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RIA NEWS MAY 12, 2008
MBIA, Evercore and Stifel

Leading bond insurer MBIA Inc. lost $2.4 billion, or $13.03 per share, in the first quarter.

PRACTICE MANAGEMENT MAY 12, 2008
May Week 2: Your retirement branding statement

Capture the assets of retiring baby boomers by branding your practice to highlight your retirement expertise.

MUTUAL FUNDS MAY 12, 2008
Advisers, investors put faith in Catholic funds

The market may be drifting, but many of America's 60 million Roman Catholics are sure of the investment path they have chosen: mutual funds guided by Catholic ethical and moral principles.

MUTUAL FUNDS MAY 12, 2008
Advisers are wary of retirement income funds

As fund companies experiment with retirement income solutions, financial advisers and investors are worried about products that are designed to leave participants with a zero balance.

INDEPENDENT BROKER DEALERS MAY 12, 2008
Berthel Fisher's president, Jeff Auld, exits the firm

Jeff Auld, the president of Berthel Fisher and Company Financial Services Inc., has left the company for personal reasons.

RETIREMENT PLANNING MAY 12, 2008
ICI meeting covers use of alternatives in funds

The use of alternative hedge-fund-like strategies within mutual funds was a hot topic of discussion last week at the Investment Company Institute's 50th annual general membership meeting in Washington.

LIFE INSURANCE AND ANNUITIES MAY 12, 2008
Insurance carriers gear up for VA product season

As the weather heats up in May, so does the competition among insurance carriers that are releasing new features for their variable annuities.

MUTUAL FUNDS MAY 12, 2008
Micro-cap funds may present an opportunity

Micro-cap stocks are beaten down to the point where the mutual funds that invest in them are starting to see new opportunities.

MUTUAL FUNDS MAY 12, 2008
New fund offers technology twist to alternative energy investment

Amid concerns about rising energy costs, Firsthand Capital Management Inc. is widening its focus on technology to include alternative energy.

PRACTICE MANAGEMENT MAY 12, 2008
A duty to monitor proxy voting

Upon the conclusion of a talk about achieving fiduciary excellence that I delivered April 28 at the Mountain States Public Employee Retirement Systems Forum in Denver, and sponsored by the Investment Management Network LLC of New York, an attendee approached me and asked, “What are my obligations as an investment committee member with respect to voting proxies?”