Industry News

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NEWS INDUSTRY NEWS OCT 24, 2013
Double your pleasure, double your fun

By By Nicholas Colas
NEWS EQUITIES OCT 24, 2013
Cash is trash? Depends on who you're talking to

Who in their right mind would own cash when it's a guaranteed losing proposition? You might be surprised.

By Gregory Crawford
NEWS EQUITIES OCT 24, 2013
No big bang for ING IPO

Stock trades higher after company cuts offering price; annuities biz viewed as financial drag

By Darla Mercado
NEWS EQUITIES OCT 24, 2013
ING U.S. sets stock offering price at $21-$24 a share

Company to change name to Voya Financial upon IPO, focus on retirement, investment, insurance.

By Darla Mercado
NEWS RIAS OCT 23, 2013
Advisory expansion at Schwab helps 3Q profits climb

Firm reports double-digit revenue gains in three units; 15% growth overall.

By Trevor Hunnicutt
NEWS RETIREMENT PLANNING OCT 23, 2013
Unraveling mystery Social Security lump-sum payments

Some retirees can receive up to six-months of retroactive benefits.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING OCT 23, 2013
Schwab ETF platform for 401(k)s hits regulatory speed bump

Schwab's ETF platform for 401(k)s, which was expected to debut in the fourth quarter, may need more work before being ready for prime time. Darla Mercado on what happened.

By Darla Mercado
NEWS RIAS OCT 23, 2013
Largest wealth group at UBS in San Diego goes independent

Ajay Gupta and partners managed $540 million at wirehouse; clients include new-age guru Chopra.

By Trevor Hunnicutt
NEWS RIAS OCT 23, 2013
Raymond James offers alts to RIAs

The beefing up of Raymond James' RIA business continues as affiliated RIAs will have access to the firm's alternative investment platform beginning in September.

By DJAMIESON
NEWS RIAS OCT 23, 2013
Rising rates damp Raymond James' quarterly results

Revenue, income, earnings up small, EPS miss expectations.

By DJAMIESON
NEWS RIAS OCT 23, 2013
Fidelity rejiggers institutional business

Revamp aimed at streamlining coverage of RIA, B-D, bank, and retirement-plan clients

By DJAMIESON
NEWS INDUSTRY NEWS OCT 22, 2013
Summers says government-driven growth is right medicine, not austerity

Former Fed chief contender's credibility questioned; views called “simplistic.”

By Trevor Hunnicutt
NEWS RIAS OCT 22, 2013
The $50B wirehouse heist

Rudy Adolf of Focus Financial has done the math: Wall Street wirehouses destroy close to $50 billion of portfolio value each year with "unnecessary fees and depressed performance based on poor product choices, or both."

By radolf
NEWS RETIREMENT PLANNING OCT 22, 2013
Wealthy investors changing definition of age and retirement

Affluent investors embrace a broader definition of youth as life expectancy stretches

By Trevor Hunnicutt
NEWS RETIREMENT PLANNING OCT 22, 2013
Wealthy investors changing definition of age and retirement: Study

Affluent investors embrace a broader definition of youth, changing their retirement needs

By Trevor Hunnicutt
NEWS INDUSTRY NEWS OCT 22, 2013
Take Five with George Schwartz of Schwartz Investment Counsel and Ave Maria

Investors shouldn't sit on sidelines, despite partisan battles over government spending, he says

By Jeff Benjamin
NEWS FIXED INCOME OCT 22, 2013
Muni star Whitney winds down brokerage, sets up fund

After three unprofitable years, still waiting for the muni bond apocalypse.

By Gregory Crawford
Jeffrey Saut: Shutdown, default will be resolved soon
NEWS INDUSTRY NEWS OCT 22, 2013
Jeffrey Saut: Shutdown, default will be resolved soon

Investors should focus on improving economy, earnings, gas prices and China, he says.

By Jeffrey D. Saut
NEWS FIXED INCOME OCT 22, 2013
Take Five with Iron Financial's Aaron Izenstark

Chief investment strategist says government shutdown could delay tapering.

By Jeff Benjamin
NEWS RETIREMENT PLANNING OCT 22, 2013
Protective Life pulling in reins on variable annuity flows

Another day, another VA pullback. This time, Protective Live is putting the brakes to sales of its variable annuities, including clamping down on 1035 exchanges.

By Darla Mercado