Industry News

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NEWS INDUSTRY NEWS AUG 12, 2011
Peter Schiff: What to make of the 'real' unemployment rate

Since the US economy has failed to recover as widely predicted, pressure on the Federal Reserve to conjure a solution has increased.

By Peter Schiff
NEWS EMERGING MARKETS AUG 12, 2011
Peter Schiff: Why it's time to dump most U.S. stocks

By MFXFeeder
Buffett binging on shares of wirehouse
NEWS INDUSTRY NEWS AUG 11, 2011
Buffett binging on shares of wirehouse

With the market selling off, Warren Buffett has been moving in. In fact, SEC filings show the Oracle has been loading up on stock, particularly shares of Wells Fargo. This may be of some interest to advisers, considering the bank's P/e ratio is now less than 9 to 1.

By John Goff
Second time around, life insurers braced for downturn: UBS
NEWS LIFE INSURANCE AND ANNUITIES AUG 11, 2011
Second time around, life insurers braced for downturn: UBS

Ameriprise, MetLife and Prudential among those favored in a plummeting market

By Darla Mercado
How to max out your clients' FDIC coverage
NEWS RETIREMENT PLANNING AUG 11, 2011
How to max out your clients' FDIC coverage

$250K limit can easily be bumped up to $2M; CDARS, brokered CDs gaining in popularity

By John Goff
NEWS INDUSTRY NEWS AUG 11, 2011
What advisers should be telling clients

Given the media frenzy over the market mayhem this week, clients are understandably blitzed, bothered and bewildered. Here's what advisers should be saying to calm them down.

By John Goff
NEWS INDUSTRY NEWS AUG 11, 2011
Bottom's up? Stocks stage mighty rally

Bargain-hunting investors pushing up the prices of equities; Dow well over 200 points to the good

By John Goff
NEWS INDUSTRY NEWS AUG 11, 2011
History in the making: When will the meltdown end?

It's challenging — next to impossible, actually — for investors and advisers to have an appropriate level of context for a major market meltdown when we're still caught in the rip tide (and searching for the floor or the shore, whatever comes first).

By Mark Bruno
Gold at $1,600? Don't bet against it, says Scotia
NEWS INDUSTRY NEWS AUG 11, 2011
Gold at $1,600? Don't bet against it, says Scotia

Gold may advance to a record $1,600 an ounce this year as investors seek to protect their wealth from Europe's sovereign-debt crisis, boosting demand, according to Scotia Capital.

By Bloomberg
NEWS INDUSTRY NEWS AUG 10, 2011
Recession coming? Experts offer odds

With the stock market plunging -- and the Federal Reserve stating that business growth is flagging -- legendary investors and top analysts rate the chances that the U.S. is slipping into another economic downturn.

By John Goff
Pershing under the knife at BNY Mellon?
NEWS INDUSTRY NEWS AUG 10, 2011
Pershing under the knife at BNY Mellon?

Planned job cutting by parent BNY Mellon could sweep away jobs at the custodian that's a mainstay for independent B-Ds. .

By Andrew Osterland
Do call it a comeback: Dow does 636 pt. turnaround — in less than two hours
NEWS INDUSTRY NEWS AUG 10, 2011
Do call it a comeback: Dow does 636 pt. turnaround — in less than two hours

After the Dow Jones Industrial Average dropped more than 200 points just before 3pm ET., the index staged an incredible 636 point turnaround to close at 11,240, up 3.98% for the day — just one day after one of the worst performances in stocks market history.

By InvestmentNews Staff
Supercommittee policy will follow personnel
NEWS FIXED INCOME AUG 10, 2011
Supercommittee policy will follow personnel

The bicameral, bipartisan 12-person supercommittee must consider changes both to taxes and entitlements to make fundamental changes in the deficit trajectory. But will members be willing to break with party orthodoxy?

By Mark Schoeff Jr.
Pimco sees haven in corporates as returns soar
NEWS FIXED INCOME AUG 10, 2011
Pimco sees haven in corporates as returns soar

Company debt from the U.S. to Europe to Asia returned 1.8% last month on average, erasing a 0.65% loss in June, and the most since a 2.14% gain in August 2010.

By Doug Cubberley
Advisers braced for inflation — if it ever shows up
NEWS INDUSTRY NEWS AUG 10, 2011
Advisers braced for inflation — if it ever shows up

Still investing in defensive bond portfolios despite long patch of stable prices

By Dan Jamieson
Birinyi's latest S&P 500 jaw-dropper
NEWS INDUSTRY NEWS AUG 10, 2011
Birinyi's latest S&P 500 jaw-dropper

The market has been down for five straight weeks. But that isn't stopping Laszlo Birinyi's firm from making another audacious prediction about where the S&P 500 index is headed.

By John Goff
Green acres best bet for making green, Yale's Shiller says
NEWS INDUSTRY NEWS AUG 10, 2011
Green acres best bet for making green, Yale's Shiller says

Famed Yale economist Robert Shiller isn't exactly bullish on most asset classes for the next decade. The only investment he likes? Green acres.

By Jeff Benjamin
NEWS INDUSTRY NEWS AUG 10, 2011
Stifel's West Coast push rolls on with hire of ex-MSSB manager

Stifel Nicolaus & Co. Inc. has hired Susan M. Dixon, former branch manager of Smith Barney's Laguna Niguel, Calif., office, to open a Stifel branch in Irvine, Calif.

By Bloomberg
Monthly fees won't fly, so banks piling into crowded family office space
NEWS RETIREMENT PLANNING AUG 09, 2011
Monthly fees won't fly, so banks piling into crowded family office space

Retail accounts of many banks not money-spinners; Wells Fargo latest to join field

By Liz Skinner
Abbot Downing launch to vault Wells Fargo into family office top four
NEWS RETIREMENT PLANNING AUG 09, 2011
Abbot Downing launch to vault Wells Fargo into family office top four

New unit named after maker of bank's trademark stage coach

By Bloomberg