Industry News

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NEWS INDUSTRY NEWS JUL 02, 2010
S&P's ETF of the month: iShares MSCI Switzerland Index Fund

Watches, chocolate, cheese. Switzerland is famous for quality on all three, but perhaps more attention should also be paid to the many high-quality, blue-chip, large-cap companies which are based there, such as Novartis, Roche, and Nestle.

By Mark Bruno
NEWS INDUSTRY NEWS JUL 02, 2010
'Worst should be behind us,' says BlackRock's Doll

Financial market volatility has increased over the past several weeks amid growing investor concern over happenings in Europe, the prospect of increased financial market regulation in the United States and, more generally, worry that the economic recovery has hit a rough patch.

By Bloomberg
NEWS RETIREMENT PLANNING JUL 01, 2010
For NFL rookies, playbook now includes financial advice

Whether they earn the league minimum or a superstar's salary, football players have to know the basics of handling money to succeed financially.

By Bloomberg
NEWS INDUSTRY NEWS JUL 01, 2010
Christopher C. Davis: Inflation on the horizon

Christopher C. Davis is a portfolio manager of the Davis Large Cap Value Portfolios.

By MFXFeeder
Congress passes fiduciary ball to SEC
NEWS REGULATION AND LEGISLATION JUL 01, 2010
Congress passes fiduciary ball to SEC

In signing off last Friday on the most sweeping overhaul of financial regulation since the Great Depression, congressional negotiators took a major step toward empowering the SEC to decide whether stockbrokers should be more accountable to individual investors.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING JUL 01, 2010
Two years after crash, wealthy still leery of financial advisers

In 2009, only 59% of the millionaires said they had regained trust in their financial advisers, while 56% said they had the same feelings about their wealth management firms and financial institutions.

By Bloomberg
NEWS WIREHOUSES JUL 01, 2010
Advisers on the Move: Morgan Stanley snags $700M+ team

Joseph Fortuna, Timothy Prete and Salvatore Tartaglione have left UBS for MSSB in Hartford, Conn.

By Mark Bruno
NEWS INDUSTRY NEWS JUL 01, 2010
Morgan Stanley Smith Barney elevates wealth management exec

Morgan Stanley Smith Barney LLC today appointed a new head of international wealth management products and services.

By Bloomberg
NEWS PRACTICE MANAGEMENT JUL 01, 2010
The most unforgettable commercials from the brokerage and advice industry

By John Goff
NEWS INDUSTRY NEWS JUL 01, 2010
Morgan Stanley's Gorman: Smith Barney 'increasingly important'

Morgan Stanley Chief Executive Officer James Gorman, who took over from John Mack in January, said he's not content with results for last year, when the company reported its first per-share annual loss.

By Bloomberg
NEWS INDUSTRY NEWS JUN 30, 2010
OpINion Online: Inside the Obama-BP meeting

As you probably have heard by now, British oil giant BP PLC has agreed to endow the $20 billion mea culpa fund ordered by President Obama in his Tuesday night address to the nation.

By Bloomberg
NEWS INDUSTRY NEWS JUN 30, 2010
'Emotional' market obscuring great stocks, says Goldman's Barry

Macro events such European debt issues, regulatory rhetoric and high unemployment all create opportunities.

By Bloomberg
NEWS INDUSTRY NEWS JUN 30, 2010
Advisers make a mad dash for cash

Desperate to hang on to the gains in their clients' portfolios over the past few months, financial advisers are selling positions and moving into cash.

By Jessica Toonkel Marquez
NEWS REGULATION AND LEGISLATION JUN 30, 2010
Finra board election is getting heated

Finra-backed candidates who represent large and midsize firms are running unopposed so far in the regulator's upcoming board election, but a battle is brewing for three open small-firm seats.

By Dan Jamieson
NEWS LIFE INSURANCE AND ANNUITIES JUN 30, 2010
Life insurance sales boom in first quarter

Shaken by the recession and concerned about risk, brokerage firm clients are buying life insurance.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES JUN 30, 2010
Expanded wealth management platform in the works at The Hartford

Insurer looks to branch out with new products aimed at affluent customers, business owners

By Darla Mercado
NEWS REGULATION AND LEGISLATION JUN 30, 2010
Finra's battle with Jesup is heating up

A series of nasty legal fights involving Jesup & Lamont Inc., Penson and Finra may be coming to a head.

By Dan Jamieson
NEWS RETIREMENT PLANNING JUN 29, 2010
SEC inquiry sacks home health stocks

Shares of home health providers sank Wednesday as an investigation into the industry's Medicare reimbursement practices expanded.

By Bloomberg
NEWS RETIREMENT PLANNING JUN 29, 2010
New York's top court says estates can bring malpractice suits

Overturning state law, New York's highest court this month ruled that estates and beneficiaries can sue estate-planning attorneys for malpractice.

By Bloomberg
NEWS INDUSTRY NEWS JUN 29, 2010
Paging P.T. Barnum: Fees on some broker-sold notes exceed possible return

Complex reverse convertibles mostly sold to individual investors; 'inconceivable'

By Bloomberg