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Health reform legislation portends higher inflation
Although the Federal Reserve Board remains confident that inflation will remain low, those drafting the health reform legislation in the House of Representatives appear to be betting that it will accelerate in the next few years.
Google searches for ‘Roth 2010 conversion’ triples over past 10 months
Google searches for “Roth 2010 conversion” have increased dramatically in recent months, indicating that investors are desperate for information on the upcoming rule change.
John Hancock Funds to double sales team targeting RIAs
John Hancock Funds LLC is looking to double the size of its sales team targeting registered investment advisers to 12, according to Keith Hartstein, the company's president and CEO.
A financial transactions tax would bite investors
Wealthy investors know that tax increases are in their future.
‘Pay czar’ compensation model is a good start
Kenneth Feinberg, President Obama's “pay czar,” last week capped and restructured the salaries of top executives at seven embattled corporations that have not yet repaid the help they received from the federal government last year.
SEC aims to expand disciplinary data
If the SEC has its way, more disciplinary information about brokers will be available to investors.
Adviser gets eight years in jail for stealing from clients
Matthew Weitzman, a former principal of AFW Asset Management Inc., was sentenced to 97 months in prison after he pleaded guilty last year to stealing from the firm's clients.
Record first half for RIA deal volume
Merger-and-acquisition volume among RIA firms continues to run at a record pace.
Mass affluent leaving brokers, making indie advisers their top choice, Spectrem finds
After a year in which many investors lost substantial chunks of their wealth, mass affluent individuals are ditching their full-service brokers in favor of independent financial planners at a significant clip, according to a report released today.
Bill Clinton and George W. Bush to address RIAs at TD Ameritrade event
Two former U.S. presidents will appear together in a panel discussion to headline a TD Ameritrade investment conference next February.
Salient-Friedman dissolves into Private Ocean
Jones and Smith Wealth Management? How boring. Green and Gold Capital Advisers? So banal. Fink and Funk Financial Fiduciaries? Yawn.
Is Schapiro the right person to reform the SEC?
SEC Chairman Mary Schapiro could credibly claim that during her tenure as head of Finra, the group was not responsible for failing to detect the Madoff Ponzi scheme.
Advisers to SEC: Take our money, please
Willing to go to any length to avoid oversight by Finra, financial advisers are reluctantly accepting the idea of paying the SEC to regulate them.
Putnam creates business channel for RIAs
In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
Kanjorski bill would impose new fee on RIA firms
Investment advisory firms would have to pay fees to cover the cost of SEC examinations under draft legislation released last week by a senior lawmaker.
Hartford CEO: Wealth management, retirement are key
Growth in The Hartford Financial Services Group Inc.'s wealth management and retirement businesses will be a renewed area of focus as the insurance giant welcomes its new chief executive, Liam E. McGee, who officially joined the firm last week from Bank of America Corp.
Fidelity hires ex-Schwab exec for RIA business
Fidelity Investments has hired David Canter, a lawyer who spent more than eight years at competitor Charles Schwab & Co. Inc., for a newly created position as chief operating officer of its investor wealth services unit.
$900M Merrill Lynch team strikes out on its own
A prominent wirehouse rep and his Hawaii-based team — who rather suddenly left Merrill Lynch & Co. Inc. in September — have formed a new advisory firm.
Tax deferral benefits take center stage for VAs
The insurance industry predicts a new boom in variable annuities as tax deferral takes the spotlight in the near future, but financial advisers and broker-dealers aren't convinced that this will help products fly off the shelves again.
RIAs’ asset management fees at lowest level in a decade, study shows
Registered investment advisers last year reduced their asset management fees to the lowest level in 10 years, according to Rydex/SGI's annual Advisor Benchmarking Study.
