Industry News

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Forces beyond his control hound Obama
NEWS INDUSTRY NEWS JUN 06, 2012
Forces beyond his control hound Obama

Europe's debt crisis, 8% unemployment and a decisive GOP recall victory in Wisconsin paint a bleak picture for President Obama's re-election bid.

By Mark Schoeff Jr.
Finra as SRO regulator a 'foregone conclusion,' says industry watcher
NEWS RIAS JUN 06, 2012
Finra as SRO regulator a 'foregone conclusion,' says industry watcher

Hamburger thinks other options — the SEC, a new regulator — not viable; 'bad blood'

By DJAMIESON
NEWS INDUSTRY NEWS JUN 06, 2012
Mind the gap

New data shows that the difference in pay at wirehouses and independent firms has narrowed dramatically in recent years. This should be big news for advisers contemplating going indie.

By John Goff
NEWS RETIREMENT PLANNING JUN 06, 2012
Planning ahead for digital remains

By Liz Skinner
NEWS INDUSTRY NEWS JUN 06, 2012
Penson clearing out of U.S. clearing industry

By Bruce Kelly
NEWS RIAS JUN 06, 2012
Why your financial performance matters now more than ever

By Mark Bruno
NEWS RETIREMENT PLANNING JUN 06, 2012
Annuities fell in 1Q; indexed up

By Darla Mercado
NEWS RETIREMENT PLANNING JUN 06, 2012
MetLife trims VA offerings

By Darla Mercado
As 5/29 approaches, Americans clueless about 529s
NEWS INDUSTRY NEWS JUN 06, 2012
As 5/29 approaches, Americans clueless about 529s

Survey reveals disturbing lack of knowledge about college savings plan; 529 Day a bid to change that

By Liz Skinner
Largest 529 sponsor drops fees — and changes investment manager
NEWS INDUSTRY NEWS JUN 06, 2012
Largest 529 sponsor drops fees — and changes investment manager

N.Y. replaces Columbia Management with J.P. Morgan Asset Management for adviser-sold plan; Vanguard cuts charges

By Liz Skinner
Pershing gets on the omnibus, puts 529 plan on its platform
NEWS INDUSTRY NEWS JUN 06, 2012
Pershing gets on the omnibus, puts 529 plan on its platform

Advisers will be able to open college savings accounts for clients; single accounting for all investments seen as a plus

By Liz Skinner
Greece's reckoning could be 'day or weeks' off: OppenheimerFunds' CIO
NEWS FIXED INCOME JUN 06, 2012
Greece's reckoning could be 'day or weeks' off: OppenheimerFunds' CIO

The worst of the European financial crisis could soon be over, said Art Steinmetz, cio at OppenheimerFunds Inc. But that could mean that things will have to get worse before they can get better.

By Bloomberg
NEWS RETIREMENT PLANNING JUN 05, 2012
DOL green lights exclusive hedge fund's retirement plan

The switch to Roth IRAs could yield an extraordinary payoff for workers at quantitative-trading specialist Renaissance, while the U.S. Treasury loses.

By Bloomberg
Longtime MSSB exec exiting
NEWS RIAS JUN 05, 2012
Longtime MSSB exec exiting

Hatch joined Smith Barney in 1992; big promotion a year ago

By AOSTERLAND
Advisers back Romney, believe Obama's in front
NEWS RIAS JUN 05, 2012
Advisers back Romney, believe Obama's in front

A new survey shows the majority of advisers would like to see Mitt Romney elected President. But those same advisers also believe they're in the minority on that score.

By Mark Schoeff Jr.
After Peluso move, FiNet looks to land new head
NEWS BROKER DEALERS JUN 05, 2012
After Peluso move, FiNet looks to land new head

Boss of Wells Fargo indie B-D shifts to affiliated clearing business

By Bruce Kelly
FSI goes with 'devil it knows' in Finra oversight of advisers
NEWS RIAS JUN 05, 2012
FSI goes with 'devil it knows' in Finra oversight of advisers

Backing of B-D regulator as investment adviser regulator hardly a ringing endorsement

By Mark Schoeff Jr.
NEWS BROKER DEALERS JUN 05, 2012
LPL taps new human capital officer

By Paul Menchaca
NEWS RETIREMENT PLANNING JUN 05, 2012
Want a smaller tax bite in retirement? It all depends on where you take income from

By Darla Mercado
Star adviser parts ways with DeWaay, joins LPL
NEWS BROKER DEALERS JUN 05, 2012
Star adviser parts ways with DeWaay, joins LPL

It's another big win for LPL, as star adviser Erin Botsford leaves DeWaay Financial and hooks up with the big indie B-D

By Bruce Kelly