Industry News

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NEWS RIAS MAR 27, 2014
An adviser's toughest job: Telling a client the truth

Many will not have saved enough to see them through retirement.

By Joe Duran
NEWS INDUSTRY NEWS MAR 27, 2014
Buffett alters yardstick after Berkshire falls short of goal

Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., changed the standard by which he measures performance after falling short of his target for the first time in decades.

By Matt Ackermann
Cantor Fitzgerald makes big splash in wealth management with First Commonwealth deal
NEWS RIAS MAR 27, 2014
Cantor Fitzgerald makes big splash in wealth management with First Commonwealth deal

Renowned trading firm strikes a deal to acquire a bank-owned RIA with more than $2 billion in assets. And it's not finished. Here's what Cantor is looking for.

By Trevor Hunnicutt
NEWS RIAS MAR 27, 2014
Merging for the right reasons: Fundamental considerations for RIAs

Many independent RIAs would be able to serve clients better if they combined their resources with like-minded advisers.

By Michael Nathanson, Robert Glovsky, and Nadine Lee
NEWS RIAS MAR 27, 2014
Krawcheck says advisory business still coming up short in reaching out to women

The trailblazer says the advisory business is still coming up short in reaching out to women, both as advisers and clients, and explains why.

By Jeff Benjamin
NEWS PRACTICE MANAGEMENT MAR 27, 2014
The financial feminine mystique backed by hard numbers

Data show women hedge fund managers outperformed the index.

By Jeff Benjamin
NEWS INDUSTRY NEWS MAR 27, 2014
Future of E.F. Hutton relaunch in question in wake of Lebenthal deal

Core group still says it will move forward, but Campanale has jumped ship

By Jeff Benjamin
NEWS FINTECH MAR 26, 2014
Curtis: Raymond James is fighting cybercriminals every day

RJFS president tells conference that 1½ times a day, hackers try to make money off advisers' clients.

By Liz Skinner
NEWS RETIREMENT PLANNING MAR 26, 2014
Reader reacts: Investors must know 401(k) rollover options

Moving assets into an IRA is just one of many options investors should consider

By MFXFeeder
NEWS RETIREMENT PLANNING MAR 26, 2014
Mary Beth Franklin: Secrets for claiming retroactive Social Security benefits

By lkonish
NEWS RETIREMENT PLANNING MAR 26, 2014
The future of your 401(k) revealed

Target date funds to take the majority of 401(k) contributions by 2018

By CODONNELL
NEWS RETIREMENT PLANNING MAR 26, 2014
Retirement confidence edges up from record lows

Annual EBRI survey credits higher stock, home values.

By Mary Beth Franklin
NEWS EQUITIES MAR 26, 2014
Every day is Veterans Day at Drexel Hamilton

Longtime Wall Streeter James Cahill's firm trains ex-military members for finance jobs.

By Aaron Elstein
NEWS ALTERNATIVES MAR 25, 2014
Brokers face challenges in originating mortgages

More financial advisers are becoming licensed mortgage loan originators as full-service brokerage firms look to be one-stop shops for wealthy investors, but some regulatory gray areas are causing concern.

By Mason Braswell
NEWS INDUSTRY NEWS MAR 25, 2014
Consumer spending spurs stocks higher

New positive data on February's consumer spending helped send stocks up this week. But revised results from January also led JPMorgan Chase and RBS Securities economists to cut their first quarter growth forecasts.

By lkonish
NEWS INDUSTRY NEWS MAR 25, 2014
Consumer spending spurs stocks higher

But new data also led two major firms' economists to cut first quarter growth forecasts

By lkonish
NEWS INDUSTRY NEWS MAR 25, 2014
Small-cap watchers warn investors to moderate expectations

Small-cap stocks have been going gangbusters, but the rally might not last forever as interest rates rise

By Trevor Hunnicutt
NEWS EQUITIES MAR 25, 2014
What are the economic consequences of the next Cold War?

<i>Breakfast with Benjamin:</i> How the Russia situation could hit the economy. Plus: JPMorgan abandons its commodities business, Morningstar's deep dive into the Pimco mess, expect the expected from Yellen today, retirees give Boomers the playbook, and, big surprise, short-sellers badmouth stocks.

By Jeff Benjamin
NEWS FINTECH MAR 25, 2014
Finra fines, complaints drop as market improves

Finra reports that suitability fines and customer complaints have dropped as the financial crisis has faded further into the rearview. It's not all smooth sailing, however, as new regulatory priorities have emerged.

By Andrew Leigh
NEWS PRACTICE MANAGEMENT MAR 25, 2014
How to help minority financial planning students get jobs

Put them through the wringer with mock interviews; act as mentors

By Liz Skinner