Industry News

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NEWS INDUSTRY NEWS OCT 28, 2013
Pressure is on

Restructuring at MetLife has put two broker-dealers under one roof, and has increased the pressure on reps to sell the company's proprietary products.

By Andrew Leigh
NEWS WIREHOUSES OCT 27, 2013
Wirehouses find a way through 401(k) regulation

As 401(k) plan advising gets closer attention from regulators, brokers are finding a way to play

By Darla Mercado
NEWS INDUSTRY NEWS OCT 26, 2013
Wall Street profit may drop 37%, bitten by laws, Congress

Employment drops to near post-recession low; bonuses could be crimped by profit squeeze.

By Gregory Crawford
NEWS INDUSTRY NEWS OCT 26, 2013
Default averted, but advisers pan politicians

Give Obama, Congressboth barrels; hold little hope for long-term budget plan.

By Jeff Benjamin
NEWS INDUSTRY NEWS OCT 25, 2013
Some 529 college savings plan fees likely hit bottom

Find out which states charge investors the least

By Liz Skinner
NEWS INDUSTRY NEWS OCT 25, 2013
Some 529 college savings plan fees likely hit bottom

After demanding a reduction in administrative and investment costs, some states are now offering plans with such low fees that they are barely profitable for managers, one expert says.

By Liz Skinner
NEWS INDUSTRY NEWS OCT 25, 2013
For near-term boost, go with high-yield fixed income

It isn't too late to jump tactically into the high-yield bond market for a near-term portfolio boost. High-yield bond mutual funds, up more than 5.6% from the start of the year, are clearly the hottest area of fixed income, and the near-term outlook is for more upside.

By Jeff Benjamin
Social Security-claiming options for spouses of different ages
NEWS RETIREMENT PLANNING OCT 25, 2013
Social Security-claiming options for spouses of different ages

Sometimes creative strategies just won't work.

By Mary Beth Franklin
NEWS INDUSTRY NEWS OCT 25, 2013
Yellen to be named by Obama first female Fed chair

President Barack Obama will nominate Janet Yellen as chairman of the Federal Reserve, which would put the world's most powerful central bank in the hands of a key architect of its unprecedented stimulus program. How will the markets react?

By Matt Ackermann
NEWS INDUSTRY NEWS OCT 25, 2013
Clinton backs Yellen for Fed while defending Summers's past

Former President Bill Clinton said Janet Yellen would be “great” as the next chairman of the Federal Reserve and defended Larry Summers, who withdrew his name from consideration amid lawmaker opposition.

By Matt Ackermann
NEWS INDUSTRY NEWS OCT 25, 2013
Spooked by higher taxes, investors give more away

Investors riding high amid stock market gains have become more charitable, as fears of increased capital gains taxes linger.

By Darla Mercado
NEWS BROKER DEALERS OCT 25, 2013
Insurer to sell its broker-dealer to John Hancock

Symetra Investment Services, with about 280 registered reps, not a fit with parent.

By Bruce Kelly
NEWS RETIREMENT PLANNING OCT 24, 2013
Social Security benefits to increase 1.5%

Monthly Social Security benefits will increase Jan. 1, thanks to a cost-of-living adjustment.

By Mary Beth Franklin
NEWS WIREHOUSES OCT 24, 2013
UBS adds four-member team from Merrill that managed $3.1 billion

L.A.-based group is latest in wave of high-value advisers switching firms.

By Trevor Hunnicutt
NEWS INDUSTRY NEWS OCT 24, 2013
Seinfeld star's financial adviser sued by regulators

Don't get caught like a deer in headlights like the clients of this Beverly Hills, Calif.-based wealth manager

By Bruce Kelly
NEWS INDUSTRY NEWS OCT 24, 2013
Inflated U.S. yields underprice default risk, Allianz CEO says

Treasury yields that rose a percentage point this year still fail to reflect the risk that the government of world's largest economy may default, said Michael Diekmann, the chief executive officer of Allianz SE.

By Matt Ackermann
NEWS RETIREMENT PLANNING OCT 24, 2013
Shutdown delays announcement of Social Security cost-of-living allowance

Labor Department says CPI report will not be released this week

By Mary Beth Franklin
NEWS INDUSTRY NEWS OCT 24, 2013
10 stealth economic trends that rule the world

A look into the subtle forces reshaping the world's economies, and other must reads from wealth manager and CNBC commentator Josh Brown

By Joshua Brown
NEWS RETIREMENT PLANNING OCT 24, 2013
Your retirement plan is now following you on Twitter

What employees miss by not connecting with plans on social media

By Megan Durisin
NEWS INDUSTRY NEWS OCT 24, 2013
Gross' flagship fund endures hefty September redemptions

Pimco Total Return Fund, the world's biggest mutual fund, had its fifth straight month of withdrawals as investors continued to flee bonds.

By Matt Ackermann