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RIA NEWS JAN 07, 2008
Recession has arrived, say analysts

The U.S. economy is in a recession, Merrill Lynch and Morgan Stanley economists wrote in research notes today.

RIA NEWS JAN 07, 2008
BNY Mellon Asset makes move in emerging markets

Scores of executives talk about globalization, but lately Ronald O'Hanley seems to be living it.

MUTUAL FUNDS JAN 07, 2008
Putnam hurt by exposure to financials

Putnam Investments is paying the price for calling the bottom in financial stocks too early.

FINTECH JAN 07, 2008
Advisers may benefit from XBRL shift

If advisers haven't heard of extensible business reporting language, or XBRL, they soon will.

MUTUAL FUNDS JAN 07, 2008
New cap on 12(b)-1 fees may be on the horizon

The SEC is looking at capping the 12(b)-1 marketing and sales charge fees that fund investors pay and is preparing to issue a proposal early this year concerning the approximately $12 billion a year paid in such fees.

RIA NEWS JAN 07, 2008
Grandparents investing billions for grandkids

Today's grandparents are spending about $50 billion a year on their grandchildren — with about $25 billion of that going toward investments, a recent survey has found.

RETIREMENT PLANNING JAN 07, 2008
Liebrock jumps from Fidelity to Captrust

Dave Liebrock will be an adviser at Captrust, working mostly with plan sponsors in the mid-market 401(k) space.

FINTECH JAN 07, 2008
Technology efforts this year might lure people to the web

Online delivery of software tools and data to advisers will be the major focus of 2008 technology innovations, industry experts say.

RIA NEWS JAN 07, 2008
Community investment goes mainstream

Investing in disadvantaged communities is going mainstream, with a variety of investment vehicles springing up.

LIFE INSURANCE AND ANNUITIES JAN 07, 2008
Great American charged by Mass. AG

Great American Insurance is accused of submitting a false insurance premium quote.