Industry News

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NEWS EQUITIES SEP 26, 2014
Pimco's funds plunge following Bill Gross exit

Global StocksPlus & Income Fund slips 9.2% to $22.80

By Bloomberg
NEWS ETFS SEP 26, 2014
Bill Gross' terrible, horrible, no good, very bad year

A timeline of the tumultuous 2014 for Gross and Pimco

By Andrew Leigh
NEWS EQUITIES SEP 26, 2014
Market ramps up for typical October wild ride

In today's <i>Breakfast with Benjamin</i>, signs point to a wild month ahead for the markets, Michael Lewis dishes on 'secret' Goldman Sachs tapes, the Alibaba bloom is already off the rose, and more.

By Jeff Benjamin
NEWS EQUITIES SEP 26, 2014
Frustrated Fed calls out consumers for saving too much

<i>Breakfast with Benjamin:</i> The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.

By Jeff Benjamin
NEWS RIAS SEP 26, 2014
Bill Gross disciple takes down the 'Bond King'

This edition of <i>Breakfast with Benjamin</i> covers Bill Gross getting beaten at his own game, the SEC's focus on liquid alt funds, Obama's attack on corporate inversions, and more.

By Jeff Benjamin
NEWS RETIREMENT PLANNING SEP 26, 2014
Wall Street firms lure federal workers, soldiers out of low-cost retirement plan

The marketing pitches are persuasive. But experts say the Thrift Savings Plan fees are so low, it doesn't make sense to move.

By Bloomberg
NEWS RETIREMENT PLANNING SEP 25, 2014
IRS sets retirement plan cost of living adjustments for 2015

Contribution limits climb for 401(k)s but not for IRAs

By Hazel Bradford
NEWS RIAS SEP 25, 2014
Snowden quietly reaches $1B AUM milestone

As firm picks up $400 million UBS team, execs say it is fully capitalized and on its way to around 100 advisers in its partnership.

By Mason Braswell
NEWS RETIREMENT PLANNING SEP 25, 2014
Managed accounts emerging on the 401(k) scene for plan sponsors

More 401(k) participants are turning to managed accounts, but not all plan advisers believe they're a panacea. <b><i>Plus: <a href=&quot;http://www.investmentnews.com/section/specialreport/20140921/RPA2014&quot; target=&quot;_blank&quot;>View our Retirement Plan Adviser special report</a></b></i>

By Darla Mercado
NEWS BROKER DEALERS SEP 25, 2014
LPL wants bigger voice in Washington

The independent broker-dealer is set to open a public affairs office in the nation's capital in response to increased federal regulation.

By Mark Schoeff Jr.
NEWS BROKER DEALERS SEP 25, 2014
Executives of defunct IBD hit with $1.05 million arbitration award

Investors sued individuals after the firm, Allied Beacon Partners, ran out of capital and failed to pay earlier arb award.

By Bruce Kelly
NEWS FINTECH SEP 25, 2014
CloudStock web startup brings young investors and advisers together

New social platform uses gamification to teach Millennials about the stock market.

By Joyce Hanson
NEWS BROKER DEALERS SEP 25, 2014
Former LPL exec Bruton lands

Ex-managing director of LPL Financial is named CEO of Lucia Capital Group, a firm that includes an RIA and broker-dealer and has $2.3 billion of client assets.

By Bruce Kelly
NEWS FINTECH SEP 25, 2014
To master technology, hire the next gen and listen to them

ICYMI, the younger generation has the tech talents you need to make your firm last

By Sheryl Rowling
NEWS RIAS SEP 24, 2014
Karen Barr will build on David Tittsworth's legacy at the Investment Adviser Association

Former general counsel sees room for organization to grow more

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING SEP 24, 2014
FSI offers long-term disability, life insurance to members

Program guarantees members coverage at a group rate FSI has secured as the plan sponsor.

By Mark Schoeff Jr.
NEWS EQUITIES SEP 24, 2014
Don't overlook the housing recovery

<i>Breakfast with Benjamin:</i> Remember housing stocks? You should. Plus: How Pimco stepped in it, academics take on high-frequency trading, the bad math behind climate-change regs, and men are better retirement savers than women.

By Jeff Benjamin
NEWS EQUITIES SEP 24, 2014
Yellen to the markets: Don't say you weren't warned

Midweek <i>Breakfast with Benjamin:</i> Yellen warned us. Plus: SEC probes Pimco ETF over asset pricing, America's 401(k)s are failing investors, and how Obama's attack on corporate inversions flunks basic math.

By Jeff Benjamin
NEWS OPINION SEP 24, 2014
3 major changes taking place in wealth management technology

A three-part transition from technology providers to integrated platform providers is occurring.

By Nathan Berk
NEWS BROKER DEALERS SEP 24, 2014
Penny stock bust includes ex-husband of 'Sopranos' star

One of those arrested, Abraxas 'A.J.&#8221; Discala, was married to Jamie-Lynn Sigler

By Bruce Kelly