Industry News

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NEWS RIAS JAN 10, 2012
Congress, resolve to fix deficit and debt

There are many New Year's resolutions that would have been nice for our government to have made last week, but there was a vital one that should have been made — and kept.

By MFXFeeder
NEWS INDUSTRY NEWS JAN 10, 2012
Advisers, market watchers encouraged by upbeat jobs report

By Jeff Benjamin
Surprising jobs data a 'model mover' for some advisers
NEWS INDUSTRY NEWS JAN 10, 2012
Surprising jobs data a 'model mover' for some advisers

Positive news triggers rethinking of where markets are headed in 2012; GDP predictions revised upward

By Jeff Benjamin
Is gold's slide end-of-year profit-taking or start of rout?
NEWS INDUSTRY NEWS JAN 10, 2012
Is gold's slide end-of-year profit-taking or start of rout?

Price of bullion falls for fifth straight session; demand in India expected to plummet

By John Goff
Corzine sued by ex-MF Global employees over company stock
NEWS REGULATION AND LEGISLATION JAN 10, 2012
Corzine sued by ex-MF Global employees over company stock

A pair of former MF Global Holdings employees have filed a class action lawsuit against former CEO Jon Corzine and 11 other senior executives and directors over misleading them about the condition of the company.

By Andrew Osterland
NEWS INDUSTRY NEWS JAN 10, 2012
John Hussman: Nearly every asset class set for 'miserably low' returns

miserably low long-term returns.

By John Hussman
Buffett's new hired gun a stranger in town
NEWS INDUSTRY NEWS JAN 10, 2012
Buffett's new hired gun a stranger in town

Oracle plucks little-known hedge fund manager to help ran Berkshire's massive portfolio; 'brilliant move'

By John Goff
NEWS RIAS JAN 10, 2012
thinkorswim integration not all going swimmingly, TD says

Some early glitches for subset of clients; 'actively working to resolve it'

By John Goff
Buffett takes a drubbing? Yep, at least on this stock
NEWS INDUSTRY NEWS JAN 10, 2012
Buffett takes a drubbing? Yep, at least on this stock

Warren Buffett is making plenty of changes to Berkshire Hathaway's portfolio. Last quarter, he closed out the company's stake in several marquee businesses -- including exiting Berkshire's holding in Bank of America at a steep loss.

By Bloomberg
NEWS INDUSTRY NEWS JAN 09, 2012
Smitten

The campaign for the GOP presidential nomination has been a little bit like 'Wacky Races' -- lots of twists and turns, and every week, somebody new is leading the pack. But an exclusive <i>InvestmentNews</i> poll shows there's absolutely no doubt who advisers are pulling for. | <b>Extra</b> <a href=http://www.investmentnews.com/article/20120106/FREE/120109966>Romney tax plan more deficit booster than deficit buster &amp;raquo;</a>

By John Goff
Hop off Treasuries? Large-caps snap back in 2012, say forecasters
NEWS INDUSTRY NEWS JAN 09, 2012
Hop off Treasuries? Large-caps snap back in 2012, say forecasters

Europe's woes notwithstanding, analysts zeroed in on ballooning corporate profits; 'the answer is yes'

By John Goff
NEWS LIFE INSURANCE AND ANNUITIES JAN 09, 2012
Insurer-owned B-Ds slowly fading away?

Independent broker-dealers owned by insurance companies, once the dominant players of the industry, will continue to dwindle in size and importance over the coming decade, unable to keep pace with more nimble competitors that invest in, and increase, investment advisory services for reps.

By Bruce Kelly
NEWS INDUSTRY NEWS JAN 09, 2012
These 10 mutual fund families were tops in 2011

By John Goff
NEWS INDUSTRY NEWS JAN 09, 2012
Best-performing mutual fund families this year

By John Goff
General Electric makes major move into banking with MetLife deal
NEWS LIFE INSURANCE AND ANNUITIES JAN 09, 2012
General Electric makes major move into banking with MetLife deal

Conglomerate acquires $7.5B in accounts from insurer; sale includes online banking platform

By John Goff
NEWS PRACTICE MANAGEMENT JAN 09, 2012
Cetera to move IRA custody in-house from Pershing

Cetera Financial Group informed financial advisers at two of its three brokerage units last Wednesday that it plans to bring custody of various IRA and savings accounts in-house at its third broker unit, PrimeVest Financial Services Inc.

By Andrew Osterland
NEWS BROKER DEALERS JAN 08, 2012
Private-equity firm takes aim at small players in B-D space

By Bruce Kelly
NEWS INDUSTRY NEWS JAN 08, 2012
Capital shortage leads WJB to shutter B-D operation

By Bloomberg
NEWS INDUSTRY NEWS JAN 08, 2012
Gold's allure dimming as deflation fears grow

By Jason Kephart
NEWS INDUSTRY NEWS JAN 08, 2012
European doom and gloom is overdone, analysts say

By Jeff Benjamin