Bloomberg

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FINTECH AUG 08, 2007
LPL experiences systems failure

A massive snafu is stopping 10,000 advisers affiliated with Linsco/Private Ledger Corp. from doing business online.

LIFE INSURANCE AND ANNUITIES AUG 07, 2007
M&M revenue rises 7% in 2Q

Marsh & McLennan Cos. Inc. announced that earnings per share remained unchanged at 31 cents compared to the year-ago period.

RIA NEWS AUG 07, 2007
B-D firms get merger payout

Firms are receiving the $35,000 that was promised upon the completion of the NASD-NYSE Reg merger.

ALTERNATIVES AUG 07, 2007
Startup launches real estate index

Radar Logic has licensed its real estate data to three Wall Street firms that will allow investors to bet on which way residential real estate markets are headed.

ALTERNATIVES AUG 07, 2007
Hedge fund stats edge up in July

The HFR Fund Weighted Composite Index increased 0.49% in July and is up 7.99% year-to-date.

ALTERNATIVES AUG 06, 2007
Hennessee cleared in Bayou loss

Hennessee Group has been cleared in a lawsuit filed by a client who lost money in the collapsed hedge fund Bayou Group LLC.

ALTERNATIVES AUG 06, 2007
Goldman's Global Alpha plunged in July

Goldman Sachs Group Inc.'s flagship hedge fund fell 8% during the last week of July, according to Financial News.

ETFS AUG 06, 2007
Van Eck Global goes nuclear

Van Eck Global announced that it will launch an exchange traded fund based on nuclear energy.

RIA NEWS AUG 06, 2007
Is new IMCA designation just more alphabet soup?

The Investment Management Consultants Association’s decision to offer the chartered private wealth adviser designation makes industry participants wonder if the credential will fill a need or merely add to the alphabet soup of designations already available.

INDEPENDENT BROKER DEALERS AUG 06, 2007
Waddell planning to upgrade technology

NEW YORK — In a break with its past, Waddell & Reed Inc. will offer its advisers updated technology and next year will introduce a new outside platform for its top 300 or so registered representatives, company executives said last week.