Industry News

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NEWS INDUSTRY NEWS APR 06, 2011
Job cuts, capital ratios jam up State Street

Profits plunge even as assets under custody hit all-time high

By John Goff
NEWS MUTUAL FUNDS APR 05, 2011
American Century nabs ex-Fidelity big as new sales chief

Former Fidelity distribution head Peter Cieszko will join American Century in a new position heading up intermediary and institutional sales in North America

By Jessica Toonkel
NEWS RIAS APR 05, 2011
Public pension crisis has some bracing for worst

Legislative ambiguity about public pension funds, as well as their underfunded status, has financial advisers who work with public employees scrambling to plug holes in their retirement plans

By Darla Mercado
What clients hear when advisers talk: Blah blah blah
NEWS RIAS APR 05, 2011
What clients hear when advisers talk: Blah blah blah

Investors say they want clearer explanations about strategies, losses; close to half do their own planning, survey shows

By Lavonne Kuykendall
NEWS WIREHOUSES APR 05, 2011
Branch managers, time to stop living in the past: Sarch

By Danny Sarch
NEWS INDUSTRY NEWS APR 05, 2011
Higher earnings are creating a dividend bonanza

Record earnings fueled by the highest profit margins since 1993 are giving executives more leeway than ever to boost dividends as the bull market enters its third year

By Bloomberg
BlackRock to take wraps off wraps for retail advisers
NEWS ETFS APR 05, 2011
BlackRock to take wraps off wraps for retail advisers

Asset manager set to launch customized programs for broker-dealers

By Bloomberg
J.P. Morgan picks up a Pimco big – again
NEWS INDUSTRY NEWS APR 04, 2011
J.P. Morgan picks up a Pimco big – again

J.P. Morgan Asset Management has tapped its <a href= http://www.investmentnews.com/article/20110404/FREE/110409984 second Pimco exec</a> this month to help expand distribution.

By Jessica Toonkel
NEWS RIAS APR 04, 2011
CFP Board taps Merrill Lynch exec to run biz development

Aiming to extend its outreach to large financial services firms, the CFP Board has hired Joseph V. Maugeri as its director of business development.

By Darla Mercado
Sallie Krawcheck: Bring on the indies
NEWS RIAS APR 04, 2011
Sallie Krawcheck: Bring on the indies

The BofA-Merrill boss sounds set to take on recruiters, the threat of the rising RIA model, and anyone else who steps in her path

By Mark Bruno
NEWS RIAS APR 04, 2011
BofA slaps 'garden leave' restrictions on advisers

Has Bank of America Corp. upped the ante in the battle between the wirehouses and the independent advisory firms gunning for their top producers?

By Andrew Osterland
NEWS INDUSTRY NEWS APR 04, 2011
Vanguard ousts AllianceBernstein as subadviser of U.S. Growth

Firm hires Delaware Investment and Wellington Management to manage one-third of $3.7B fund, joining William Blair

By Jessica Toonkel
You having a laugh, mate? U.K. proposes $225 a week flat-rate state pension
NEWS RIAS APR 03, 2011
You having a laugh, mate? U.K. proposes $225 a week flat-rate state pension

The U.K. government proposed replacing its current means-tested state pension with a flat-rate payment of about 140 pounds ($225) a week, with the goal of increasing incentives for people to save for their old age.

By Doug Cubberley
NEWS RIAS APR 03, 2011
Some states give a break on the deadline for filing ADVs

Although many federally registered advisers were scrambling last week to meet the March 31 filing date for the new ADV Part 2 forms, state-registered advisers in several states, including Michigan, Pennsylvania and Texas, were enjoying a bit of a reprieve

By Dan Jamieson
NEWS RIAS APR 03, 2011
CFPB should not be undermined

Republican lawmakers should stand down in their efforts to delay and obstruct the shaping of the Consumer Financial Protection Bureau, which if properly implemented will go down in history as the most significant and innovative change to come out of the Dodd-Frank financial reform law

By MFXFeeder
NEWS RIAS APR 03, 2011
Gen X/Y: Advisers just don't understand

Advisers and Generation X and Y investors aren't seeing eye to eye on investment issues

By Anya Khalamayzer
NEWS RIAS APR 01, 2011
Hot topic: Advisers not charging enough: Study

Many fee-based advisers leaving money on the table; cheaper rates do not bring in more clients

By Mark Bruno
Lady or the tiger? Betting on takeovers 'a dangerous game'
NEWS INDUSTRY NEWS MAR 31, 2011
Lady or the tiger? Betting on takeovers 'a dangerous game'

Investors get all hopped up when takeover rumors begin to swirl around a company. But contrary to conventional wisdom, sweetened bids or rival acquirers do not always materialize.

By John Goff
NEWS RIAS MAR 31, 2011
ADV overhaul: Plain English is Greek to some advisers

Many financial advisers are finding out that they aren't as fluent in English as they thought

By Liz Skinner
NEWS RIAS MAR 31, 2011
Profiling? Advisers get more time to work up bios of staff

Advisers have an additional four months to prepare &#8220;plain English&#8221; brochure supplements about their investment personnel thanks to an extension granted by the Securities and Exchange Commission late last month.

By Liz Skinner