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RIA NEWS MAR 12, 2009
McLean Wealth Advisors unveils fee-based platform

McLean Wealth Advisors announced today the launch of a fee-based platform for its investment advisory services business.

MUTUAL FUNDS MAR 12, 2009
Mutual funds have net inflows of $44B in past two months

Mutual funds attracted net inflows of $44 billion during January and February, according to a report from Strategic Insight Mutual Fund Research and Consulting.

RIA NEWS MAR 11, 2009
Obama urges allies to take stimulus action

President Barack Obama called Wednesday for international allies to sign on to more aggressive steps to jump-start their own economies.

RIA NEWS MAR 11, 2009
Obama to sign massive spending bill

President Barack Obama plans to sign a massive spending bill to keep the federal government running, even though it is stashed with the very kinds of pet projects that the campaigning Obama promised to resist.

RETIREMENT PLANNING MAR 11, 2009
Helmsley Trust ruling means less for dogs

A recent court ruling has paved the way for the bulk of the Leona M. and Harry B. Helmsley Charitable Trust to be spent on charitable efforts, not on dogs.

REGULATION, LEGAL & COMPLIANCE MAR 11, 2009
U.S. Rep Ackerman seeks tax refunds for Madoff victims

Legislation that would allow the victims of the Bernard L. Madoff Securities LLC fraud to receive refunds for the taxes they paid on phantom profits was introduced today by Rep. Gary Ackerman, D-N.Y.

RIA NEWS MAR 11, 2009
Look out, Pimco: Raymond James may sue ARS issuers

Raymond James wants help from issuers of auction rate securities. And if it doesn’t get it, the firm may sue.

MUTUAL FUNDS MAR 11, 2009
Fidelity launches three new adviser funds

Fidelity Investments of Boston today launched three funds, including the firm’s first convertible-securities fund.

ALTERNATIVES MAR 11, 2009
Ex-Goldman, Putnam managers to start hedge fund

Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC.

RIA NEWS MAR 11, 2009
Advisers got the joke about CNBC years ago

“The Daily Show’s” Jon Stewart has brought to wide public attention — in his signature snarky style — what advisers have been saying for years: much of the content on CNBC is super-hyped, useless pap.