Industry News

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Changes in tax law could take big bite out of Steve Jobs' estate
NEWS RETIREMENT PLANNING FEB 13, 2012
Changes in tax law could take big bite out of Steve Jobs' estate

Now the best time for heirs to sell Apple, Disney stakes; no reason 'not to sell all of it'

By John Goff
MF Global brokerage clients in limbo
NEWS INDUSTRY NEWS FEB 13, 2012
MF Global brokerage clients in limbo

Customers can't get access to accounts -- or even information; ripples may spread to money-market funds

By John Goff
NEWS RETIREMENT PLANNING FEB 13, 2012
Fee decline in target date funds likely to persist

Target date fund fees have been declining year by year and basis point by basis point, and more cuts seem likely

By Robert Steyer
NEWS INDUSTRY NEWS FEB 12, 2012
U.C. students propose a 20-year tuition plan

By MFXFeeder
NEWS INDUSTRY NEWS FEB 12, 2012
Public colleges may be the ticket, advisers tell clients

With tuition and fees at marquee private colleges now approaching a king's ransom, some advisers are telling clients to consider sending their kids to less prestigious -- but more affordable -- public universities.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES FEB 12, 2012
White's "hot' pitch

By Bloomberg
Wealthy clients on FaceBook deal: Z-z-z-z-z ...
NEWS RETIREMENT PLANNING FEB 12, 2012
Wealthy clients on FaceBook deal: Z-z-z-z-z ...

Many passing up what's seen as risky, over-hyped bet; don't want to be 'the last money in'

By John Goff
NEWS PRACTICE MANAGEMENT FEB 10, 2012
Whitman stepping down as portfolio manager at Third Avenue

Legendary value investor Marty Whitman is stepping down as co-portfolio manger of Third Avenue Management's $3.3-billion flagship fund. Ian Lapey, who is currently co-portfolio manager of the Third Avenue Value Fund with Mr. Whitman, has been promoted to sole portfolio manager, effective March 1.

By Paul Menchaca
Investing legend from the 90s backs Santorum
NEWS INDUSTRY NEWS FEB 10, 2012
Investing legend from the 90s backs Santorum

Rick Santorum's campaign for the Republican nomination for president is getting a big boost from the support of a legendary stock picker from the 80s and 90s.

By Bloomberg
Bill Gross: Life-and-death proposition
NEWS INDUSTRY NEWS FEB 10, 2012
Bill Gross: Life-and-death proposition

Pimco chief ​explains how most short to intermediate Treasury yields are 'dangerously close to the zero bound,' which implies limited potential room, if any, for price appreciation.

By Bloomberg
NEWS INDUSTRY NEWS FEB 10, 2012
4% withdrawal rule called into question

For nearly two decades, financial advisers have operated under the assumption that retired clients can withdraw a maximum of 4% of their nest egg each year. Now, the thinking is changing. <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20120112&amp;Category=FREE&amp;ArtNo=112009999&amp;Ref=PH>10 worst states for retirement &amp;raquo</a>

By Darla Mercado
Is swimming phenom smart to turn down pool of cash?
NEWS RETIREMENT PLANNING FEB 10, 2012
Is swimming phenom smart to turn down pool of cash?

World aghast that Missy Franklin clings to amateur standing, but sports agent says the move could pay off in the long run

By Lavonne Kuykendall
How to put clients' retirement dreams back together again
NEWS RETIREMENT PLANNING FEB 09, 2012
How to put clients' retirement dreams back together again

Three advisers offer advice about rebuilding shattered nest eggs -- and hopes

By John Goff
Roubini: Different year, same problems
NEWS INDUSTRY NEWS FEB 09, 2012
Roubini: Different year, same problems

All asset classes still subject to uncertainties that plagued 2011, says Dr. Doom

By John Goff
Santorum's tax plan would add $1.3T to deficit, study finds
NEWS RIAS FEB 09, 2012
Santorum's tax plan would add $1.3T to deficit, study finds

Plenty of cuts 'but doesn't get rid of anything to help pay for that,' says Tax Policy Center

By John Goff
Insurer-owned indie B-Ds going the way of VHS?
NEWS LIFE INSURANCE AND ANNUITIES FEB 09, 2012
Insurer-owned indie B-Ds going the way of VHS?

Once the dominant player in the industry, carriers seeing reps exit; consolidation puts squeeze on

By Bruce Kelly
Large-caps will shatter earnings record in 2012: ING big
NEWS INDUSTRY NEWS FEB 09, 2012
Large-caps will shatter earnings record in 2012: ING big

Earnings per share of S&amp;P 500 to reach eyepopping $115, says Cote: 'investor sentiment a contra-indicator'

By Jeff Benjamin
NEWS RIAS FEB 09, 2012
Sluggish start, but recruiting moves heating up to close 2011

While some aspects of recruiting activity in the brokerage industry appears to have slowed a bit in 2011, things have started to heat up as of late -- with a number of large teams recently changing place, according to data tracked by <i>InvestmentNews.</i>

By Mark Bruno
NEWS BROKER DEALERS FEB 08, 2012
Chart of the day: LPL down nearly 10% on earnings miss

LPL posted a profit for the fourth quarter, but missed its earnings estimates causing the stock to drop nearly 10% today.

By Mark Bruno
Tomczyk: Long-term rates won't stay low for long
NEWS RIAS FEB 08, 2012
Tomczyk: Long-term rates won't stay low for long

TD's CEO sees those rates rising this year; short-term interest rates likely to stay low

By Bloomberg