Industry News

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NEWS INDUSTRY NEWS MAR 09, 2012
Wholesale effort

In a full-on bid to win more business from fee-based firms, Vanguard is doubling the number of sales reps who work with advisers.

By John Goff
Morgan Stanley exec on hate-crime charge: I'm innocent
NEWS WIREHOUSES MAR 09, 2012
Morgan Stanley exec on hate-crime charge: I'm innocent

Jennings pleads not guilty to allegedly stabbing cabbie after disupte over fare

By John Goff
NEWS EMERGING MARKETS MAR 09, 2012
Greece moves toward second bailout as default spooks Europe

European governments moved toward a second rescue of Greece, calculating that the 130 billion-euro ($172 billion) cost of a fresh bailout is a price worth paying to prevent a default that could shatter the euro area.

By Bloomberg
RJ dangles indie lure for Morgan Keegan reps
NEWS INDUSTRY NEWS MAR 09, 2012
RJ dangles indie lure for Morgan Keegan reps

Offer 'clearly compelling,' says headhunter; CEO Reilly expects to retain 90% of MK's advisers

By Bloomberg
NEWS BROKER DEALERS MAR 09, 2012
Keegan producers may find retention deals disappointing

By Bloomberg
RayJay rolls out the red carpet
NEWS INDUSTRY NEWS MAR 09, 2012
RayJay rolls out the red carpet

Morgan Keegan branch managers psyched to be a part of Raymond James, but what about consolidation?

By Andrew Osterland
NEWS INDUSTRY NEWS MAR 09, 2012
RJ buy may be tough sell to Keegan reps

By Andrew Osterland
In reversal, Fidelity says new Magellan manager to leave other fund
NEWS INDUSTRY NEWS MAR 09, 2012
In reversal, Fidelity says new Magellan manager to leave other fund

Shuffle in Boston continues as Feingold exits top-performing Trend Fund

By Bloomberg
Soros says Europe's debt woes 'more serious' than 2008 crisis
NEWS FIXED INCOME MAR 09, 2012
Soros says Europe's debt woes 'more serious' than 2008 crisis

World faces the prospect of a 'vicious circle' of deflation: Soros

By Doug Cubberley
NEWS INDUSTRY NEWS MAR 08, 2012
An iDeal time

Apple unveiled its latest iPad on Thursday, mostly to rave reviews. That's good news for advisers looking to buy. Why? The existing model is likely to get a lot cheaper.

By John Goff
NEWS INDUSTRY NEWS MAR 08, 2012
'Foolish Washington gridlock' could dampen equity markets

Stocks are more favorable than bonds and cash for now, but another round of gridlock on Capitol Hill could cause that assessment to change.

By Bloomberg
NEWS BROKER DEALERS MAR 08, 2012
LPL is gunning for hotshot reps

By Bruce Kelly
Guggenheim said to weigh bid for Deutsche Bank's fund biz
NEWS INDUSTRY NEWS MAR 08, 2012
Guggenheim said to weigh bid for Deutsche Bank's fund biz

Guggenheim Partners LLC is among the companies preparing to bid for Deutsche Bank AG's asset-management divisions.

By Doug Cubberley
NEWS INDUSTRY NEWS MAR 08, 2012
Shorting long-term care

Although most adults agree that the recession has necessitated new long-term financial plans, they continue to ignore long-term-care insurance.

By Ashley Tavoularis
Guggenheim scoops up insurer to build fixed indexed annuities
NEWS LIFE INSURANCE AND ANNUITIES MAR 08, 2012
Guggenheim scoops up insurer to build fixed indexed annuities

Guggenheim Partners LLC is ramping up its presence in the fixed-indexed-annuity realm with the purchase of an insurer

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES MAR 08, 2012
Long-term care: Cutting back coverage

When a 74-year-old client visited Ellen R. Siegel six years ago with news of an upcoming 12% rate increase on the premium of her long-term-care insurance, the adviser knew she had to navigate the potential benefit cuts with the precision of a surgeon.

By Darla Mercado
NEWS INDUSTRY NEWS MAR 07, 2012
Where GLD's $70B in gold is hidden

By Mark Bruno
NY to issue tougher regs on death benefits: Source
NEWS LIFE INSURANCE AND ANNUITIES MAR 07, 2012
NY to issue tougher regs on death benefits: Source

Will make lump-sum payment the default option; policyholders must opt in for retained-asset accounts

By John Goff
B-D group: SIPC right, SEC wrong in Stanford clash
NEWS REGULATION AND LEGISLATION MAR 07, 2012
B-D group: SIPC right, SEC wrong in Stanford clash

NAIBD calls commission's insistence that agency cover Stanford losses 'a misfit solution'

By Dan Jamieson
Advisers who went indie say the move has paid off: Fidelity
NEWS RIAS MAR 07, 2012
Advisers who went indie say the move has paid off: Fidelity

In a survey of 173 advisers who went independent in the past five years, 76% said they are better off financially because of the move.

By Bloomberg