Industry News

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NEWS BROKER DEALERS JUL 08, 2014
Sterne Agee wants to remove Holbrooks from board

Schedules a shareholder vote, discloses ongoing investigations of former father-son executive team.

By Bruce Kelly
NEWS BROKER DEALERS JUL 08, 2014
Sterne Agee's ousted CEO Holbrook said to face investigation

Probe reportedly looking into misuse of company assets such as airplanes, boats, condos.

By Gregory Crawford
NEWS PRACTICE MANAGEMENT JUL 08, 2014
Ex-Wells broker ordered to repay firm $1.2 million

A Finra arbitration panel denied the broker's claim that Wells Fargo made false promises during recruiting.

By Mason Braswell
NEWS BROKER DEALERS JUL 08, 2014
Schorsch to buy Validus Strategic Capital Partners, a broker-dealer of nontraded REITs and BDCs

REIT czar Nicholas Schorsch is keeping up his acquisition pace, agreeing to buy rival wholesaler Validus Strategic Capital Partners, a B-D of nontraded REITs and BDCs. Bruce Kelly has the story.

By Bruce Kelly
NEWS RETIREMENT PLANNING JUL 08, 2014
SEC hits American Pension Services and its founder with fraud charges

APS, a third-party administrator, allegedly caused investors to lose $22 million

By Darla Mercado
NEWS REGULATION AND LEGISLATION JUL 08, 2014
Morgan Stanley to pay fine over CFTC customer-fund claims

Morgan Stanley will pay $490,000 to settle U.S. Commodity Futures Trading Commission allegations that the company failed to adequately oversee customer funds.

By Matt Ackermann
NEWS RIAS JUL 08, 2014
Steward Partners adds consulting unit

CEO says the consulting business will operate 'conflict-free.'

By Trevor Hunnicutt
NEWS INDUSTRY NEWS JUL 07, 2014
Alan 'Ace' Greenberg, who remade Bear Stearns, dies at 86

Loved and hated on Wall Street, former CEO said 2008 run the firm stemmed from 'groundless rumor.'

By Bloomberg
NEWS RETIREMENT PLANNING JUL 07, 2014
An editor tests the reality of retirement: 24/7 togetherness

More than half of working retirees report taking a break from work when they first retired, as Mary Beth Franklin's husband plans to do.

By Mary Beth Franklin
NEWS ALTERNATIVES JUL 07, 2014
No inflation in energy prices – yet

While there is no inflation in energy prices just yet, consumers could cope with higher energy prices as long as they occur over time and don't hit in the form of a shock. But the tipping point is not too far away.

By Paul Schatz
Doing the math on a retirement annuity
NEWS RETIREMENT PLANNING JUL 07, 2014
Doing the math on a retirement annuity

Spending $125,000 now could earn you $40,000 a year after you're 80.

By Ben Steverman
NEWS RETIREMENT PLANNING JUL 07, 2014
The high taxes on art purchases might surprise you

Here's how to lower that extra, hidden cost: The secret is a like-kind exchange, but using one to save in the art market is a little more complicated than using one in the real estate world.

By Diana Wierbicki
NEWS RIAS JUL 07, 2014
Dollar rides high on hope into earnings season

<i>Breakfast with Benjamin:</i> The dollar is enjoying a big rally right into earnings season. Plus: Goldman moves up its rate hike forecast, putting GDP in perspective, El-Erian reads Yellen's mind, and proven old-school investing techniques.

By Jeff Benjamin
NEWS EQUITIES JUL 07, 2014
Most investors missed the Dow's early fireworks

Today's <i>Breakfast with Braswell</i> covers investors missing out on the Dow's latest rally, another gender bias suit hitting Wall Street, and much more.

By Andrew Leigh
NEWS EQUITIES JUL 07, 2014
Bob Doll's midyear assessment of investments, the market and the economy

Heading into the second half of the year, Nuveen's chief equity strategist reviews his 2014 expectations for the market, economy and investment vehicles.

By Robert C. Doll
NEWS RETIREMENT PLANNING JUL 07, 2014
Undoing a hasty Social Security claiming decision

There are remedies, but your clients may not like them.

By Mary Beth Franklin
NEWS INDUSTRY NEWS JUL 07, 2014
Liquid alts cannibalize hedge funds at wirehouses

Market share of liquid alternative assets rises to 51% as major shift in distribution seen.

By Joyce Hanson
NEWS INDUSTRY NEWS JUL 05, 2014
Essential guide to Social Security

A longtime Social Security Administration employee shares critical guidance on how retirement, disability and survivor programs work.

By Andrew Leigh
Early filers regret Social Security claiming decisions
NEWS RETIREMENT PLANNING JUL 04, 2014
Early filers regret Social Security claiming decisions

Survey shows many retirees wish they had waited to begin taking benefits.

By Mary Beth Franklin
NEWS INDUSTRY NEWS JUL 03, 2014
Barclay's bets on women in senior management to appeal to investors

Jumping on trend, UK bank follows on the heels of Sallie Krawcheck's new fund launched last month.

By Gregory Crawford