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Texas woman's investment strategy? Hit the state lottery -- four times
RETIREMENT PLANNING MAY 16, 2011
Texas woman's investment strategy? Hit the state lottery -- four times

Small-town resident has raked in $21M in four separate jackpots. Mathematicians put the odds of this happening at 18,000,000,000,000,000,000,000,000 to 1. That's a lot of zeros.

RETIREMENT PLANNING MAY 15, 2011
401(k) balances at record level: Survey

The average 401(k) retirement plan balance has reached the highest level since Fidelity Investments began tracking account values in 1998

Affluent are big on DIY investing, survey finds
PRACTICE MANAGEMENT MAY 11, 2011
Affluent are big on DIY investing, survey finds

A new survey reveals that four out of ten affluent investors prefer to manage their own money. Nevertheless, the web is still not seen as a threat to advisers. Why?

INcite: Obama slams GOP's 'too-big-to-tax' philosophy
RIA NEWS MAY 11, 2011
INcite: Obama slams GOP's 'too-big-to-tax' philosophy

President lambasts Republican resistance to raising rates on the wealthy

MSSB castoffs 'attractive' candidates for other firms
PRACTICE MANAGEMENT MAY 11, 2011
MSSB castoffs 'attractive' candidates for other firms

Recruiters say laid off trainees and low producers won't have trouble lining up work

BofA to trim branches; advisers to go virtual
RETIREMENT PLANNING MAY 10, 2011
BofA to trim branches; advisers to go virtual

Clients in less-populated areas will be left to get their advise from talking heads

Bank of America may pay 2010 bonuses in stock
RIA NEWS MAY 10, 2011
Bank of America may pay 2010 bonuses in stock

Bank of America Corp. is running out of time to fulfill a promise to raise more capital by year-end and may be forced to make up the shortfall by paying some bonuses in stock rather than cash.

LIFE INSURANCE AND ANNUITIES MAY 10, 2011
Insurers slammed for profiting off soldiers' death benefits

White House, lawmakers back VA probe of retained-asset accounts; 'unacceptable'

AllianceBernstein sees target date fund outflows
RETIREMENT PLANNING MAY 09, 2011
AllianceBernstein sees target date fund outflows

But money flowed into TDFs run by Vanguard and T. Rowe Price in the first quarter

LIFE INSURANCE AND ANNUITIES MAY 08, 2011
MetLife names new CIO

MetLife Inc., the largest U.S. life insurer, has selected Steven J. Goulart as chief investment officer to oversee a portfolio valued at more than $450 billion