Industry News

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NEWS LIFE INSURANCE AND ANNUITIES FEB 15, 2012
Campaign has Betty White pitching 'hot' life settlements

Actress Betty White is the celebrity pitchwoman for life settlements provider The Lifeline Program and also stars in the firm's viral YouTube video, “I'm Still Hot.”

By Bloomberg
Property taxes up a whopping 66% in this state since 2001
NEWS RETIREMENT PLANNING FEB 15, 2012
Property taxes up a whopping 66% in this state since 2001

Garden State of New Jersey no bed of roses for homeowners

By John Goff
Pimco's Gross says global economy, markets at risk in 2012
NEWS FIXED INCOME FEB 15, 2012
Pimco's Gross says global economy, markets at risk in 2012

Pimco's Gross: U.S. Treasuries look more appealing; Total Return now at 30% U.S. gov't debt

By Doug Cubberley
UBS sues two ex-advisers claiming they took customer data to Wells Fargo
NEWS REGULATION AND LEGISLATION FEB 14, 2012
UBS sues two ex-advisers claiming they took customer data to Wells Fargo

Named as defendants in the lawsuit filed Wednesday by UBS Financial Services Inc. are David Kinnear and Kathleen Bakas.

By Doug Cubberley
NEWS OPINION FEB 14, 2012
Catch-up contributions help retirement

By Lule Demmissie
NEWS RETIREMENT PLANNING FEB 14, 2012
When decisions are impaired by disability

By MFXFeeder
NEWS RIAS FEB 14, 2012
Next Gen: The advisory industry's 'best kept secret'?

A handful of universities, led by Texas Tech and Virginia Tech, are growing their CFP programs and introducing more young talent into the financial planning industry each year. Yet few firms seem to be aware of the budding talent pool.

By Mark Bruno
Indie B-D loses – but still wins – arbitration ruling on DBSI deals
NEWS INDUSTRY NEWS FEB 14, 2012
Indie B-D loses – but still wins – arbitration ruling on DBSI deals

Finra panel orders Berthel Fisher to pay client $20K in damages for sale of TICs; client was seeking $445K

By Bruce Kelly
MCL Financial: Another big seller of alternative investments goes under
NEWS ALTERNATIVES FEB 14, 2012
MCL Financial: Another big seller of alternative investments goes under

There's no letup in sight for broker-dealer closings. Today, MCL Financial -- yet another small brokerage that focused on selling illiquid alternative investments -- has been shuttered.

By Bruce Kelly
Omni present no longer: Brokerage latest B-D to close
NEWS INDUSTRY NEWS FEB 14, 2012
Omni present no longer: Brokerage latest B-D to close

The Utah-based broker-dealer is the latest B-D to shut its doors. While the real-estate focused firm is facing $2.8M in legal claims, it says lack of business, not litigation, is behind the closure.

By Bruce Kelly
Whitney Houston's death puts different type of records in spotlight
NEWS RETIREMENT PLANNING FEB 13, 2012
Whitney Houston's death puts different type of records in spotlight

Untimely passing of pop queen a stark reminder to financial planners of need to review documents; follow-through the key

By Liz Skinner
NEWS INDUSTRY NEWS FEB 13, 2012
Is the U.S. headed for a double recovery?

Yes – that's right. I absolutely believe we will see a double recovery, and not only have I been saying it out loud, now I am putting it in writing.

By Bloomberg
Mark Cuban: Smart grads won't enter finance — and that's a good thing
NEWS TAX FEB 13, 2012
Mark Cuban: Smart grads won't enter finance — and that's a good thing

Now that George Steinbrenner no longer walks the earth, Mark Cuban is arguably the one sports owner that fans love to hate more than any other.

By Bloomberg
Cheney: Obama playing 'small ball' on entitlements
NEWS RETIREMENT PLANNING FEB 13, 2012
Cheney: Obama playing 'small ball' on entitlements

Former veep tells advisers current administration isn't doing enough to curb spending on social programs

By Bloomberg
Plan sponsors gird for sticker shock with 401(k) fee disclosures
NEWS RETIREMENT PLANNING FEB 13, 2012
Plan sponsors gird for sticker shock with 401(k) fee disclosures

Companies are ignorant about charges levied by plan managers, advisers.

By Lavonne Kuykendall
Changes in tax law could take big bite out of Steve Jobs' estate
NEWS RETIREMENT PLANNING FEB 13, 2012
Changes in tax law could take big bite out of Steve Jobs' estate

Now the best time for heirs to sell Apple, Disney stakes; no reason 'not to sell all of it'

By John Goff
MF Global brokerage clients in limbo
NEWS INDUSTRY NEWS FEB 13, 2012
MF Global brokerage clients in limbo

Customers can't get access to accounts -- or even information; ripples may spread to money-market funds

By John Goff
NEWS RETIREMENT PLANNING FEB 13, 2012
Fee decline in target date funds likely to persist

Target date fund fees have been declining year by year and basis point by basis point, and more cuts seem likely

By Robert Steyer
NEWS INDUSTRY NEWS FEB 12, 2012
U.C. students propose a 20-year tuition plan

By MFXFeeder
NEWS INDUSTRY NEWS FEB 12, 2012
Public colleges may be the ticket, advisers tell clients

With tuition and fees at marquee private colleges now approaching a king's ransom, some advisers are telling clients to consider sending their kids to less prestigious -- but more affordable -- public universities.

By Bloomberg