Industry News

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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
NEWS RETIREMENT PLANNING OCT 10, 2010
Single-family offices could get a pass on regulation, SEC says

The commission proposes to reverse Dodd-Frank proviso and reinstate the exemption shielding smaller operations from the agency's oversight

By Bloomberg
NEWS INDUSTRY NEWS OCT 10, 2010
Funded sports a hit with kids

As a child, William Sparks spent a lot of time alone at home while his single mother worked two jobs to make ends meet

By Lisa Shidler
NEWS INDUSTRY NEWS OCT 10, 2010
Winners honored in NYC

Adopting a homeless teenager may seem like a huge commitment, but Sean and Leigh Anne Tuohy, the inspiration for the best-selling book and motion picture &#8220;The Blind Side,&#8221; said they get too much credit

By Lisa Shidler
NEWS LIFE INSURANCE AND ANNUITIES OCT 10, 2010
TARP bill likely to be fraction of initial forecast

Bailed-out banks, insurers and automakers are a sore spot for millions hurt by the financial crisis

By Bloomberg
NEWS INDUSTRY NEWS OCT 10, 2010
Those irrational French are a lot like us Americans

It's so much fun to pick on the French

By Evan Cooper
NEWS MUTUAL FUNDS OCT 10, 2010
Gundlach is bouncing back

Jeffrey Gundlach hasn't lost his investment magic &#8212; or his famous ego &#8212; while running DoubleLine Capital LP, the money manager he formed after his highly publicized firing from TCW Group last December

By Randy Diamond
NEWS RETIREMENT PLANNING OCT 10, 2010
Income: The Great political - and possibly, Geographic -- Divide

Without a doubt, the answer to the question &#8220;What makes a person rich&#8221; marks a political divide in this country &#8211; a divide that is widening by the second as the mid-term elections fast approach.

By InvestmentNews