Bloomberg

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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

RIA NEWS MAY 05, 2011
Gold plunges in 'pure panic selling'

The price of gold headed for its biggest one day loss in 18 months. This follow a big selloff on Tuesday. The question: Is the bull market for bullion finally coming to an end?

Finra to investors:  Watch out for these hot investments
FIXED INCOME MAY 05, 2011
Finra to investors: Watch out for these hot investments

Regulator issues alert about structured products, bank loan funds; 'significant recent inflows'

ALTERNATIVES MAY 05, 2011
Use of options by financial advisers is now commonplace

As financial advisers' use of options becomes more routine, the unsurprising results of a survey showed that advisers managing the most assets are “significantly” more likely to use the derivatives than peers with smaller amounts

Wells Fargo looking to sell H.D. Vest: Sources
RIA NEWS MAY 05, 2011
Wells Fargo looking to sell H.D. Vest: Sources

Said to be seeking buyer for brokerage and tax-advice firm; part of revamp of wealth management unit?

Finra wants B-Ds to share info on revenue sharing
MUTUAL FUNDS MAY 05, 2011
Finra wants B-Ds to share info on revenue sharing

Proposal would require broker-dealers to publicly disclose information about shelf space payments from mutual funds