Bloomberg

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RIA NEWS DEC 10, 2007
SIMFA predicts slow economic growth

The U.S. economy will grow a sluggish 2.1% in 2008 according to the SIFMA's Economic Advisory Roundtable.

FINTECH DEC 10, 2007
Northstar rolls out customized wealth suite

NorthStar Systems has rolled out a wealth management platform that includes a suite of services building on the company's many individual offerings.

RIA NEWS DEC 10, 2007
Despite returns, advisers bullish on managed futures

The performance of managed futures is languishing, but that hasn't diminished their appeal among financial advisers.

ETFS DEC 10, 2007
Vanguard bolsters efforts to woo financial advisers

Despite once having been seen as betraying financial advisers, The Vanguard Group Inc. of Malvern, Pa., continues to ratchet up efforts to court them.

WIREHOUSES DEC 10, 2007
UBS, 2 reps hit with rare award on punitive damages

A stunning $4.6 million award against UBS Financial Services Inc. and two of its brokers late last month revealed how irate the arbitrators were with UBS.

ALTERNATIVES DEC 10, 2007
Ultrawealthy group to increase hedge fund investments

Despite the market's current volatility, the love affair between ultrawealthy investors and hedge funds is still torrid, according to a new survey by the Institute for Private Investors, a New York-based association for very wealthy families and their advisers.

MUTUAL FUNDS DEC 10, 2007
Five-year performance numbers may be misleading

As 2008 rolls around, it will bring an important historical marker: The five-year anniversary of the bull market.

RIA NEWS DEC 10, 2007
Bacon pays sizzling $175 million for ranch

Maybe the housing market isn't tanking after all. Hedge fund manager Louis Bacon, head of New York-based Moore Capital Management LLC, last month bought the Forbes family's Colorado ranch for what is believed to be the largest sum ever paid for a home purchase in the United States: $175 million.

PRACTICE MANAGEMENT DEC 10, 2007
Lessons from Rupert Murdoch

When wooing Bancroft family heirs to sell him their controlling interest in New York-based Dow Jones & Co. Inc., K. Rupert Murdoch learned that money isn't everything.

RIA NEWS DEC 10, 2007
Upper crust seeks advice before donating

Very wealthy or entrepreneurial investors seek advice before they decide to donate to charity.