Industry News

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Chicago high-rise falls flat, marks largest muni default of the year
NEWS RETIREMENT PLANNING OCT 25, 2011
Chicago high-rise falls flat, marks largest muni default of the year

The Clare at Water Tower missed $229m payment this month

By John Goff
DOL: Back to square one on 'fiduciary'
NEWS RETIREMENT PLANNING OCT 25, 2011
DOL: Back to square one on 'fiduciary'

Controversial plan to expand definition yanked to allow more input, further economic analysis

By Bloomberg
NEWS FIXED INCOME OCT 25, 2011
Regions Financial still seeks buyer for Morgan Keegan

Morgan Keegan & Co. Inc. won a small victory last week when a class action brought by investors in a Tennessee state court was dismissed by a federal judge. But it doesn't look as if the troubled securities firm is any closer to being sold than when its parent company, Regions Financial Corp., put it up for sale three months ago

By Andrew Osterland
RIA 3Q M&A activity strong, Pershing report shows
NEWS RIAS OCT 24, 2011
RIA 3Q M&A activity strong, Pershing report shows

Big firms were in play, private-equity firms were active; next two years could see 'frenetic activity'

By Bruce Kelly
Don't ignore the Wall Street protesters
NEWS RIAS OCT 24, 2011
Don't ignore the Wall Street protesters

By MFXFeeder
NEWS ALTERNATIVES OCT 24, 2011
Black swan manager returning 23%, anticipating bear market

Turbulence is where this hedge fund manager thrives

By Doug Cubberley
World has “bigger problem” than in 2008, Black Swan author says
NEWS RETIREMENT PLANNING OCT 24, 2011
World has “bigger problem” than in 2008, Black Swan author says

Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads.

By Doug Cubberley
Ameriprise workers sue over 401(k)s
NEWS INDUSTRY NEWS OCT 24, 2011
Ameriprise workers sue over 401(k)s

A group of workers at Ameriprise Financial Inc. have filed suit in federal court against their employer, alleging that the company placed their 401(k) contributions in proprietary funds, ringing up $20 million in excess costs.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES OCT 24, 2011
Insurers' products are highly prized

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES OCT 24, 2011
Products and insurers' financial strength highly prized by advisers and agents

A LIMRA survey released Tuesday found that 32% of 616 producers picked an aspect of training as the most valued service offered by insurers.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES OCT 24, 2011
Hispanics underinsured

Though Latinos know they ought to have life insurance to protect their families, fewer of them buy it, compared with other demographic groups

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES OCT 24, 2011
Survey: Under-45 crowd way underinsured

If you want to reach out to an untapped audience for life insurance, try people under 45

By Darla Mercado
Advisers not using social media are missing out on clients: survey
NEWS RIAS OCT 24, 2011
Advisers not using social media are missing out on clients: survey

By Lavonne Kuykendall
BofA doubles down on cross-selling to customers
NEWS INDUSTRY NEWS OCT 24, 2011
BofA doubles down on cross-selling to customers

Bank of America continues to push its efforts to cross-sell brokerage products to banking customers -- and vice versa. This week, BofA announced plans to boost Merrill Edge, adding almost twice as many financial advisers to the service for mass affluent consumers.

By Andrew Osterland
Millionaires, mass affluent bemoan markets but double down anyway
NEWS RIAS OCT 24, 2011
Millionaires, mass affluent bemoan markets but double down anyway

Pessimistic mass-affluent, millionaire investors are putting more money in play

By Bloomberg
Affluent doing just fine — but don't try telling them that
NEWS RETIREMENT PLANNING OCT 24, 2011
Affluent doing just fine — but don't try telling them that

Survey finds mass-affluent investors still gloomy as heck about their finances; 'not matching the reality of their situation'

By Lavonne Kuykendall
NEWS RETIREMENT PLANNING OCT 23, 2011
Special report: 2011 Industry Attitudes

This year's survey of advisers shows why some firms are flying high again - and also reveals where some advisers are holding back. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111018&amp;Category=FREE&amp;ArtNo=101809999&amp;Ref=PH>Most common reasons employees leave advisory firms</a>

By Mark Bruno
NEWS INDUSTRY NEWS OCT 23, 2011
Flag pattern says gold is about to flag

Gold prices, down 14% since touching a record last month, are poised for more losses, according to technical analysis by Steel Vine Investments LLC

By Bloomberg
NEWS INDUSTRY NEWS OCT 23, 2011
College bound

Most parents are aware of Section 529 college savings plans and like them. So why do only about 21% actually use them?

By Ashley Tavoularis
NEWS RIAS OCT 23, 2011
The cost of a fatter America

By MFXFeeder