Industry News

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NEWS RETIREMENT PLANNING FEB 22, 2012
CEO rips GOP, Dems for fiscal irresponsibility

In a speech delivered to a group of private investors on Feb. 15, Robert Rodriguez, managing partner and CEO of First Pacific Advisors, warned of ongoing market instability if the federal government doesn't make “credible and material fiscal reforms” by the end of 2013.

By Paul Menchaca
NEWS INDUSTRY NEWS FEB 22, 2012
Gold bulls expand as billionaire Paulson says buy

Gold traders are getting more bullish after billionaire hedge-fund manager John Paulson told investors it's time to buy the metal as protection against inflation caused by government spending.

By Bloomberg
Biggest expense for Americans over 50? Not health care
NEWS RETIREMENT PLANNING FEB 22, 2012
Biggest expense for Americans over 50? Not health care

Out-of-pocket costs on drugs and medical insurance are the second-most-costly item for older folks.

By Darla Mercado
INsider: Something Obama and the GOP can finally agree on?
NEWS RETIREMENT PLANNING FEB 22, 2012
INsider: Something Obama and the GOP can finally agree on?

Some politicians who received money from alleged Ponzi-schemer R. Allen Stanford have thus far refused to return the cash, instead making charitable donations.

By Doug Cubberley
NEWS INDUSTRY NEWS FEB 22, 2012
Economist offers somber warning about U.S. recovery

By Bloomberg
Two views: What if Obama wins / What if a Republican wins?
NEWS INDUSTRY NEWS FEB 22, 2012
Two views: What if Obama wins / What if a Republican wins?

A pair of investment managers offer their views

By Bloomberg
Pioneer ready to fight for inflows
NEWS EMERGING MARKETS FEB 21, 2012
Pioneer ready to fight for inflows

Pioneer Investments is bolstering its emerging-markets lineup and adding wholesalers as it fights for inflows

By Jason Kephart
Pensco pulls off 'game changer' of an acquisition
NEWS RIAS FEB 21, 2012
Pensco pulls off 'game changer' of an acquisition

Purchasing IRA business of Lincoln Trust; larger custodians dumping nontraditional investments

By Dan Jamieson
Finally, blue chips back in the pink
NEWS INDUSTRY NEWS FEB 21, 2012
Finally, blue chips back in the pink

In 2011, large cap stocks outperformed small-caps for the first time in a decade; high P/E ratios for minnows

By John Goff
NEWS EQUITIES FEB 21, 2012
How a graffiti artist tagged Facebook for a $200M payday

David Choe's choice of stock over cash for murals was the real art of this deal

By Bloomberg
This year, for sure: Analysts see big rebound for banks
NEWS INDUSTRY NEWS FEB 21, 2012
This year, for sure: Analysts see big rebound for banks

Say dramatic hike in earnings should buoy stock prices; time for clients to buy?

By John Goff
NEWS ALTERNATIVES FEB 21, 2012
Grubb & Ellis considers reverse stock split to avoid delisting

The risk of the Grubb & Ellis brokerage being delisted from the New York Stock Exchange could be alleviated with a reverse stock split to be considered next week.

By Daniel Duggan
NEWS WIREHOUSES FEB 21, 2012
John Thiel: Calming the Merrill Lynch herd

When John Thiel took over as head of U.S. Wealth Management for Bank of America Merrill Lynch in April, the 15,000 or so Merrill Lynch financial advisers breathed a collective sigh of relief.

By Bloomberg
NEWS RIAS FEB 20, 2012
RIA has succession plan of its own for smaller firms

By Lavonne Kuykendall
Paulson: Euro all but kaput
NEWS INDUSTRY NEWS FEB 20, 2012
Paulson: Euro all but kaput

Hedge fund legend says Greek default will cause bigger shock than Lehman demise; currency likely to 'unravel'

By John Goff
NEWS INDUSTRY NEWS FEB 17, 2012
Not standing on protocol

In a relatively rare move, UBS has filed charges against a broker team that hitched up with Wells Fargo Advisers. How serious is UBS? The firm is demanding that the reps' computers be scrubbed.

By John Goff
NEWS RETIREMENT PLANNING FEB 17, 2012
Top 10 states by sales tax burden

By Doug Cubberley
Wealth management a bright spot for UBS in 2011
NEWS RETIREMENT PLANNING FEB 17, 2012
Wealth management a bright spot for UBS in 2011

By Bloomberg
NEWS INDUSTRY NEWS FEB 17, 2012
INsider: What adviser Ben Bernanke is telling you to do

Fed head's message to investors is clear: Take on more risk

By Bloomberg
NEWS REGULATION AND LEGISLATION FEB 17, 2012
Wachovia/Wells to appeal verdict in raiding case

The bad blood between St. Louis crosstown rivals Stifel Nicolaus & Co. Inc. and the former Wachovia Securities LLC continues.

By Dan Jamieson