Industry News

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NEWS INDUSTRY NEWS SEP 28, 2011
Making college possible pays off down the road

Financial advisers who go beyond what is typical in terms of helping with college planning are finding that clients reward them later with assets

By Liz Skinner
Miller's crossing puts Peters under the gun
NEWS INDUSTRY NEWS SEP 27, 2011
Miller's crossing puts Peters under the gun

Transition of management at Legg Mason's flagship fund may worry some investors; 'you can't come in and be someone else'

By Jeff Benjamin
NEWS INDUSTRY NEWS SEP 27, 2011
Yield ahead as dividend-paying companies on the rise

In season of giving, Franklin's Perks says cash-rich businesses are giving back to shareholders

By Bloomberg
RJ ramping up its custody business
NEWS INDUSTRY NEWS SEP 27, 2011
RJ ramping up its custody business

Investment adviser division aims to triple current assets under administration; targeting RIAs with $100M-plus in assets

By Dan Jamieson
NEWS INDUSTRY NEWS SEP 27, 2011
INsider: P-E firms may be Morgan Keegan's last, best hope for deal

Souring market conditions may leave rival brokerages out of the running in sale of Regions' unit

By Bloomberg
Ponzi artist who helped trigger GunnAllen demise gets serious prison time
NEWS INDUSTRY NEWS SEP 27, 2011
Ponzi artist who helped trigger GunnAllen demise gets serious prison time

Ed May sentenced to 16 years; scheme lasted 10, cost investors nearly $50M

By Bloomberg
S&P 500 'probably going lower,' say chart watchers
NEWS INDUSTRY NEWS SEP 27, 2011
S&P 500 'probably going lower,' say chart watchers

Large-cap index broke through crucial 1,120 support level Monday; next floor down, 1,010

By Bloomberg
Vanguard goes all-indexed on target-risk funds
NEWS INDUSTRY NEWS SEP 27, 2011
Vanguard goes all-indexed on target-risk funds

Fund firm aims for consistency in peddling life cycle funds; passive management means lower costs

By Darla Mercado
Ameriprise workers sue over company's own 401(k) funds
NEWS RETIREMENT PLANNING SEP 27, 2011
Ameriprise workers sue over company's own 401(k) funds

Claim employer put retirement assets in proprietary funds that incurred $20M in excess costs

By Darla Mercado
American flags as standard-bearer fund sees substantial outflows
NEWS INDUSTRY NEWS SEP 27, 2011
American flags as standard-bearer fund sees substantial outflows

Redemptions at American Funds is on the rise -- for the fourth straight year. And in August, its standard-bearer Growth Fund of America finally lost its place as the largest mutual fund in the U.S. To stem the tide, the fund firm is actively reaching out to advisers. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&amp;Dato=20110927&amp;Kategori=FREE&amp;Lopenr=927009999&amp;Ref=PH>The fund firms advisers are most loyal to</a>

By John Goff
NEWS FINTECH SEP 27, 2011
How advisers can really make tech pay off

Financial advisers often equate technology with progress. And while it can be one of the major keys to unlocking profitability, it also can be responsible for strangling and stifling your firm.

By Davis Janowski
NEWS INDUSTRY NEWS SEP 27, 2011
Roubini: Without stimulus, another Great Depression

The slowdown in the world economy has accelerated the timing and likelihood of a new global financial crisis, gloom-and-doom economist Nouriel Roubini said last week

By Bloomberg
MetLife leads VA sales as top firms gain share
NEWS LIFE INSURANCE AND ANNUITIES SEP 27, 2011
MetLife leads VA sales as top firms gain share

MetLife Inc., the largest U.S. life insurer, regained the top spot in variable-annuity sales in the first half of the year, leading a group of five firms expanding their dominance in the industry.

By Doug Cubberley
Warren Buffett to buy $5B of Bank of America
NEWS INDUSTRY NEWS SEP 26, 2011
Warren Buffett to buy $5B of Bank of America

Bank of America Corp., the biggest U.S. bank - and the financial stock hit harder than any other this year - said Warren Buffett's Berkshire Hathaway Inc. will invest $5 billion in the company. The news had shares of BofA up 20% in early morning trading.

By Mark Bruno
Bernanke signaling no quantitative easing supported by data
NEWS FIXED INCOME SEP 26, 2011
Bernanke signaling no quantitative easing supported by data

Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.

By Doug Cubberley
NEWS INDUSTRY NEWS SEP 26, 2011
Berkshire Hathaway bingeing on shares of Wells Fargo

Warren E. Buffett's Berkshire Hathaway Inc. has increased its stake in Wells Fargo &amp; Co. (WFC), building equity holdings amid a market decline that the billionaire investor said provided an opportunity for buying stocks &#8220;on sale&#8221;

By Bloomberg
Wealth gap between races now a canyon, Pew finds
NEWS RETIREMENT PLANNING SEP 26, 2011
Wealth gap between races now a canyon, Pew finds

Average net worth of white households at $113K; number closer to $6K for black households

By John Goff
NEWS RIAS SEP 25, 2011
Product aims to mitigate risk for RIAs

The MDE Group Inc., a $1.3 billion institutional wealth management firm, is making an official expansion into the registered investment adviser business with the launch of Risk 3.0 Asset Management

By Jeff Benjamin
RIA deals MIA in second half of 2011
NEWS RIAS SEP 23, 2011
RIA deals MIA in second half of 2011

Market volatility derails tie-ups; 'buyers and sellers backing off'

By Bloomberg
RIA merger mania still on as Cornerstone and Regal hook up
NEWS RIAS SEP 23, 2011
RIA merger mania still on as Cornerstone and Regal hook up

Deal gives smaller firm foot into university employee market

By Bloomberg