Industry News

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NEWS FIXED INCOME JAN 21, 2014
Don't fear the taper: Bonds indicate no rate boost 'til 2015

From futures to derivatives, traders don't see the Federal Reserve raising its benchmark interest rate from a record low until nine months after policymakers end their monthly bond purchases of $85 billion, or late 2015.

By Gregory Crawford
NEWS INDUSTRY NEWS JAN 20, 2014
Gold supply declining, BlackRock manager says

BlackRock Inc.'s Evy Hambro, manager of its $8 billion World Mining Fund, said gold supply may fall “quite rapidly” as producers curb output at expensive mines.

By Matt Ackermann
NEWS INDUSTRY NEWS JAN 20, 2014
How the big guns are playing gold mining stocks

Many gold-mining exchange-traded funds are down big but assets are up, so what gives?

By Gregory Crawford
NEWS INDUSTRY NEWS JAN 20, 2014
Advisers not sure which way to turn with gold

Advisers are not sure which way to turn with gold as fundamental to technical indicators are flashing bullish and bearish signals. Jeff Benjamin reports.

By Jeff Benjamin
NEWS RIAS JAN 20, 2014
LinkedIn disrupts adviser recruiting

Has LinkedIn changed recruiting at advisory firms? Openings that firms had previously hired third-party recruiters to fill are now routinely posted on LinkedIn, and large companies employ in-house recruiters who scour LinkedIn for candidates.

By Joyce Hanson
NEWS REGULATION AND LEGISLATION JAN 20, 2014
Clearing firm agrees to pay $1 million fine in Finra settlement

Multiple compliance problems at the clearing firm, which serves about 86 correspondent broker-dealers, has led to an agreement to pay a $1M fine as part of a settlement with Finra.

By Bruce Kelly
NEWS RETIREMENT PLANNING JAN 19, 2014
Health savings accounts gain in popularity

They're a great way to save on federal taxes, but state treatments differ widely

By Darla Mercado
NEWS RETIREMENT PLANNING JAN 19, 2014
Taxpayers act with enough incentive

Roth conversions came in at $64.8 billion in 2010, above an expected $26.5 billion.

By Bloomberg
Another reason to file and suspend Social Security benefits
NEWS RETIREMENT PLANNING JAN 19, 2014
Another reason to file and suspend Social Security benefits

There is flexibility in lump-sum payouts – but you must be alive to collect them

By Mary Beth Franklin
NEWS RETIREMENT PLANNING JAN 19, 2014
Merrill Lynch hires director of gerontology

Cynthia Hutchins takes on newly created role to help advisers deal with aging clients.

By Mary Beth Franklin
NEWS BROKER DEALERS JAN 19, 2014
Compliance efforts help some independent broker-dealers avoid regulators

By Sarah O'Brien
NEWS INDUSTRY NEWS JAN 18, 2014
Donald Marron's Lightyear Capital in deal for majority stake in advisory firm

Donald Marron's private equity shop in deal for majority stake in Wealth Enhancement Group, a firm that handles $4.7 billion in client assets.

By Bloomberg
NEWS INDUSTRY NEWS JAN 18, 2014
Marron scores big on Cetera deal

After having no plans to sell, the Lightyear Capital executive found an offer too good to pass up.

By Mason Braswell
NEWS INDUSTRY NEWS JAN 17, 2014
Is working with a financial adviser worth the cost?

Advised investors underperformed self-directed ones in 2013, new research shows

By Trevor Hunnicutt
NEWS WIREHOUSES JAN 17, 2014
Profit drops 70% at Morgan Stanley

Brokerage firm set aside $1.2B in fourth quarter for litigation, misses return on equity goal.

By Gregory Crawford
NEWS RIAS JAN 17, 2014
Breaking up is hard to do – especially in business

The best way avoid a split is to have a longer "courtship."

By Liz Skinner
NEWS BROKER DEALERS JAN 17, 2014
Largest independent broker-dealer holding companies

By Andrew Leigh
NEWS WIREHOUSES JAN 17, 2014
Wells Fargo brokerage unit delivers in 4Q

Brokers' pay rises on higher transaction revenue and asset-based fees.

By Mason Braswell
NEWS RETIREMENT PLANNING JAN 17, 2014
How to break into the 401(k) plan adviser scene

By MFXFeeder
NEWS ETFS JAN 16, 2014
BlackRock profit surges as investors deposit $40B

CEO Laurence D. Fink said BlackRock has the potential to increase its asset base by about 5% annually by developing new ETFs and expanding its reach among individual investors.

By Matt Ackermann