Industry News

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NEWS RIAS OCT 21, 2012
Long line of suitors for Genworth investment units

By Darla Mercado
NEWS INDUSTRY NEWS OCT 21, 2012
10-year-old crafts investment newsletter

By Liz Skinner
NEWS INDUSTRY NEWS OCT 21, 2012
Consumers stuck in credit quicksand

By Esha Ray
NEWS RETIREMENT PLANNING OCT 21, 2012
Hey, tell me about annuities

By Darla Mercado
NEWS RIAS OCT 21, 2012
Cap deductions to balance the budget

By MFXFeeder
NEWS RETIREMENT PLANNING OCT 21, 2012
A better retirement withdrawal strategy — from the tax man

By Darla Mercado
NEWS BROKER DEALERS OCT 19, 2012
Analyst: Ladenburg set for growth acceleration

Ladenburg Thalmann Financial Services Inc., which owns three sizable independent broker-dealers, stands to benefit from long term trends such as the increase in the number of Baby Boomers retiring and advisers leaving large financial institutions

By Bruce Kelly
NEWS PRACTICE MANAGEMENT OCT 19, 2012
Merrill Lynch names new head of alts group

Bank of America Merrill Lynch has named a new head of its Alternative Investments Group, as demand from its advisers for alternatives is expected to double assets over the next three to five years. Keith Glenfield, former chief operating officer of Global Wealth & Retirement Solutions, started in the new role this week.

By JKEPHART
Skip the fiscal-cliff concern, watch for inflation, adviser says
NEWS INDUSTRY NEWS OCT 19, 2012
Skip the fiscal-cliff concern, watch for inflation, adviser says

Concern that inflation will “runaway” at 4% to 5% over the next year and then Fed will have to step in to control prices

By Liz Skinner
NEWS RETIREMENT PLANNING OCT 19, 2012
Hartford deals individual-life unit to Prudential as sell-off continues

Pru to pay $615 million in cash for 700,000 life insurance contracts

By Darla Mercado
NEWS RIAS OCT 19, 2012
Massachusetts seeks to deny registration to adviser

Massachusetts has filed a complaint against a midsize adviser for allegedly misstating assets under management.

By DJAMIESON
NEWS RIAS OCT 19, 2012
Middle-income Americans wing it on financial decisions

That best describes the underpinnings of middle-income Americans' financial decisions. And a new survey reveals just how much it's costing them.

By Mark Schoeff Jr.
NEWS EQUITIES OCT 19, 2012
Gamma ray: Retirement income security is not all about alpha

By Darla Mercado
Advisers irked as Pru locks vintage VAs
NEWS RETIREMENT PLANNING OCT 19, 2012
Advisers irked as Pru locks vintage VAs

Prudential Financial Inc.'s decision to cut off contributions into a slate of older variable annuities with attractive benefits has raised the ire of financial advisers, this time because they were given so little time to add money to the contracts.

By Darla Mercado
Pru pulls plug on another long-term-care product
NEWS RETIREMENT PLANNING OCT 19, 2012
Pru pulls plug on another long-term-care product

Bows out of group LTC insurance; halted sales of individual coverage in March

By Darla Mercado
Arithmetic: Deduction cap means Romney's math adds up, tax group says
NEWS RIAS OCT 18, 2012
Arithmetic: Deduction cap means Romney's math adds up, tax group says

Despite withering criticism from Democrats, it appears Mitt Romney's tax math does indeed add up. At least, that's the verdict from the non-partisan Tax Foundation.

By John Goff
Prudential could get too big to fail tag
NEWS LIFE INSURANCE AND ANNUITIES OCT 18, 2012
Prudential could get too big to fail tag

By Gregory Crawford
Vanguard, iShares win big in first ETF awards
NEWS INDUSTRY NEWS OCT 18, 2012
Vanguard, iShares win big in first ETF awards

Managers grab top honors in four of five asset classes at Morningstar.

By Jason Kephart
NEWS LIFE INSURANCE AND ANNUITIES OCT 18, 2012
LTC insurance a better deal for women

By Liz Skinner
NEWS RETIREMENT PLANNING OCT 18, 2012
Are advisers giving bad Social Security advice? Survey says yes

New research from Wharton shows that many financial advisers are giving their clients shortsighted -- or plain bad -- advice about Social Security.

By Mary Beth Franklin