Industry News

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NEWS RETIREMENT PLANNING MAR 21, 2012
The top 25 variable annuity providers through independent B-Ds

Top participating issuers of VAs

By Mark Bruno
NEWS RETIREMENT PLANNING MAR 21, 2012
Longevity insurance promising - but higher rates would help

By Darla Mercado
NEWS BROKER DEALERS MAR 20, 2012
The Reformed Broker: The day I realized 'the end was near'

The following is an excerpt from <a href=http://www.amazon.com/Backstage-Wall-Street-Insider%252019s-Investments/dp/007178232X/ref=sr_1_1?ie=UTF8&amp;qid=1333988682&amp;sr=8-1>Backstage Wall Street: An Insider's Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments</a>, written by Josh Brown, vice president and financial adviser at Fushion Analytcis Investment Partners.</a>

By Josh Brown
Will BAML's new fiduciary service make big contribution to its DC business?
NEWS RETIREMENT PLANNING MAR 20, 2012
Will BAML's new fiduciary service make big contribution to its DC business?

Bank of America's new fiduciary service will be available to plans with at least $25 million in defined-contribution assets and their retirement plan specialist advisers

By Darla Mercado
NEWS RETIREMENT PLANNING MAR 20, 2012
What's behind money in motion

By Chris J. Brown and Laura Varas
Schumer wants early fight on ending Bush-era tax cuts for top earners
NEWS RIAS MAR 20, 2012
Schumer wants early fight on ending Bush-era tax cuts for top earners

Several top Senate dems believe they're in a stronger position now than in 2010 to go after Bush-era tax cuts for top earners

By Doug Cubberley
NEWS REGULATION AND LEGISLATION MAR 20, 2012
SIFMA, Finra clash over deadbeat brokers

Increasingly, brokerages are being stiffed by ex-reps who were given hefty loans as recruiting incentives. SIFMA wants Finra to write a tougher rule to help battle deadbeat brokers. So far, no dice.

By Dan Jamieson
NEWS INDUSTRY NEWS MAR 19, 2012
'Real Time''s Bill Maher reveals real amazing investment

Comic says he purchased minority stake in New York Mets; laughing stock?

By John Goff
NEWS RIAS MAR 19, 2012
Affiliated Managers Group takes maiden wealth management stake with Veritable deal

The deal is the first wealth management acquisition for AMG, which owns stakes in 27 boutique money managers that have a total of $338 billion under management.

By Dan Jamieson
VA clients holding on to their VAs instead of surrendering them
NEWS RETIREMENT PLANNING MAR 19, 2012
VA clients holding on to their VAs instead of surrendering them

VA clients are less likely to surrender their variable annuities, as living benefits retain high value

By Darla Mercado
NEWS RIAS MAR 19, 2012
Merrill Lynch losing top advisers

By Bloomberg
Missed the BofA rally? There's still time, says investment exec
NEWS INDUSTRY NEWS MAR 19, 2012
Missed the BofA rally? There's still time, says investment exec

Brown says bank's stock still undervalued when compared to earnings potential

By John Goff
Another snafu in DOL's plan to update fiduciary standard
NEWS RETIREMENT PLANNING MAR 19, 2012
Another snafu in DOL's plan to update fiduciary standard

Letter sent to industry groups gave some one day to provide requested information; short notice

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 18, 2012
OSU, Pickens come up empty in insurance battle

By Darla Mercado
NEWS RIAS MAR 18, 2012
JOBS Act merits greater scrutiny

By MFXFeeder
NEWS ALTERNATIVES MAR 18, 2012
Pacific West is ordered to pony up $2.1M over TICs

By Bruce Kelly
NEWS RETIREMENT PLANNING MAR 18, 2012
These tech tools know how to take annuities into account

By Davis Janowski
NEWS INDUSTRY NEWS MAR 16, 2012
Ron Carson: I got the Muppet treatment from Goldman

Well-known wealth manager Ron Carson claims he recently got a first-hand look at how Wall Street treats clients. He wasn't impressed.

By Bruce Kelly
NEWS FIXED INCOME MAR 16, 2012
MF Global's remaining execs won't be awarded bonuses, trustee pledges

Louis Freeh, a former FBI director and MF Global trustee, said he would not recommend bonuses for the three executives who stayed on at the company to help unwind the complex transactions between and among the firm's entities.

By Liz Skinner
Janney signs more wirehouse advisers
NEWS PRACTICE MANAGEMENT MAR 16, 2012
Janney signs more wirehouse advisers

Peter Sampson, Kenneth Wiland Sr., and R. Morgan Purvis, as well as two assistants, joined the firm's Aiken, S.C., office from Morgan Stanley Smith Barney LLC, where they managed a combined $380 million.

By Andrew Osterland