Industry News

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With more workers lacking 401(k) plans, retirement savings crisis grows
NEWS RETIREMENT PLANNING OCT 26, 2015
With more workers lacking 401(k) plans, retirement savings crisis grows

Even those with plans save the maximum and few set aside money in IRAs or Roth IRAs.

By Bloomberg
Hedging against triple whammy of Medicare price hikes
NEWS RETIREMENT PLANNING OCT 26, 2015
Hedging against triple whammy of Medicare price hikes

The price tag for Medicare is expected to swell dramatically Jan. 1 as the result of several factors.

By Katy Votava
Advisers form coalition to oppose DOL fiduciary rule
NEWS RETIREMENT PLANNING OCT 26, 2015
Advisers form coalition to oppose DOL fiduciary rule

Grassroots organization is sponsored by a trade association for life insurance companies.

By Mark Schoeff Jr.
Massachusetts' Galvin investigates fund pricing glitches
NEWS ETFS OCT 26, 2015
Massachusetts' Galvin investigates fund pricing glitches

Massachusetts' top securities cop is investigating the failure of an accounting platform he said delayed correct pricing for billions of dollars in mutual funds and ETFs.

By Trevor Hunnicutt
NEWS IRA ALERT OCT 25, 2015
Attorney learns the wrong way to deduct IRA losses

Semi-retired patent attorney cannot deduct losses in an IRA.

By Ed Slott
NEWS WOMEN ADVISOR COMMUNITY OCT 25, 2015
Key to success for women: Confidence

By MFXFeeder
NEWS EQUITIES OCT 23, 2015
Jim Cramer's stock picks miss the mark

<i>Breakfast with Benjamin</i>: TV stock barker Jim Cramer received a failing grade from a finance professor for a dismal 28% success rate in picking stocks.

By Jeff Benjamin
Democrats oppose bill to thwart DOL fiduciary rule
NEWS PRACTICE MANAGEMENT OCT 23, 2015
Democrats oppose bill to thwart DOL fiduciary rule

Even those who backed similar legislation two years ago now support the Labor Department's proposal to change investment advice standards for retirement accounts.

By Mark Schoeff Jr.
DOL proposes rule to grease wheels for states to set up private-sector retirement programs
NEWS RETIREMENT PLANNING OCT 22, 2015
DOL proposes rule to grease wheels for states to set up private-sector retirement programs

Labor Secretary Perez says proposal would validate approach that states like Illinois, California and Oregon are taking.

By Hazel Bradford
Sounding the secular stagnation alarm bells
NEWS EQUITIES OCT 22, 2015
Sounding the secular stagnation alarm bells

<i>Breakfast with Benjamin</i>: Larry Summers is sounding the alarm for secular stagnation.

By Jeff Benjamin
As Paul Ryan moves closer to speaker perch, his signature issues resonate with advisers
NEWS INDUSTRY NEWS OCT 22, 2015
As Paul Ryan moves closer to speaker perch, his signature issues resonate with advisers

The decision by Rep. Paul Ryan, R-Wisc., to run for speaker of the House has investment advisers hoping that he will help ease partisan tensions in Washington and emphasize deficit cutting.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING OCT 22, 2015
Should you take a lump sum payout on your pension?

Consider these four things before taking that big chunk of money your former employer offers you.

By Bloomberg
NEWS RETIREMENT PLANNING OCT 22, 2015
These benefits are even more popular than raises

With wages stagnant, employers have found something else to attract and retain employees.

By Bloomberg
4 ways the Labor Department is about to rock our world
NEWS RETIREMENT PLANNING OCT 22, 2015
4 ways the Labor Department is about to rock our world

The proposed fiduciary standard will have the biggest impact since the deregulation of the securities industry a few decades ago.

By Joe Duran
SEC, Finra fine UBS $34 million over Puerto Rico funds
NEWS WIREHOUSES OCT 22, 2015
SEC, Finra fine UBS $34 million over Puerto Rico funds

Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud.

By Mason Braswell
NEWS PRACTICE MANAGEMENT OCT 22, 2015
How to show clients what they're missing when they focus on products over plans

Sometimes clients need a reminder they're not investing because they want to own one of the &quot;10 hot funds&quot;

By crichards
Morningstar shines an ESG light on all mutual funds and ETFs
NEWS EQUITIES OCT 22, 2015
Morningstar shines an ESG light on all mutual funds and ETFs

New zero-to-100 rating would indicate the environmental, social and governance impact of a fund's holdings.

By Jeff Benjamin
Emerging markets pioneer Mark Mobius to step down as lead manager on Templeton Emerging Markets Investment Trust
NEWS EMERGING MARKETS OCT 22, 2015
Emerging markets pioneer Mark Mobius to step down as lead manager on Templeton Emerging Markets Investment Trust

Carlos Hardenberg selected as new lead manager in effort to bolster performance, which has been subpar.

By Bloomberg
NEWS RETIREMENT PLANNING OCT 21, 2015
Baby boomers, shift to 401(k)s will send megabucks to advisers by 2020

New report forecasts $1.5T will flow to defined contribution and retail investment markets.

By Greg Iacurci
NEWS INDUSTRY NEWS OCT 21, 2015
How Kubrick's '2001: A Space Odyssey' mirrors today's brokerage industry

The analogy of evolution and the shared themes of technology, human change and exploration are parallel.

By Jeffrey Anderson