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RIAS MAY 09, 2014
Foreign family offices open outposts in U.S.

Aggressive monetary easing, a shale oil boom that's lowered energy costs and improving corporate balance sheets give the world's largest economy an edge over other regions.

By Bloomberg
INDUSTRY NEWS MAY 09, 2014
Winklevoss twins to start bitcoin ETF

The duo are seeking to open the Winklevoss Bitcoin Trust as the first ETF tracking a virtual asset. The SEC, meanwhile, has issued an alert warning investors about the dangers of such investments.

By Matt Ackermann
EQUITIES MAY 09, 2014
Week in review: Stocks fall amid tech selloff

Optimism about continued support from the Federal Reserve was not enough to prevent the worst recent decline for the Nasdaq Composite Index. Plus, find out which companies took a beating on first quarter earnings.

By lkonish
INDUSTRY NEWS MAY 09, 2014
VA sales plunge; new top dogs emerge

A new hierarchy is emerging on the variable annuities scene, as some of the largest sellers announce that their first quarter sales are down or flat. Darla Mercado reports.

By Gregory Crawford
REGULATION AND LEGISLATION MAY 09, 2014
BofA Merrill pays $7 million to settle overtime pay case

Advisers working in bank branches alleged that the firm misclassified them to avoid paying for time beyond the traditional 40-hour workweek.

By Mason Braswell
REGULATION AND LEGISLATION MAY 09, 2014
David Einhorn: Bernanke answers 'frightening' during dinner chat

David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve chairman Ben S. Bernanke scary.

By Matt Ackermann
RETIREMENT PLANNING MAY 09, 2014
You thought the economy was picking up? Think again: Blinder

As Fed winds down quantitative easing, interest rate hikes will be the next whammy. But there is some good news in rising house prices.

By Jeff Benjamin
RETIREMENT PLANNING MAY 09, 2014
Social Security to resume mailing paper statements to some workers

Agency still urges all Americans to create online accounts

By Mary Beth Franklin
FINTECH MAY 09, 2014
Take the quiz: Are your client review tactics compliant?

By Liz Skinner
RIAS MAY 09, 2014
Wirehouse breakaway market seen thawing

After a mostly frigid 2013 for recruiting from wirehouse brokerages, agents responsible for selling those brokers on the benefits of free agency are cautiously optimistic that a thaw has finally set in.

By Trevor Hunnicutt
INDUSTRY NEWS MAY 09, 2014
Sell emerging markets, Goldman and JPMorgan say

Wall Street's biggest banks say the slump in emerging-market assets that left equities trailing advanced-nation shares by the most since 1998 last year will prove more than a fleeting selloff.

By Matt Ackermann
RIAS MAY 09, 2014
RidgeWorth breaks from SunTrust in private-equity deal

With funding from Lightyear Capital, employees will acquire RidgeWorth at a price of up to $265 million.

By Joyce Hanson
REGULATION AND LEGISLATION MAY 09, 2014
New SEC members have different styles

It took Michael Piwowar only 34 days to make his presence felt at the SEC while in her initial statements, Kara Stein was low-key. Mr. Piwowar's truculence surprised observers who had expected that his arrival, and that of Ms. Stein, would bring together a previously divided commission. Mark Schoeff Jr. explains.

By Mark Schoeff Jr.
ETFS MAY 08, 2014
Supreme Court may weigh in on iShares case

ETF investors say BlackRock keeps too much of the proceeds from securities-lending business.

By Trevor Hunnicutt
BROKER DEALERS MAY 08, 2014
Raymond James adds Morgan Stanley adviser with $360 million in AUM

Adviser Stephen Besse will be part of the firm's presence in northern California.

By Mason Braswell
RETIREMENT PLANNING MAY 08, 2014
Taking Social Security early hurts your spouse's benefits, too

Earnings restrictions affect you and your spouse if you are working and collecting benefits, but they disappear at full retirement age.

By Mary Beth Franklin
MUTUAL FUNDS MAY 08, 2014
Fidelity, BlackRock seek to expand dominance in ETFs

Firms set to launch actively managed accounts, a move likely to stoke competition.

By Trevor Hunnicutt
INDUSTRY NEWS MAY 08, 2014
DoubleLine hires Pimco exec as Gundlach seeks expansion

DoubleLine Capital hired Pacific Investment Management Co.'s Ignacio Sosa as director for a newly created product solutions group as chief executive Jeffrey Gundlach looks to expand outside the U.S.

By Matt Ackermann
INDUSTRY NEWS MAY 08, 2014
Rising stock market volatility is no “sell” signal

Strategists are still finding value in equities as the bull ages; more advisers warming to real assets.

By Jeff Benjamin
REGULATION AND LEGISLATION MAY 08, 2014
Finra arbitrator removed for allegedly lying about credentials

A Finra arbitrator who served on Finra panels for almost 15 years was removed after it was discovered that he is not a lawyer. He oversaw more than 40 cases. Were yours among them?

By Mason Braswell