Industry News

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NEWS INDUSTRY NEWS MAY 03, 2013
Manager plots strategy for the onset of inflation

Years of quantitative easing will have an effect; many prices already rising.

By Jeff Benjamin
NEWS WIREHOUSES MAY 03, 2013
Merrill Lynch bright spot in BofA earnings

Parent earnings miss estimates and stock takes a hit

By AOSTERLAND
NEWS RIAS MAY 03, 2013
Richest Olympic cheater of all time? Lance laps the field

Armstrong raked in an estimated $218M from cycling, endorsements; 'like an atomic bomb'

By John Goff
NEWS INDUSTRY NEWS MAY 02, 2013
Oil pushing to $100?

Prices are at a one month high, with CNBC's Sharon Epperson and Helima Croft of Barclays

By cmollison
NEWS RETIREMENT PLANNING MAY 02, 2013
Advisers affronted by "Frontline" piece

Reaction to documentary split along party lines -- rep or fiduciary.

By Darla Mercado
NEWS RETIREMENT PLANNING MAY 02, 2013
SEC halts trading in embattled LTCI seller

Penn Treaty's last financial statement filed in 2008; policyholders in limbo

By Darla Mercado
NEWS INDUSTRY NEWS MAY 02, 2013
Brokers slammed in PBS documentary

A new Frontline documentary savages reps — and the actively managed funds they hawk — for purportedly putting retirement savers at risk.

By JKEPHART
NEWS INDUSTRY NEWS MAY 02, 2013
Gundlach, who often gets it right, has a grim outlook

Jeffrey Gundlach is known as one of the best bond fund managers on the planet, but he also has a remarkable knack for predicting where markets are headed. His latest:he sees the world going to hell in a handbasket.

By JKEPHART
NEWS LIFE INSURANCE AND ANNUITIES MAY 02, 2013
Acquisition puts Envestnet at top of TAMP list

By Darla Mercado
NEWS RETIREMENT PLANNING MAY 02, 2013
ING on a voyage to change its name, not its color

Insurer close to being spun off in an initial public offering; business to remain the same.

By Darla Mercado
NEWS RIAS MAY 02, 2013
Envestnet nabs Prudential Financial's wealth unit for $30 million

Deal makes Chicago firm tops among turnkey asset management shops.

By Darla Mercado
NEWS INDUSTRY NEWS MAY 02, 2013
Is Jeffrey Gundlach a leading indicator?

DoubleLine CEO Jeffrey Gundlach may be the best market prognosticator in decades, writes Jason Kephart.

By JKEPHART
NEWS RIAS MAY 02, 2013
Revenue split the same for advisers and reps: Survey

New research shows that investment advisers are just as dependent on commissions as wirehouse reps are. Why is this?

By Mark Schoeff Jr.
NEWS RIAS MAY 02, 2013
SEC seeks to nip new Madoffs in bud

Investor alert raises red flag about custody of assets

By Mark Schoeff Jr.
NEWS RIAS MAY 02, 2013
Dynasty seals deal with Octagon, a top sports management firm

Company provides financial planning, investment advice and lifestyle services, including bill payment, to athletes and entertainers

By AOSTERLAND
NEWS WIREHOUSES MAY 02, 2013
UBS advisers break $1M revenue mark

The average revenue per adviser was a record $1,001,000

By Bruce Kelly
NEWS WIREHOUSES MAY 02, 2013
Wealth management Americas lone bright spot for UBS in 4Q

UBS' wealth management unit in the Americas turned in a stellar performance in the fourth quarter. The same cannot be said for the rest of the bank's operations.

By John Goff
NEWS RIAS MAY 02, 2013
National firms driving RIA deals

National firms were on the prowl for RIAs last year. While fewer deals closed, the level of assets changing hands rose sharply.

By AOSTERLAND
NEWS FINTECH MAY 02, 2013
Pardon the disruption: Online advice a growing threat

Some advisers aren't worried about Web-based services. They should be.

By AOSTERLAND
NEWS RETIREMENT PLANNING MAY 01, 2013
Profits take the day as fewer employers match kick-ins to 401(k)s

Drop-off in companies making contributions to retirement plans; trend not 'abating anytime soon'

By Liz Skinner