Industry News

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NEWS MUTUAL FUNDS AUG 20, 2014
Fidelity has lowest-cost target date funds, edging out Vanguard

But low fees don't necessarily translate into better performance.

By Trevor Hunnicutt
NEWS LIFE INSURANCE AND ANNUITIES AUG 20, 2014
BlackRock raises equity allocation in target date funds

Changes to LifePath Index come as other providers also have sought to increase equity allocations after retirement.

By Darla Mercado
NEWS RETIREMENT PLANNING AUG 19, 2014
Great-West names leaders for new retirement organization

The firm's rebranding efforts follow combinations with J.P. Morgan Retirement Plan Services' record-keeping business and Putnam Investments' retirement unit.

By Darla Mercado
NEWS FINTECH AUG 19, 2014
External IT puts Junxure on its virtual desktops

Partnership aims at getting business from advisers who want to integrate their systems.

By Liz Skinner
NEWS BROKER DEALERS AUG 19, 2014
NFP scores big with Financial Telesis recruits who forgo signing on with LPL

NFP Advisor Services chief James Poer says firm is adding 53 advisers and roughly $30 million in revenue, mostly from Financial Telesis.

By Mason Braswell
NEWS EQUITIES AUG 19, 2014
Investors jump on the low-volatility bandwagon

For <i>Breakfast with Benjamin:</i> Investors jump on the low-volatility bandwagon. Plus: A market fueled by bad news; B of A's big mortgage settlement' Countrywide exec finally heads to court; and how companies miss the mark with stock options.

By Jeff Benjamin
NEWS LIFE INSURANCE AND ANNUITIES AUG 19, 2014
MassMutual raises retirement game with hiring spree

Insurer aims to boost position among retirement plans with around $15 million in assets.

By Darla Mercado
NEWS WIREHOUSES AUG 19, 2014
Ex-Morgan Stanley broker loses nearly $1M but gains 100K in Finra arb case

Finra arbitration panel finds adviser liable for remaining balance on promissory note, but orders wirehouse to pay for closing his branch.

By Mason Braswell
NEWS PRACTICE MANAGEMENT AUG 19, 2014
Audit deficiencies could lead to higher regulatory costs for B-Ds

Broker-dealers will need to be more selective in finding an auditor who knows the industry.

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING AUG 19, 2014
Signs you have a spoiled 23-year-old on your hands

Successful children of wealthy parents had support -- but within limits, a new book finds.

By Bloomberg
NEWS EQUITIES AUG 19, 2014
Greenback rallies ahead of the Fed minutes

<i>Breakfast with Benjamin:</i> The dollar rallies ahead of Fed news. Plus: Stocks historically love the Fed's Jackson Hole meeting; Argentina's latest gambit; insurance companies create new asset management opportunities; and regretting not buying Google at the IPO.

By Jeff Benjamin
NEWS RETIREMENT PLANNING AUG 19, 2014
Female clients' unique approach to investing

Female clients think about investing differently, with focuses ranging from retirement to impact investing, and it's up to advisers to meet them on common ground. <i><b>More: <a href=&quot;http://www.investmentnews.com/section/specialreport/20140817/WOMEN&quot;>The Women and Investing special report</a></b></i>

By Liz Skinner
NEWS BROKER DEALERS AUG 19, 2014
Larry Roth: Defining the next 10 years for independent broker-dealers

Larry Roth, CEO of Cetera Financial Group, warns against consolidation at the expense of client and adviser relationships.

By Larry Roth
NEWS RIAS AUG 19, 2014
Brokers' own accounts tip off firms to a move

Brokers who make large drawdowns from their investment accounts may be showing their hand before breaking away.

By Mason Braswell
NEWS INDUSTRY NEWS AUG 19, 2014
OppenheimerFunds gambles on first CEO from investment ranks

Appointment of Arthur P. Steinmetz is in some ways an experiment &#8212; perhaps even a risky one.

By Jeff Benjamin
NEWS INDUSTRY NEWS AUG 19, 2014
What is the FPA NexGen Gathering?

It's not filled with vendors, PowerPoint presentations and lots of old white men wearing blue shirts

By Sophia Bera
NEWS RETIREMENT PLANNING AUG 18, 2014
Why are retirees fleeing New York?

More than a fifth of people collecting state and local pensions apparently apparently have moved out -- a third of them to Florida.

By by Greg David, Crain's New York
NEWS EQUITIES AUG 18, 2014
Who's risk averse? Not Millennials

Concern that the future of the federal safety net for seniors is precarious and the ubiquity of 401(k)s are prompting those born from 1979 to 1996 to get an earlier start on saving than prior generations, And they're ending up in stocks.

By Bloomberg
NEWS MUTUAL FUNDS AUG 18, 2014
Is Vanguard hiding behind low-cost structure to evade taxes?

A former lawyer for the firm has filed a lawsuit alleging the company avoided about $1 billion in taxes over 10 years

By Trevor Hunnicutt
NEWS FINTECH AUG 18, 2014
Robo startup will work with advisers exclusively

UpsideAdvisor.com's platform is designed to attract mass affluent interested in low-cost investing, but who may also want access to advisers' investment advice.

By Joyce Hanson