Industry News

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NEWS BROKER DEALERS OCT 25, 2013
Insurer to sell its broker-dealer to John Hancock

Symetra Investment Services, with about 280 registered reps, not a fit with parent.

By Bruce Kelly
NEWS RETIREMENT PLANNING OCT 24, 2013
Social Security benefits to increase 1.5%

Monthly Social Security benefits will increase Jan. 1, thanks to a cost-of-living adjustment.

By Mary Beth Franklin
NEWS WIREHOUSES OCT 24, 2013
UBS adds four-member team from Merrill that managed $3.1 billion

L.A.-based group is latest in wave of high-value advisers switching firms.

By Trevor Hunnicutt
NEWS INDUSTRY NEWS OCT 24, 2013
Seinfeld star's financial adviser sued by regulators

Don't get caught like a deer in headlights like the clients of this Beverly Hills, Calif.-based wealth manager

By Bruce Kelly
NEWS INDUSTRY NEWS OCT 24, 2013
Inflated U.S. yields underprice default risk, Allianz CEO says

Treasury yields that rose a percentage point this year still fail to reflect the risk that the government of world's largest economy may default, said Michael Diekmann, the chief executive officer of Allianz SE.

By Matt Ackermann
NEWS RETIREMENT PLANNING OCT 24, 2013
Shutdown delays announcement of Social Security cost-of-living allowance

Labor Department says CPI report will not be released this week

By Mary Beth Franklin
NEWS INDUSTRY NEWS OCT 24, 2013
10 stealth economic trends that rule the world

A look into the subtle forces reshaping the world's economies, and other must reads from wealth manager and CNBC commentator Josh Brown

By Joshua Brown
NEWS RETIREMENT PLANNING OCT 24, 2013
Your retirement plan is now following you on Twitter

What employees miss by not connecting with plans on social media

By Megan Durisin
NEWS INDUSTRY NEWS OCT 24, 2013
Gross' flagship fund endures hefty September redemptions

Pimco Total Return Fund, the world's biggest mutual fund, had its fifth straight month of withdrawals as investors continued to flee bonds.

By Matt Ackermann
NEWS INDUSTRY NEWS OCT 24, 2013
Double your pleasure, double your fun

By By Nicholas Colas
NEWS EQUITIES OCT 24, 2013
Cash is trash? Depends on who you're talking to

Who in their right mind would own cash when it's a guaranteed losing proposition? You might be surprised.

By Gregory Crawford
NEWS EQUITIES OCT 24, 2013
No big bang for ING IPO

Stock trades higher after company cuts offering price; annuities biz viewed as financial drag

By Darla Mercado
NEWS EQUITIES OCT 24, 2013
ING U.S. sets stock offering price at $21-$24 a share

Company to change name to Voya Financial upon IPO, focus on retirement, investment, insurance.

By Darla Mercado
NEWS RIAS OCT 23, 2013
Advisory expansion at Schwab helps 3Q profits climb

Firm reports double-digit revenue gains in three units; 15% growth overall.

By Trevor Hunnicutt
NEWS RETIREMENT PLANNING OCT 23, 2013
Unraveling mystery Social Security lump-sum payments

Some retirees can receive up to six-months of retroactive benefits.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING OCT 23, 2013
Schwab ETF platform for 401(k)s hits regulatory speed bump

Schwab's ETF platform for 401(k)s, which was expected to debut in the fourth quarter, may need more work before being ready for prime time. Darla Mercado on what happened.

By Darla Mercado
NEWS RIAS OCT 23, 2013
Largest wealth group at UBS in San Diego goes independent

Ajay Gupta and partners managed $540 million at wirehouse; clients include new-age guru Chopra.

By Trevor Hunnicutt
NEWS RIAS OCT 23, 2013
Raymond James offers alts to RIAs

The beefing up of Raymond James' RIA business continues as affiliated RIAs will have access to the firm's alternative investment platform beginning in September.

By DJAMIESON
NEWS RIAS OCT 23, 2013
Rising rates damp Raymond James' quarterly results

Revenue, income, earnings up small, EPS miss expectations.

By DJAMIESON
NEWS RIAS OCT 23, 2013
Fidelity rejiggers institutional business

Revamp aimed at streamlining coverage of RIA, B-D, bank, and retirement-plan clients

By DJAMIESON