to clients to discuss market conditions, and most of the conversations center on market volatility.

By Jeff Benjamin
HNW clients might be OK with retainers, after all
NEWS PRACTICE MANAGEMENT DEC 23, 2011
HNW clients might be OK with retainers, after all

Volatile markets haven't been friendly to those who employ asset-based advisory fees, but conventional wisdom says switching would be a hard sell ... or will it?

By Lavonne Kuykendall
For plan sponsors, check's in the mail — but nobody's home
NEWS RETIREMENT PLANNING DEC 23, 2011
For plan sponsors, check's in the mail — but nobody's home

Getting uncashed benefit checks to ex-employees a growing problem; death a bigger complication

By John Goff
Data dump bigger burden on retirement plan advisers
NEWS RETIREMENT PLANNING DEC 23, 2011
Data dump bigger burden on retirement plan advisers

Required disclosures mean advisers can easily benchmark performance; onus on advisers to prod stragglers to do better

By Darla Mercado
Scott Rothstein cops to operating $1.2B Ponzi scheme
NEWS INDUSTRY NEWS DEC 23, 2011
Scott Rothstein cops to operating $1.2B Ponzi scheme

A disbarred attorney who courted politicians and star athletes and led a flamboyant lifestyle even by flashy South Florida standards pleaded guilty Wednesday to federal charges that he ran a $1.2 billion Ponzi scheme.

By Associated Press