Industry News

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NEWS INDUSTRY NEWS JUL 02, 2015
Is lifestyle creep hurting your financial well-being?

Champion savers keep their spending stable even while their incomes rise.

By Bloomberg
NEWS INDUSTRY NEWS JUL 02, 2015
Mutual fund investors face losses as Puerto Rico crisis intensifies

If the island can't pay back all of its debts, then some fund holders could suffer haircuts.

By Trevor Hunnicutt
How to explain alternatives' place in portfolios to your clients
NEWS ALTERNATIVES JUL 02, 2015
How to explain alternatives' place in portfolios to your clients

By viewing alternatives through the lens of the three primary colors, they can be demystified

By Thomas Hoops
Growing consumer demand for health care and Social Security advice
NEWS RETIREMENT PLANNING JUL 02, 2015
Growing consumer demand for health care and Social Security advice

Report shows an opportunity for advisers with this expertise.

By Mary Beth Franklin
IRS shuts lump-sum window for retirees already receiving benefits
NEWS RETIREMENT PLANNING JUL 01, 2015
IRS shuts lump-sum window for retirees already receiving benefits

Defined benefit plan sponsors can no longer replace annuity payments with lump-sum distributions to retirees and their beneficiaries.

By Hazel Bradford
Advisers' big opportunity in the small 401(k) plan space
NEWS RETIREMENT PLANNING JUL 01, 2015
Advisers' big opportunity in the small 401(k) plan space

Small plans desperately need advisers to increase understanding, build an education policy and educate participants.

By Douglas Dubitsky
Same-sex couples inch closer to full Social Security benefits
NEWS RETIREMENT PLANNING JUL 01, 2015
Same-sex couples inch closer to full Social Security benefits

Attorney General Loretta Lynch announced Wednesday that federal marriage benefits soon will be available to same-sex couples nationwide following the Supreme Court ruling in Obergefell v. Hodges on June 26.

By Mary Beth Franklin
How high-tech is your firm?
NEWS FINTECH JUL 01, 2015
How high-tech is your firm?

Where do you fall on the technology-adoption scale — and where do you want to be?

By Sheryl Rowling
NEWS INDUSTRY NEWS JUL 01, 2015
Dude, where's my pot ETF?

The national cannabis market is forecast to reach $10.8 billion in sales by 2019, but there are no ETFs that track pot stocks.

By Bloomberg
Strategies to help advisers craft better, timelier tweets
NEWS FINTECH JUL 01, 2015
Strategies to help advisers craft better, timelier tweets

It takes experience to master the art of generating engagement via Twitter, and it starts with understanding your target audience's preferences and usage patterns.

By Alessandra Malito
What same-sex couples should know about Medicare
NEWS RETIREMENT PLANNING JUL 01, 2015
What same-sex couples should know about Medicare

More gay couples than ever will have access to Medicare benefits, but certain rules apply.

By Katy Votava
Insurance industry wants DOL to telegraph changes to fiduciary
NEWS RETIREMENT PLANNING JUL 01, 2015
Insurance industry wants DOL to telegraph changes to fiduciary

Proposal would require brokers working with IRAs and other retirement accounts to act in their clients' best interests, increasing the number of financial advisers who are deemed fiduciaries.

By Mark Schoeff Jr.
Pimco executives say they've adapted to life after Bill Gross
NEWS FIXED INCOME JUL 01, 2015
Pimco executives say they've adapted to life after Bill Gross

Douglas Hodge and Daniel Ivascyn highlight Pimco's new areas of focus while speaking at the Morningstar Investment Conference.

By Jeff Benjamin
Perez calls out variable annuities in argument for DOL fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES JUL 01, 2015
Perez calls out variable annuities in argument for DOL fiduciary rule

Using an anecdote critical of VAs, Thomas Perez says most people are better served by simple investments.

By Mark Schoeff Jr.
NEWS RIAS JUL 01, 2015
Focus invests in its first Canadian advisory firm

Partnering with Montreal-based Dorchester Wealth Management.

By Srividya Kalyanaraman
NEWS PRACTICE MANAGEMENT JUN 30, 2015
Top bond manager overseeing billions at J.P. Morgan takes leave

Douglas S. Swanson will step aside, starting Oct. 1.

By Trevor Hunnicutt
NEWS PRACTICE MANAGEMENT JUN 30, 2015
J.P. Morgan loses advisers with a combined $7 billion in client assets

Wells Fargo Advisors picks up a Florida adviser with nearly $2 billion and UBS snags a four-person team in New York.

By Laura Sanicola
NEWS INDUSTRY NEWS JUN 30, 2015
Bill Gross irresistible to new partner Kapstream Capital's Palghat

A month after checking on his old Pimco colleague last September, the bond manager got an offer he couldn't refuse.

By Bloomberg
NEWS RETIREMENT PLANNING JUN 30, 2015
Young job changers must avoid making this huge mistake

Cashing out your 401(k) is a bad idea at any age, but it can really hinder millennials and Gen X-ers from achieving their retirement goals.

By Bloomberg
SEC exams target advisers' retirement-saving guidance
NEWS RETIREMENT PLANNING JUN 30, 2015
SEC exams target advisers' retirement-saving guidance

Exams add scrutiny to an industry debating proposals that brokers act in client's best interests.

By Trevor Hunnicutt