Bloomberg

Bloomberg
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ETFS FEB 12, 2007
Non-traditional indexes gaining ground in ETF world

PHILADELPHIA — When it comes to new indexes, those that eschew weightings based on market capitalization are all the rage.

FINTECH FEB 12, 2007
Microsoft’s Vista hits advisers in their pocketbooks

SAN FRANCISCO — The biggest software company in the world may be forcing financial advisers to purchase expensive hardware in the wake of its recent upgrade.

REGULATION AND LEGISLATION FEB 12, 2007
Cost basis reporting not as simple as it appears

WASHINGTON — Be careful what you wish for with regard to cost basis reporting, as it might cause a headache of colossal proportions.

WIREHOUSES FEB 12, 2007
Wirehouses warm to fiduciary status

In an effort to prevent top brokers from bolting, wirehouses quietly are backing down from their tough stance against allowing advisers to act as fiduciaries to employee retirement plans.

RIA NEWS FEB 05, 2007
Many pessimistic about financial future, study shows

WASHINGTON — As Americans feel more stressed out over the erosion of corporate benefits and the solvency of social benefits programs, such traditional economic indicators as gross domestic product growth and household income are becoming less correlated to their perception of the economy’s well-being, according to a recently released study.

WIREHOUSES FEB 05, 2007
Merrill pads its lead in race for assets

Merrill Lynch & Co. Inc. continues to lead the wirehouse race for net new client assets.

RIA NEWS FEB 05, 2007
Putnam needs to show, not tell, advisers say

When it comes to Putnam Investments, it is the performance — not the parent — that matters, financial advisers say.

LIFE INSURANCE AND ANNUITIES FEB 05, 2007
Lawmaker changes horses on income stream comments

A congressman who raised eyebrows last month when he seemed to imply that annuities are the answer to the need for lifetime retirement income claims he was misunderstood.

RIA NEWS FEB 05, 2007
Year-old roll-up firm triples assets to $15B

Focus Financial Partners LLC, barely a year old, purchased majority stakes in three more independent fiduciary wealth management firms last week — increasing its roster of firms to nine and tripling assets under management to $15 billion.

REGULATION AND LEGISLATION FEB 05, 2007
Calif. court: State can sue American Funds

A California court ruling late last month may make it easier for states to sue financial firms, according to legal experts.