Industry News

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NEWS RETIREMENT PLANNING MAY 19, 2011
B-Ds plead for DOL, SEC to team up on fiduciary rule

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES MAY 19, 2011
Hybrids an alternative to LTC rate increases

Soaring premiums on long-term-care insurance have seniors and advisers up in arms. Some believe new hybrid products may provide better protection and more flexibility.

By Darla Mercado
This state's adviser-sold 529 plan rates highest once again
NEWS RETIREMENT PLANNING MAY 19, 2011
This state's adviser-sold 529 plan rates highest once again

A Colorado college savings plan gets top mark for 2010; rated No.1 for the past five quarters

By Liz Skinner
Stocks teetering on 'tipping point' of a correction: Nouriel Roubini
NEWS INDUSTRY NEWS MAY 18, 2011
Stocks teetering on 'tipping point' of a correction: Nouriel Roubini

Dr. Doom sees global economic growth stalling; corporate results will disappoint, he predicts

By John Goff
No ceiling for large caps, say Biggs, Birinyi and BlackRock's Rendino
NEWS INDUSTRY NEWS MAY 18, 2011
No ceiling for large caps, say Biggs, Birinyi and BlackRock's Rendino

Barton Biggs, Laszlo Birinyi and a host of other investment gurus see no end to the current bull market The reason? Take a look at corporate balance sheets.

By John Goff
Analyst sees S&P 500 at surprise number at end of year
NEWS INDUSTRY NEWS MAY 18, 2011
Analyst sees S&P 500 at surprise number at end of year

Dahlman Rose's Rauscher predicts benchmark index will finish year close to 1,500 mark; weak dollar, corporate profits cited

By John Goff
TD's Bradley: Rule to protect investors could cost them their IRAs
NEWS RETIREMENT PLANNING MAY 18, 2011
TD's Bradley: Rule to protect investors could cost them their IRAs

Unintended consequence of applying fiduciary standard could whack self-directed retirement accounts; DOL went 'a little bit too far'

By Liz Skinner
NEWS INDUSTRY NEWS MAY 18, 2011
What John Paulson is buying now

By John Goff
NEWS RIAS MAY 18, 2011
Portfolio management theory all wrong, claims economist

Focus on optimal portfolios – rather than optimal investment strategies – a big mistake, says Muralidhar; death to CAPM

By Andrew Osterland
NEWS RIAS MAY 18, 2011
New muni bond tool could shock clients

Few investors grasp the damage inflation can do to long-term debt. But a new online tool from BondView might help bring clients' expectations in line with reality.

By Jessica Toonkel
'Dumb money' hosed as investors exit muni funds
NEWS RETIREMENT PLANNING MAY 18, 2011
'Dumb money' hosed as investors exit muni funds

Selling into a depressed market is not the brightest move ever, but that's what many clients are doing by cashing out their muni bond funds. The better play? Stay patient -- and buy individual bonds

By John Goff
NEWS RETIREMENT PLANNING MAY 17, 2011
Clients want to avoid nursing homes — or even talking about it

Survey shows few pre-pensioners have set aside money for LTC or even raise the topic with advisers or loved ones

By Darla Mercado
NEWS INDUSTRY NEWS MAY 17, 2011
End of the line for CapWest

The CEO of besieged B-D CapWest today confirmed that the firm has filed withdrawal papers with Finra. The Colorado-based brokerage is the latest in a series of B-Ds that have gone bust after selling questionable private placements.

By Bloomberg
Why health insurance is now like a box of Wheaties
NEWS RETIREMENT PLANNING MAY 17, 2011
Why health insurance is now like a box of Wheaties

Truth-in-labeling law comes to medical insurance biz; 'plain English'

By John Goff
NEWS INDUSTRY NEWS MAY 17, 2011
Pay-to-play 'death penalty' scaring the life out of advisers

A new federal law aimed at curbing cozy relationships between advisers and government officials is spooking advisory firms. In fact, some firms are telling all their reps – and not just those who work with state and municipal officials – to shun political activity.

By Mark Schoeff Jr.
Advisory firms looking to hire – but are the candidates any good?
NEWS RIAS MAY 17, 2011
Advisory firms looking to hire – but are the candidates any good?

Growing frustration over prospective hires' professionalism, honesty — and comp demands; 'deficient passion for the industry'

By Lavonne Kuykendall
NEWS RETIREMENT PLANNING MAY 17, 2011
Insurers getting plenty of mileage out of LTC hybrids

Combination life and long-term care polices are gaining serious traction in the marketplace. One for-instance: Sales for Lincoln National's MoneyGuard are up 62 percent over the past year.

By John Goff
NEWS LIFE INSURANCE AND ANNUITIES MAY 17, 2011
Notes from NAPFA

By John Goff
Pimco to rely on 'constructive paranoia' to manage its assets
NEWS INDUSTRY NEWS MAY 17, 2011
Pimco to rely on 'constructive paranoia' to manage its assets

El-Erian responding to what he terms U.S. government's 'financial repression'

By John Goff
NEWS INDUSTRY NEWS MAY 17, 2011
Money manager 1Q AUM, profits, inflows strong

Most major publicly traded money managers saw a boost in their assets under management and their profits in the first quarter, driven by a robust equities market as well as positive inflows

By Randy Diamond