Industry News

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NEWS INDUSTRY NEWS OCT 13, 2010
Raymond James' Jeffrey Saut: An upside market breakout or fake out?

Equity markets are churning slightly above their topside “breakout” levels, begging the question, “Is this an upside breakout; or, an upside fake out?”

By Jeffrey D. Saut
NEWS LIFE INSURANCE AND ANNUITIES OCT 13, 2010
Regulator seeks bigger backstop for retained-asset accounts

New Jersey's insurance commissioner is proposing an amendment which would provide unlimited coverage in the case of certain insolvencies

By Darla Mercado
NEWS INDUSTRY NEWS OCT 13, 2010
Best commodity bet? Goldman sees a clear winner

Surprise: it's not gold, meanwhile, bank predicts agricultural sector will come a cropper

By Bloomberg
NEWS RETIREMENT PLANNING OCT 13, 2010
End of Bush tax cuts will clobber rich clients, advisers say

Highest earners will take big hits from hiked tax rate, cap gains charge; 'really scary'

By Bloomberg
NEWS INDUSTRY NEWS OCT 13, 2010
Large-cap profits surging -- but analysts afraid to use the 'B' word

'Buy' recommendations for stocks at the lowest level since 1997; 'don't want to stick their necks out'

By Bloomberg
JPMorgan to revamp money management biz to take on BlackRock, Pimco: Source
NEWS INDUSTRY NEWS OCT 13, 2010
JPMorgan to revamp money management biz to take on BlackRock, Pimco: Source

JPMorgan Chase will revamp its $1.6 trillion asset management unit to compete against the likes of Blackrock and Pimco, a person with direct knowledge of the changes said.

By Bloomberg
NEWS INDUSTRY NEWS OCT 13, 2010
Commodities and stocks surprisingly in sync

Target date fund managers who added commodities to their funds in recent months with the hope of diversifying their portfolios have made a startling discovery: Alternative investments continue to move in lockstep with the overall stock market.

By Darla Mercado
NEWS INDUSTRY NEWS OCT 13, 2010
'Rookie' mistake rocked JPMorgan's commodities unit

Dismissals and defections after losing bet on coal leaves unit down 20% against plan for the first half of 2010; 'don't panic'

By John Goff
NEWS RIAS OCT 12, 2010
U.S. Capital picks up more high-producing UBS reps

U.S. Capital Advisors LLC has picked up a $600 million team from UBS Financial Services Inc. &#8212; the <a href= http://www.investmentnews.com/article/20101017/REG/310179981> second high-producing team the firm has picked up from UBS</a> in the last six weeks.

By Dan Jamieson
NEWS RETIREMENT PLANNING OCT 12, 2010
CPAs continue to add planning to their practices

Certified public accountants have been working on ways to add financial planning to their practices for the past 20 years

By Deborah Nason
Dow closes above 11,000 for first time since May
NEWS INDUSTRY NEWS OCT 12, 2010
Dow closes above 11,000 for first time since May

The Dow Jones industrial average closed above 11,000 for the first time in five months as hopes build that the Federal Reserve will take more action to get the economy going again.

By Jeff Nash
NEWS INDUSTRY NEWS OCT 12, 2010
Widow-and-orphan stocks starting to look mighty appealing

Steady, dividend-paying companies gaining in popularity -- but not with fund managers

By Bloomberg
NEWS RIAS OCT 11, 2010
Live from the FPA conference: Dan Ariely's 'irrational' shoes

Talk about a fashion statement.

By Mark Bruno
NEWS INDUSTRY NEWS OCT 11, 2010
Managed-futures funds shorting U.S. dollar, bullish on precious metals: Equinox's Bornhoft

Shorting the U.S. dollar and going long on certain precious and industrial metals are two ways managed-futures funds are providing non-correlated market exposure, according to Richard Bornhoft, chief investment officer of Equinox Fund Management LLC.

By Jeff Benjamin
NEWS RIAS OCT 11, 2010
Investors rush to cash out stocks ahead of cap-gains hike

Financial advisers say clients are booking gains now at cheaper tax rate; 'better bang for the buck'

By Bloomberg
NEWS INDUSTRY NEWS OCT 11, 2010
Stay on the sidelines, says Metropolitan Capital's Snow

Stop worrying about a double-dip recession &#8212; the current economy is bad enough as it is.

By Jeff Benjamin
NEWS RETIREMENT PLANNING OCT 11, 2010
Advisers plunge into providing health care

Whether it's helping downsized clients, assisting retirees whose benefits are being chiseled away or advising small-business owners on health care options for their companies, a growing number of financial advisers find themselves navigating the murky waters of health care insurance.

By Lisa Shidler
NEWS INDUSTRY NEWS OCT 11, 2010
Clearing firms used by the top independent broker-dealers

By MFXFeeder
NEWS INDUSTRY NEWS OCT 11, 2010
Madoff lite? Petters trial commences this week

Until the Bernard Madoff scandal broke, it was a Minnesota businessman who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall.

By Associated Press
Charles Schwab beats the Street
NEWS RIAS OCT 10, 2010
Charles Schwab beats the Street

Charles Schwab Corp., the largest independent brokerage by client assets, reported third-quarter profit that beat the average analyst estimate as sales from earned interest offset a decline in trading revenue.

By Mark Bruno