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Financial advisers face a crisis of confidence
Many financial advisers are suffering a crisis of confidence that is hurting their relationships with existing clients and hampering their abilities to recruit new clients.
Bank customers urged to come clean on offshore accounts
Wealthy Americans who have offshore bank accounts may be sweating more than usual this summer.
RIA trades at Schwab fell in April
The Charles Schwab Corp., the dominant broker-dealer for registered investment advisers, said today that RIA trades on behalf of clients in April fell 25% from the previous month to an average of 22,600 a day — the lowest volume level since last August.
Obama was wrong to demonize Chrysler’s debt holders
President Obama was off-base to castigate the Chrysler secured debt holders who held out against the proposed deal to rescue Chrysler LLC.
Fearing risk, insurers changes VAs to cut benefits and raise fees
Insurers are rolling out adjustments to their variable annuity products — this time with an air of caution.
Account openings from RIAs surge at custodians
Account openings at Fidelity Investments from registered investment advisers and their clients jumped 30% in the first quarter.
Mutual fund sales, financial advice tilt toward fee-based compensation model
Sales of mutual funds through brokers and financial advisers continued to shift toward fee-based compensation last year, while the trend toward fee-for-advice distribution accelerated, according to a study released today by Strategic Insight Mutual Fund Research and Consulting LLC.
SEC’s Donohue mulling adviser SRO
The Securities and Exchange Commission’s top regulator of investment advisers is considering whether investment advisory firms should be…
Activity of investment advice needs regulation
As Congress prepares to tighten financial regulation to correct weaknesses revealed by the mortgage collapse, the debate over who should regulate those who give in-vestment advice, including financial planners,
Fidelity officials share business concerns with RIA, broker clients
Leaders of Fidelity Investments' adviser and broker-dealer clearing businesses pointed fingers at themselves and at clients last week for retreating from customer contact during the most chaotic periods of their business careers and hinted at changes to come in several key services.
RIAs least likely to use annuities for rollovers
Registered investment advisers are giving the cold shoulder to annuity products, according to the latest research from Cerulli…
Fund fees face legal scrutiny
Two legal cases that will be decided by courts this year may significantly affect the mutual fund and investment advisory industries.
Advisers create exit plans for underwater VAs
The term "bailout" has taken on new meaning for financial advisers as they devise ways to free clients from underperforming variable annuities, but the path to freedom is paved with possible tax complications and worries about account churning.
Adviser seeks slice of settlement pie
Thomas Ruggie, a Florida-based investment adviser, thinks that he has identified a new target for his investment management and planning services: people who win personal-injury-lawsuit settlements, and their lawyers.
InvestmentNews joins Moss Adams in independent-firm research effort
InvestmentNews has entered into a partnership with Moss Adams LLP to continue the research and studies conducted and produced by Moss Adams since 1992 on independent financial advisory firms.
Let’s focus on dangers of the future, Mr. Bernanke
Federal Reserve Board Chairman Ben Bernanke and his Fed colleagues must begin to address investors' concerns about inflation in more concrete terms than he did in his speech at Morehouse College in Atlanta last week.
Ex-major league star Mo Vaughn and adviser in beanball battle
A financial adviser to former Major League baseball player Mo Vaughn is claiming that he threatened and intimidated her after she tried to rein in his "insane spending habits."
Schwab hit by slowing adviser assets
The Charles Schwab Corp. reported better-than-expected first-quarter earnings last week, but buried in the numbers were signs that the headlong growth of the independent-adviser community may be waning, according to some analysts.
Pershing introduces program to attract hybrid RIAs to correspondent firms
Clearing giant Pershing LLC has rolled out a program to help client firms attract fee-based advisers who do some commission business.
Abuse by speculators keeps investors on the sidelines
Investor's confidence in the stock and bond markets has been shaken, not just by economic weakness but also by the feeling that professional speculators are using tools not available to ordinary investors to plunder the markets.
