Industry News

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NEWS EQUITIES OCT 22, 2014
The Fed struts its market-timing skills to inject a sense of calm

<i>Breakfast with Benjamin</i>: The Fed tries to inject a sense of calm in the market, Mohamed El-Erian passes on Pimco, all economists get it wrong, a global currency war is unfolding before our eyes, and more.

By Jeff Benjamin
NEWS RETIREMENT PLANNING OCT 22, 2014
The new and improved Social Security statements

Unlike the previous version, the mailed one now highlights full retirement age.

By Mary Beth Franklin
NEWS ALTERNATIVES OCT 21, 2014
New York Life buys IndexIQ to expand liquid alts offering, add hedge fund ETFs

Deal adds $1.5 billion in AUM to N.Y. Life, including $950 million in multi-strategy exchange-traded fund.

By Bloomberg
NEWS EQUITIES OCT 21, 2014
New managed volatility funds aim to protect client portfolios from market swings

Value in managed volatility comes from potentially getting equity-like exposure with similar returns, lower volatility and better downside performance

By Thomas Hoops
NEWS EQUITIES OCT 21, 2014
Regulators quiz money managers about liquidity as market volatility spikes

BlackRock's Laurence Fink just one CEO asked about what's going on in financial markets lately.

By Bloomberg
NEWS OPINION OCT 21, 2014
Do we really need more deliberation on the fiduciary standard, commissioner?

It is time for the commission to get to work and craft a rule to make this policy a reality.

By Barbara Roper
NEWS PRACTICE MANAGEMENT OCT 21, 2014
Terminated $2.5 billion Merrill Lynch team plans to fight back

An elite private banking duo plans to take legal action accusing the wirehouse of wrongful termination last month, their attorney says.

By Mason Braswell
NEWS RETIREMENT PLANNING OCT 21, 2014
Why financial advisers still hate reverse mortgages

While a lifesaver for some clients, they remain a high-fee trap for many.

By Bloomberg
NEWS EQUITIES OCT 21, 2014
The secret Goldman Sachs tapes

How one brave federal regulator got the goods on the New York Fed's hands-off policy toward Goldman.

By Michael Lewis
NEWS EQUITIES OCT 20, 2014
Vanguard's John Bogle beats the low-fee drum, takes a fresh swipe at active management

On Thursday's <i>Breakfast with Benjamin</i> menu: John Bogle says retirement plans will suffer under active management fees. Plus: Cheap oil's fallout hits gold prices, media hype overstates the Fed's taper tap-out, and more.

By Jeff Benjamin
NEWS RIAS OCT 20, 2014
TD Ameritrade's Veo dashboard gets boost from big data

Firm looks to capitalize on adviser growth with tech upgrades, but no new robo-adviser in the offing.

By Trevor Hunnicutt
NEWS PRACTICE MANAGEMENT OCT 20, 2014
Morgan hires longtime Merrill broker

Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.

By Mason Braswell
NEWS PRACTICE MANAGEMENT OCT 20, 2014
Merrill snags $500 million team from UBS

Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. <i>See also: <a href=&quot;http://www.investmentnews.com/article/20141020/FREE/141029993/morgan-hires-long-time-merrill-broker&quot; target=&quot;_blank&quot;>Merrill loses longtime broker to Morgan Stanley</a>)</i>

By Mason Braswell
NEWS RETIREMENT PLANNING OCT 20, 2014
For retirees, no relief in sight from low rates

Rates tumble as Federal Reserve's easy money policy keeps going

By InvestmentNews
NEWS FINTECH OCT 20, 2014
Protecting client information is more than just a computer issue

Taking every precaution to guard against today's threats means focusing on both physical and electronic security.

By Sheryl Rowling
NEWS FINTECH OCT 20, 2014
Commonwealth building technology with an eye on the robo-adviser

CEO Wayne Bloom says the firm is considering how a robo offering could help its advisers better connect with clients.

By Bruce Kelly
NEWS LIFE INSURANCE AND ANNUITIES OCT 19, 2014
Former Pimco parent Pacific Life moves accounts to Janus

Pacific Life Insurance Co., the insurer where Pimco was started as a bond unit in 1971, is moving money from Bill Gross's old firm to Janus Capital Group, which the bond legend joined last month.

By Bloomberg
NEWS EQUITIES OCT 19, 2014
How leverage led the market sell-off

Monday's <i>Breakfast with Benjamin:</i> How leverage led the market sell-off. Plus: Riding wild markets all the way to the elections, the tragic economics of Ebola, using all the Roth tools, more scary theories from Robert Shiller.

By Jeff Benjamin
NEWS FINTECH OCT 17, 2014
Merrill Lynch 'goals-based' accounts to reach $200 billion milestone

Merrill Lynch expects its revamped fee-based investments platform to pass $200 billion in assets by next week, notching a milestone in its massive platform overhaul.

By Trevor Hunnicutt
NEWS BROKER DEALERS OCT 17, 2014
Two big developments in retirement planning grab advisers' attention

Social Security and annuities make news, LPL's regulatory headaches continue, and the rest of this week's must-read stories for advisers.

By Andrew Leigh