Industry News

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NEWS LIFE INSURANCE AND ANNUITIES MAY 10, 2011
Insurers slammed for profiting off soldiers' death benefits

White House, lawmakers back VA probe of retained-asset accounts; 'unacceptable'

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAY 10, 2011
Death benefits flap could trigger lawsuits against insurers

Negative publicity about so-called retained-asset accounts may fuel litigation, withdrawals by beneficiaries

By Darla Mercado
Commodity recovery seen as slump erases $99B
NEWS INDUSTRY NEWS MAY 09, 2011
Commodity recovery seen as slump erases $99B

The commodities rout that knocked off $99 billion of market value last week is driving out speculators and leading Goldman Sachs Group Inc., which forecast the plunge, to predict a possible recovery.

By Doug Cubberley
AllianceBernstein sees target date fund outflows
NEWS RETIREMENT PLANNING MAY 09, 2011
AllianceBernstein sees target date fund outflows

But money flowed into TDFs run by Vanguard and T. Rowe Price in the first quarter

By Bloomberg
NEWS INDUSTRY NEWS MAY 08, 2011
Facing the future: Digital imaging could be next big thing in advice business

A unique combination of psychology and technology might be just the ticket for getting investors to start taking their retirement savings more seriously

By Jeff Benjamin
NEWS RIAS MAY 08, 2011
More investors now think VAs are OK - but fees still a drag

Variable annuities, which combine mutual-fund-like investing with income or other guarantees, are as controversial as ever — but investors increasingly are considering purchasing them, financial advisers say

By Lavonne Kuykendall
NEWS LIFE INSURANCE AND ANNUITIES MAY 08, 2011
MetLife names new CIO

MetLife Inc., the largest U.S. life insurer, has selected Steven J. Goulart as chief investment officer to oversee a portfolio valued at more than $450 billion

By Bloomberg
NEWS BROKER DEALERS MAY 08, 2011
Raymond James to focus on growth rather than mergers and acquisitions

With a number of independent broker-dealers on the block, it's a buyers' market for those firms looking to expand their business through acquisition

By Robert Hordt and Bruce Kelly
NEWS RIAS MAY 08, 2011
Pre-retirees a great niche – but advisers aren't scratching

By and large, investment advisers continue to ignore workers who are nearing retirement. This, say some, is a sizeable oversight.

By Lavonne Kuykendall
NEWS INDUSTRY NEWS MAY 08, 2011
Active management the new buy-and-hold?

With two huge bear markets in recent memory — and buy-and-hold tactics open to question — the popularity of active strategies has never been greater

By Dan Jamieson
Commodities routed, raising fears of 'severe' correction
NEWS INDUSTRY NEWS MAY 06, 2011
Commodities routed, raising fears of 'severe' correction

The Goldman Sachs raw materials index today fell the most in two years. Jim Rogers says the drop is "normal." Others are slightly more worried. Said one investment manager: "This could be one of the most severe corrections that we've seen over the last year."

By John Goff
NEWS INDUSTRY NEWS MAY 05, 2011
Gold plunges in 'pure panic selling'

The price of gold headed for its biggest one day loss in 18 months. This follow a big selloff on Tuesday. The question: Is the bull market for bullion finally coming to an end?

By Bloomberg
NEWS ALTERNATIVES MAY 05, 2011
Will arbitration loss cap CapWest?

Struggling B-D ordered to pay $578K over private-placement sale; brokerage down to $80K in net capital

By Bruce Kelly
Gilt-edged opportunity: Gold in 'can't lose situation'
NEWS INDUSTRY NEWS MAY 05, 2011
Gilt-edged opportunity: Gold in 'can't lose situation'

Regardless of deficit outcome, U.S. dollar likely to drop; gold futures now at $1,625 an ounce

By John Goff
Allianz holds out carrot for top distributors
NEWS LIFE INSURANCE AND ANNUITIES MAY 05, 2011
Allianz holds out carrot for top distributors

Offers exclusive program for high-producing FMOs — if they agree to tougher compliance standards

By Darla Mercado
NEWS INDUSTRY NEWS MAY 05, 2011
Mark Mobius: Another financial crisis 'around the corner'

Templeton's Mark Mobius isn't shy about sharing his opinions. Case in point: the emerging market guru says he sees another U.S. market disaster 'around the corner.' If he's right, staying on the sideline right now might be the best investment play.

By John Goff
Wells Fargo looking to sell H.D. Vest: Sources
NEWS INDUSTRY NEWS MAY 05, 2011
Wells Fargo looking to sell H.D. Vest: Sources

Said to be seeking buyer for brokerage and tax-advice firm; part of revamp of wealth management unit?

By Bloomberg
Cash the hot new commodity
NEWS INDUSTRY NEWS MAY 05, 2011
Cash the hot new commodity

Survey reveals investors planning to up holdings of greenbacks, reduce exposure to raw materials

By John Goff
Finra wants B-Ds to share info on revenue sharing
NEWS MUTUAL FUNDS MAY 05, 2011
Finra wants B-Ds to share info on revenue sharing

Proposal would require broker-dealers to publicly disclose information about shelf space payments from mutual funds

By Bloomberg
$100B commodities wipeout presents golden opportunity
NEWS INDUSTRY NEWS MAY 05, 2011
$100B commodities wipeout presents golden opportunity

Recent rout makes pricing more attractive; bears, bulls bicker over 'turning point'

By John Goff