Bloomberg

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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.

ETFS DEC 10, 2007
Domestic ETF assets dip $8 billion

Despite the drop in assets, 26 new ETFs were added to the market last month, brining the total number to 612.

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.

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.

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.

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.

FINTECH DEC 10, 2007
New online tool helps prospect for wealthy clients

Advisers have a new, largely undiscovered and relatively inexpensive online database for prospecting for wealthy clients or for researching the giving habits of those they already have.

INDEPENDENT BROKER DEALERS DEC 10, 2007
Ameriprise unit loses top rep to First Allied

As Securities America Inc. deals with the sting of losing one of its biggest advisers, the independent broker-dealer continues to tighten its compliance practices and procedures.