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RIA NEWS FEB 26, 2009

The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January.

LIFE INSURANCE AND ANNUITIES FEB 25, 2009
Bernanke backs optional fed charter for insurance

Federal Reserve Chairman Ben Bernanke today backed the idea of creating an optional federal charter for insurance.

MUTUAL FUNDS FEB 25, 2009
Musical chairs at Columbia Funds

Columbia Management Group LLC recently changed portfolio managers at 20 teams that manage more than 55 mutual funds.

MUTUAL FUNDS FEB 25, 2009
E-Trade closes its index funds

E*Trade Financial Corp. has closed its line of four index funds with liquidations to take place no later than March 27.

MUTUAL FUNDS FEB 25, 2009
Congress attacks retirement security, target date funds

Congress today commenced an effort to determine whether legislation needs to be enacted to protect the retirement security of the country's aging population.

REGULATION, LEGAL & COMPLIANCE FEB 25, 2009
Obama begins 'stress tests' of banks

Obama administration begins "stress tests" to gauge the health of America's biggest banks.

RIA NEWS FEB 25, 2009
Merrill 2008 losses revised up by $533 million

Merrill Lynch & Co. disclosed late Tuesday its 2008 losses were about $533 million more than previously reported, according to a regulatory filing.

FINTECH FEB 25, 2009
Navy Federal partners with FundQuest

Navy Federal Asset Management LLC today announced the launch of a new managed account platform in partnership with FundQuest Inc. of Boston.

MUTUAL FUNDS FEB 25, 2009
Eaton Vance 1Q profit down 57%

Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.

PRACTICE MANAGEMENT FEB 25, 2009
Major leaguer broke because of Stanford scandal

Scott Eyre, a left-handed relief pitcher with the reigning World Series champion Philadelphia Phillies, has joined the roster of major-league players ensnared by the Stanford Financial scandal.