Advisor News

Displaying 26923 results
REGULATION AND LEGISLATION OCT 13, 2011
Dodd-Frank: As a rule, the going has been slow

More so than most other legislation, the 849-page Dodd-Frank Wall Street Reform and Consumer Protection Act reached the president's desk on July 21, 2010, as a work in progress.

By Mark Schoeff Jr.
RIA NEWS OCT 13, 2011
Land of the fee: Advisers seen switching revenue model ahead of fiduciary rewrite

By Mark Schoeff Jr.
FINTECH OCT 12, 2011
Tamarac makes it into the club

By Davis Janowski
BofA institutional unit snags Convergent advisers with $2.7B in AUM
RETIREMENT PLANNING OCT 12, 2011
BofA institutional unit snags Convergent advisers with $2.7B in AUM

By Andrew Osterland
REGULATION AND LEGISLATION OCT 12, 2011
Sham life settlement firm financed 'extravagant lifestyle': SEC

Regulator claims outfit never bought single life settlement policy but sold debentures using the firm's name

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Iowa to shed light on sources of insurance funding

In a move that could affect the sales of securities and insurance in the state, Iowa's insurance regulator this week is expected to issue guidance on how far insurance agents and brokers can go in advising clients on the suitable sources of funds for insurance products

By Darla Mercado
LIFE INSURANCE AND ANNUITIES OCT 12, 2011
Annuity exam overload could prompt product pruning

Annuity exam overload, including extra training, could prompt some advisers to limit customer choice.

By Darla Mercado
House votes to kill 3% withholding tax on government contractors
REGULATION AND LEGISLATION OCT 11, 2011
House votes to kill 3% withholding tax on government contractors

Bill should be good news for FAs who work with state and federal agencies; FSI lauds passage

By Mark Schoeff Jr.
IRS boosts caps on 401(k) contribution, death tax exemption
RETIREMENT PLANNING OCT 11, 2011
IRS boosts caps on 401(k) contribution, death tax exemption

The bad news: the hike for retirement plan kick-ins is puny, while the estate tax exclusion plummets next year

By John Goff
RETIREMENT PLANNING OCT 11, 2011
LTCI too pricey even for Uncle Sam as CLASS Act yanked

Citing costs, government pulls plug on controversial long-term-care insurance plan; 'we're right where we have been operating'

By Darla Mercado
Wasserstein haunts Harry & David in buyout doomed to bankruptcy
RETIREMENT PLANNING OCT 11, 2011
Wasserstein haunts Harry & David in buyout doomed to bankruptcy

Bruce Wasserstein, dead for two years, still casts a pall over the Rogue River Valley of southern Oregon, home of Harry & David Holdings Inc.

By Doug Cubberley
INDEPENDENT BROKER DEALERS OCT 11, 2011
Ladenburg chairman boasts about growth

Investor Phillip Frost, the largest shareholder in, and chairman of, Ladenburg Thalmann Financial Services Inc., issued a challenge Friday to the independent-brokerage business, saying that his firm's plans to expand are second to none

By Bruce Kelly
Bill to cap cap gains rate may hit Senate turbulence
RIA NEWS OCT 11, 2011
Bill to cap cap gains rate may hit Senate turbulence

Sponsors of legislation that would limit on the federal levy on investment income at 15% are confident of strong support in the House. The Senate is another matter, however.

By Mark Schoeff Jr.
That retirement calculator is lying to you and your clients
RETIREMENT PLANNING OCT 11, 2011
That retirement calculator is lying to you and your clients

Forecast returns built into most retirement tools no longer valid, experts say; 8% is history

By John Goff
Finra proposal could aid broker class actions
REGULATION AND LEGISLATION OCT 11, 2011
Finra proposal could aid broker class actions

The regulator wants to ban from its arbitration forums so called “collective action” claims brought under the Fair Labor Standards Act or the Age Discrimination in Employment Act.

By Dan Jamieson
Dodd-Frank panel's delays create financial 'guessing game'
REGULATION AND LEGISLATION OCT 11, 2011
Dodd-Frank panel's delays create financial 'guessing game'

A team of regulators charged with preventing another financial crisis is fending off criticism it's moving too slowly to identify the firms whose failure could pose a threat to the economy.

By Doug Cubberley
ICI to regulators: When knocking ETFs, please be specific
ETFS OCT 11, 2011
ICI to regulators: When knocking ETFs, please be specific

The Institute is worried that a recent report about synthetic ETFs actually tarred all exchange-traded funds. That, in turn, led to 'inflammatory media coverage.'

By Jessica Toonkel
401(k) balances at record level, Fidelity says
RETIREMENT PLANNING OCT 11, 2011
401(k) balances at record level, Fidelity says

Average balances of 401(k) retirement plans reached the highest level since Fidelity Investments began tracking account values in 1998.

By Doug Cubberley
Return to sender: U.S. to benefit from China wage growth
RETIREMENT PLANNING OCT 10, 2011
Return to sender: U.S. to benefit from China wage growth

Rising labor costs in China will prompt American factories to move production back to the U.S., creating up to 3.2 million jobs by 2020, the Boston Consulting Group said.

By Doug Cubberley
Court orders Wells Fargo to pay up in failed raiding claim
REGULATION AND LEGISLATION OCT 09, 2011
Court orders Wells Fargo to pay up in failed raiding claim

A California appeals court has ordered Wells Fargo Advisors LLC to pay $915,000 in legal fees to Stifel Nicolaus & Co. Inc. and a Stifel broker.

By Dan Jamieson