Industry News

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NEWS INDUSTRY NEWS MAR 31, 2008
Investors tap retirement savings to make real estate bets

Where some see devastation and loss, others see opportunity.

By Bloomberg
NEWS INDUSTRY NEWS MAR 31, 2008
Paulson Capital ends year in red

However, the Portland-based investment brokerage boasted a gain of 123% in total revenue.

By Bloomberg
NEWS INDUSTRY NEWS MAR 31, 2008
Index goes for gold

Dow Jones Indexes of New York continues to add components to its 2008 Summer Games Index, which measures the performance of the official partners, sponsors and suppliers of the 29th Olympic Summer Games in Beijing.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 31, 2008
Insurers can't refuse coverage due to travel

NAIC has revised its rules to keep life insurers from refusing coverage based on customers’ future travel.

By Bloomberg
NEWS BROKER DEALERS MAR 31, 2008
National Planning Holdings unveils surprising pay plan

Last year, National Planning Corp. and its sister broker-dealers shocked the independent-contractor broker-dealer industry with its lucrative recruiting packages to independent representatives.

By Bloomberg
NEWS INDUSTRY NEWS MAR 31, 2008
Upromise hit with high-level shake-up

In a move that has stunned the Section 529 college savings plan business, James Fadule has left his position as president of industry powerhouse Upromise Investments Inc.

By Bloomberg
NEWS BROKER DEALERS MAR 31, 2008
Advanced Equities gears up to go public

Advanced Equities Financial Corp., a Chicago-based securities firm that has carved a niche of financing companies backed by venture capital firms, is preparing for an initial public offering.

By Bloomberg
NEWS RETIREMENT PLANNING MAR 31, 2008
Risk management is key to distribution planning

Financial advisers and clients can be their own worst enemies when drafting plans for retirement income, making common — but crucial — errors that can ruin distribution plans, according to an influential academic.

By Darla Mercado
NEWS RETIREMENT PLANNING MAR 28, 2008
Barclays chooses MetLife as annuity provider

MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.

By Bloomberg
NEWS INDUSTRY NEWS MAR 28, 2008
Plosser to Fed: Tackle inflation or lose trust

Philly Fed president Charles Plosser was one of two voting members of the FOMC to oppose last week's cut in the Fed Funds rate.

By Bloomberg
NEWS INDUSTRY NEWS MAR 28, 2008
U.S. spending flatlined in February

U.S. consumption edged up by a scant $12 billion, a gain of only 0.1%.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 28, 2008
Insurer sues ex-chief executive

AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,

By Bloomberg
NEWS INDUSTRY NEWS MAR 28, 2008
Confidence index may point to recession

March's reading of the Reuters/University of Michigan Index of Consumer Sentiment was the worst since 1992.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 27, 2008
New York Life Insurance

The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.

By Bloomberg
NEWS INDUSTRY NEWS MAR 27, 2008
Gross national product unrevised

The U.S. economy grew at 0.6% annual rate in the first quarter, marking the slowest quarter since 2002.

By Bloomberg
NEWS ALTERNATIVES MAR 27, 2008
Man Group sees robust results for '07

The London hedge fund manager projects net management fee income to grow 15% from the year-ago period.

By Bloomberg
NEWS RETIREMENT PLANNING MAR 26, 2008
Clients want advisers, not stock pickers

Most advisers are clueless about important tax rules that impact individual retirement accounts, CPA Ed Slott said.

By Bloomberg
NEWS INDUSTRY NEWS MAR 26, 2008
Bleak economy stats drive markets down

Orders for durable goods were down 1.7% last month, after a 5.1% drop in January, according to the Department of Commerce.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES MAR 25, 2008
Pershing makes annuities available to B-Ds

Annuities are from Principal Financial Group, Symetra Life Insurance and firms affiliated with MetLife Investors.

By Bloomberg
NEWS INDUSTRY NEWS MAR 25, 2008
Home prices dive 10.7% in January

Residential real estate prices fell precipitously in most metro areas, according to the S&P/Case-Shiller Home Price Index.

By Bloomberg