Industry News

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NEWS BROKER DEALERS AUG 18, 2014
Indie reps happier at work than employee advisers: J.D. Power

Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. <i><a href="//www.investmentnews.com/gallery/20140630/FREE/630009999/PH&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">See how your firm ranks</a></i>

By Minda Smiley
NEWS RETIREMENT PLANNING AUG 17, 2014
1.5 million workers may not get Social Security benefits after all

Public employees, including some schoolteachers, are affected by offset regulations

By Mary Beth Franklin
NEWS MUTUAL FUNDS AUG 17, 2014
The Fed finds another reason to hold down interest rates

<i>Breakfast with Benjamin:</i> The Fed and chief Janet Yellen get more ammo to hold down rates. Plus: AIG inches back into DC lobby; why some stocks never split; and where the smart money is going

By Jeff Benjamin
NEWS RIAS AUG 15, 2014
BofA settlement comes back to bite homeowners

On today's <i>Breakfast with Benjamin</i> menu: BofA settlement bites homeowners. Plus: Warren Buffett feels compliance pain; a mortgage shop tries financial advice; fewer stocks participating in the bull market run; and stocks that could benefit from the ALS ice-bucket challenge.

By Jeff Benjamin
NEWS EQUITIES AUG 15, 2014
Barclays rains on the equity market parade

<i>Breakfast with Benjamin:</i> Barclays warns on stocks. Plus: Gold finds some safe-haven love; how the Fed is off target; Argentina uses social media to attack creditors; Nasdaq's version of d&eacute;j&agrave; vu; and what people buy when money is no object.

By Jeff Benjamin
NEWS EQUITIES AUG 15, 2014
Fed watchers are spinning over Janet Yellen's mixed messages

<i>Breakfast with Benjamin</i> brings you up to speed on reactions to Janet Yellen's mixed messages on the U.S. job market, gold's surge, and Russian mutual funds' fall.

By Jeff Benjamin
NEWS FIXED INCOME AUG 15, 2014
High-yield sell-off sending out mixed messages to market

Does steep drop in assets signal an entry point or a correction?

By Jeff Benjamin
NEWS RIAS AUG 15, 2014
REITs, RIA regulation, retirement planning and risk grab advisers' attention

<i>InvestmentNews</i>' four must-read stories of the week cover this ecclectic set of 'R' subjects.

By Andrew Leigh
NEWS ETFS AUG 15, 2014
BlackRock says it's making inroads with wirehouses and RIAs

BlackRock, fielding question on rival Vanguard, says it's best suited to educate the market about the power of ETFs.

By Trevor Hunnicutt
NEWS RETIREMENT PLANNING AUG 14, 2014
Never charged, Bernie Madoff's son leaves more than $15M

Andrew Madoff, the son of the convicted Ponzi schemer, lists $11M in personal property and $4.5M in improved real property.

By Bloomberg
NEWS RETIREMENT PLANNING AUG 14, 2014
How Robin Williams' estate plan aimed to protect his family

The comedian apparently used sophisticated estate planning techniques to provide for his children.

By Danielle and Andy Mayoras
NEWS INDUSTRY NEWS AUG 14, 2014
Indianapolis church sues JPMorgan over investment choices

Church alleges the firm steered it into risky, costly and unsuitable investments. It lost $13 million.

By Trevor Hunnicutt
He needed a script: Actor Philip Seymour Hoffman left a legal mess behind
NEWS RETIREMENT PLANNING AUG 14, 2014
He needed a script: Actor Philip Seymour Hoffman left a legal mess behind

In leaving his estate outright to his partner, the Oscar-winning actor left her with a multimillion-dollar tax bill

By Darla Mercado
NEWS RIAS AUG 13, 2014
Scottrade retools custodial platform as it works to bolster its numbers

Custodian hopes to land on growth path with new technology and new hires.

By Joyce Hanson
NEWS RIAS AUG 13, 2014
Wealthfront has 'best shot' to remain leading digital disruptor: Forrester

Report points to low-cost online platform, Millennial market, $1 billion in AUM.

By Joyce Hanson
NEWS RIAS AUG 13, 2014
RCAP to continue clearing with Pershing

B-D says new deal will result in cost savings comparable to what it would have realized had it moved clearing in house.

By Bruce Kelly
NEWS BROKER DEALERS AUG 13, 2014
LPL's chief market strategist resigns

The indie B-D behemoth is facing more turnover at the top, this time among its team of investment management professionals.

By Bruce Kelly
NEWS FINTECH AUG 13, 2014
LPL announces new tech platform

ClientWorks system, including efficiency measures and mobile access, will be tested until release in spring 2015.

By Liz Skinner
NEWS BROKER DEALERS AUG 13, 2014
RCAP, Pershing locked in negotiations over clearing agreement

RCS Capital has plenty of leverage as it negotiates with the clearing giant, but millions of dollars hang in the balance. <b><i>More: <a href=&quot;http://www.investmentnews.com/section/specialreport/20140810/CLEAR&quot;>The latest clearing and custody trends</a></b></i>

By Bruce Kelly
NEWS TAX AUG 13, 2014
Advisers beware: Corporate inversions could mean higher tax bills for your clients

Companies moving abroad to avoid taxes &#8212; corporate inversions &#8212; could trigger capital gains and additional paperwork for clients.

By Darla Mercado