Industry News

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NEWS INDUSTRY NEWS OCT 19, 2011
China the wild card when it comes to commodities bets

Price of oil seen rising, with supply of cheap crude already exhausted and demand in the PRC on the rise

By Jeff Benjamin
Thousands of wirehouse reps to be shown the door in next five years
NEWS WIREHOUSES OCT 18, 2011
Thousands of wirehouse reps to be shown the door in next five years

Management keen to boost productivity by thinning ranks; market share of four giants also dwindling

By Andrew Osterland
NEWS RIAS OCT 18, 2011
Raymond James working on no-fee ETF program

Raymond James Financial Inc. aims to have a no-fee ETF program up and running within six months.

By Dan Jamieson
Enter bashing: Finra small-firm candidates tee off on each other
NEWS INDUSTRY NEWS OCT 18, 2011
Enter bashing: Finra small-firm candidates tee off on each other

Gloves off early as Fischer, Sobel engage in a little smackdown; 'rent-a-finop'

By Dan Jamieson
NEWS INDUSTRY NEWS OCT 18, 2011
The dropouts

More advice firms are bailing on the broker-hiring protocol. The big question: Will any of the wirehouses? | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111017&amp;Category=FREE&amp;ArtNo=101709999&amp;Ref=PH>The investment advice jobs that pay the best</a>

By John Goff
NEWS RIAS OCT 18, 2011
Retail business keeping Raymond James in the black: CEO Reilly

Raymond James' retail businesses are still a steadying force during difficult times for its capital markets units.

By Bloomberg
Wall Street getting fed up with Washington's dithering on deficit
NEWS RETIREMENT PLANNING OCT 18, 2011
Wall Street getting fed up with Washington's dithering on deficit

Occupy Wall Street protesters are lashing out against what they see as a financial industry luxuriating in wealth created at the expense of the middle class. Wall Street, however, has its own grievances against Washington, which were on display last week.

By Mark Schoeff Jr.
NEWS RIAS OCT 18, 2011
Why 'mailbox money' is crucial to retirement

Aging baby boomers represent a historic opportunity to boost the sales of income-generating investment products, according to industry leaders who kicked off the Insured Retirement Institute conference in Boston last Monday

By Mark Schoeff Jr.
NEWS LIFE INSURANCE AND ANNUITIES OCT 18, 2011
Reynolds wants lifetime-income products policed

Bob Reynolds, chief executive of Putnam Investments, last week called for the establishment of a regulatory body to approve lifetime-income products

By Darla Mercado
Demonstrations point to growing cynicism among future investors
NEWS RETIREMENT PLANNING OCT 18, 2011
Demonstrations point to growing cynicism among future investors

Protesters in the Occupy Wall Street movement are giving financial advisers something else to worry about: a generation of leery, cynical investors

By Darla Mercado
Dems propose 5% tax on millionaires
NEWS RIAS OCT 18, 2011
Dems propose 5% tax on millionaires

Levy would fund jobs bill; given GOP opposition, 5% rate also likely probability of passage

By John Goff
NEWS RIAS OCT 18, 2011
Major tax overhaul is long overdue

By MFXFeeder
Securities America reps more secure after 'transformational acquisition'
NEWS BROKER DEALERS OCT 18, 2011
Securities America reps more secure after 'transformational acquisition'

Rumors have been swirling for months about who would acquire Securities America, the embattled broker-dealer. On Wednesday, the guessing-game ended, as parent Ameriprise sold the B-D to Ladenburg Thalmann.

By Bloomberg
In selling LTC insurance, shift the focus to the risk for family members
NEWS RETIREMENT PLANNING OCT 18, 2011
In selling LTC insurance, shift the focus to the risk for family members

If you're recommending long-term-care insurance to clients as a way for them to protect assets and to care for themselves when they're old and sick, you're probably doing it incorrectly.

By Darla Mercado
NEWS BROKER DEALERS OCT 18, 2011
Indie broker-dealer says Reg D sales could drive it under

Another independent broker-dealer that sold high-risk private placements is hanging on by a thread, with the firm's management stating grave concerns about the broker-dealer's future

By Bruce Kelly
NEWS RETIREMENT PLANNING OCT 18, 2011
Health care costs claim bigger part of nest egg

Escalating medical expenses and Medicare cutbacks will strain retiree budgets

By Dan Jamieson
NEWS BROKER DEALERS OCT 18, 2011
Another indie B-D says it could go under

Private placements strike again: Another independent broker-dealer that sold high-risk Reg D offerings appears to be struggling. This week, CapWest Securities' management filed a report with the SEC stating grave concerns about the B-D's future.

By Bruce Kelly
NEWS INDUSTRY NEWS OCT 17, 2011
The marquees decide

In the past few months, several of the top names in the advice industry have gotten out of the indie B-D business. What do they know that you don't? |<b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20110923&amp;Category=FREE&amp;ArtNo=923009998&amp;Ref=PH>What the top RIA execs make</a>

By John Goff
NEWS RETIREMENT PLANNING OCT 17, 2011
Last chance to re-characterize

Much has been written about the opportunity to undo, or re-characterize, a Roth IRA conversion if the assets in the account depreciate

By Robert N. Gordon
NEWS RIAS OCT 17, 2011
Bracing for the college tuition storm

By MFXFeeder