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JPMorgan's David Kelly: Three key 'unresolved' questions about to be answered
NEWS INDUSTRY NEWS JUN 14, 2011
JPMorgan's David Kelly: Three key 'unresolved' questions about to be answered

Last week saw the sixth consecutive weekly loss for the stock market, with the S&P500 now down 6.8% from its late-April peak.

By David Kelly
NEWS ETFS JUN 14, 2011
Larry Fink's plan for winning over advisers

If “big,” “strong” and “mysterious” are the attributes you want for a financial brand, you can't pick a better name than BlackRock Inc.

By Jessica Toonkel
Are Americans too dumb to retire?
NEWS RETIREMENT PLANNING JUN 14, 2011
Are Americans too dumb to retire?

If so, auto-enrollment plans make a lot of sense

By Evan Cooper
NEWS INDUSTRY NEWS JUN 14, 2011
Recovery 'below normal,' but stocks will surge anyway, Robert Doll says

The U.S. equities market will see double-digit gains this year while the gross domestic product will reach an all-time high, Robert C. Doll, senior managing director at BlackRock Inc., predicted last week

By Jessica Toonkel
NEWS ALTERNATIVES JUN 14, 2011
Alternatives present quandary for custodians

Custody firms are engaged in a delicate balancing act, trying to accommodate a growing number of alternative investments while at the same time implementing stricter eligibility criteria for accepting those assets

By Dan Jamieson
B-Ds may pay more than $1M to foot bill for new audits
NEWS RIAS JUN 14, 2011
B-Ds may pay more than $1M to foot bill for new audits

The largest U.S. broker-dealers may be asked to pay more than $1 million a year to fund annual inspections required by the Dodd-Frank Act, according to a proposal by the panel that oversees public-company audits.

By Mark Bruno
Another big year in store for large-caps, say top strategists
NEWS INDUSTRY NEWS JUN 14, 2011
Another big year in store for large-caps, say top strategists

Wall Street gurus see S&P 500 gaining 11 percent in 2011; 'new normal may not be quite so new'

By John Goff
Will small B-Ds get a pass on audit reg?
NEWS INDUSTRY NEWS JUN 14, 2011
Will small B-Ds get a pass on audit reg?

Meeting tomorrow of PCAOB to take up inspection and funding program

By Dan Jamieson
Brokers get their Irish up over change to IRA rules
NEWS RETIREMENT PLANNING JUN 13, 2011
Brokers get their Irish up over change to IRA rules

Some claim they'll abandon the business if they're required to act as fiduciaries to retirement accounts, 401(k)s

By John Goff
Asset allocation R.I.P.?
NEWS RETIREMENT PLANNING JUN 13, 2011
Asset allocation R.I.P.?

New study reveals savers not saving enough -- and asset allocators not allocating assets enough

By Evan Cooper
NEWS INDUSTRY NEWS JUN 13, 2011
California's 529 plans put out for bid

The state of California is hoping to take advantage of lower fees and other investor-friendly trends in the college savings plan market by asking companies to submit proposals to run its two Section 529 college savings plans

By Liz Skinner
Big-time rush: Small-caps trouncing large-caps
NEWS INDUSTRY NEWS JUN 13, 2011
Big-time rush: Small-caps trouncing large-caps

But stellar performance of Russell 2000 in 2010 could signal a big run-up in this S&P 500 this year

By John Goff
NEWS RETIREMENT PLANNING JUN 12, 2011
Five considerations for Roth redos

By MFXFeeder
NEWS REGULATION AND LEGISLATION JUN 12, 2011
Provident mess lands on Fidelity's doorstep

By Bruce Kelly
NEWS RIAS JUN 12, 2011
Advisers must be flexible during debt limit impasse

By MFXFeeder
NEWS INDUSTRY NEWS JUN 12, 2011
Securities America asks reps to pledge allegiance

Securities America Inc. last week took the unusual step of asking its 1,800 reps and advisers to sign a “letter of support” to indicate their intention to remain at the firm — a development that some observers took to mean that a sale of the troubled broker-dealer could be imminent.

By Bruce Kelly
Leaders of Senate debt reduction group vow to take hard look at tax expenditures
NEWS RIAS JUN 10, 2011
Leaders of Senate debt reduction group vow to take hard look at tax expenditures

Two leaders of a group of senators trying to convert last year's presidential deficit commission recommendations into legislation plan to take a hard look at eliminating tax breaks which cost a total of $1.1 trillion annually.

By Mark Schoeff Jr.
Money lost to retirement plan tax breaks vastly overstated, say actuaries
NEWS RETIREMENT PLANNING JUN 10, 2011
Money lost to retirement plan tax breaks vastly overstated, say actuaries

The Treasury Department's calculation of revenues that are lost to tax-deferred retirement plans is flat out wrong, says an acturial group. They may be on to something.

By Mark Schoeff Jr.
NEWS RIAS JUN 10, 2011
RIAs: The struggle for advisory firms to maintain growth

RIA firms shouldn't expect the good times to last. After benefiting from strong equity markets in 2009 and 2010, registered investment advisory firms will be battling head winds for the next few years as they seek further growth, observers predict

By Dan Jamieson
NEWS LIFE INSURANCE AND ANNUITIES JUN 10, 2011
Split AIG into two units, former chairman says

Bailed-out insurer AIG should be broken up eventually because its two main businesses have “no strategic fit between them,” according to Harvey Golub, its former chairman

By Bloomberg