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RIA NEWS MAR 03, 2009
Economists say Dow drop means more recession

While the historic plunge of the Dow Jones Industrial Average yesterday may not be a sign that the markets have reached the bottom, most economists agree that it signals a prolonged recession.

ALTERNATIVES MAR 03, 2009
RIAs lash out at Schwab hedge fund decision

A consortium of RIAs is “actively looking elsewhere” for custodial partners after Charles Schwab said it would stop accepting custody of alternative investments.

RIA NEWS MAR 03, 2009
At a glance: American Recovery and Reinvestment Act

You have received a barrage of telephone calls from your clients asking how the new stimulus package might affect them.

MUTUAL FUNDS MAR 03, 2009
T. Rowe promotes two managers to new posts

T. Rowe Price Group Inc. has restructured its equity leadership, elevating two top portfolio managers into new posts overseeing domestic and international equities.

RIA NEWS MAR 03, 2009
Sen. Levin seeks to close tax-haven loophole

The offshore tax-haven loophole could be getting a lot smaller if Sen. Carl Levin, D-Mich., has his way.

REGULATION, LEGAL & COMPLIANCE MAR 03, 2009
SIPC raises assessment fees on brokerage firms

The Securities Investor Protection Corp. will raise member brokerage firm assessments to 0.25% of net operating revenue. The new rate, up from the current flat $150 per year, is effective April 1.

RIA NEWS MAR 02, 2009
Manufacturing slump expected to continue

MUTUAL FUNDS MAR 02, 2009
Harbor Funds launches global fund

Harbor Funds of Chicago launched a new global fund to its lineup today.

LIFE INSURANCE AND ANNUITIES MAR 02, 2009
Despite $30B lifeline, AIG’s credit outlook remains bleak

Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.

RIA NEWS MAR 02, 2009
Dow futures down 125 on AIG loss