Industry News

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NEWS INDUSTRY NEWS SEP 22, 2010
Economist who called recession's end sees durable recovery

Lam sees little chance of economic relapse; 'prolonged period of mild growth'

By Bloomberg
NEWS RIAS SEP 22, 2010
Blog: Confidentiality when interviewing -- don't blow your deal

By Mark Bruno
NEWS RIAS SEP 22, 2010
Westwood Holding Group to buy McCarthy Group Advisors

Westwood Holdings Group Inc. Ticker:(WHG) today announced that it has reached an agreement to acquire McCarthy Group Advisors LLC in a deal that is expected to close by the end of the year.

By Jeff Benjamin
NEWS INDUSTRY NEWS SEP 22, 2010
David Dreman to step down as co-chief investment officer

David Dreman, the fund manager best known for against-the-grain bets on stocks he deems cheap, will step down as co-chief investment officer of Dreman Value Management LLC.

By Bloomberg
NEWS INDUSTRY NEWS SEP 22, 2010
Remember that recession?

This just in: The recession that started in December 2007 ended in June 2009, according to the official arbiter of the U.S. business cycle.

By Bloomberg
NEWS INDUSTRY NEWS SEP 22, 2010
U.S. recession ended in June 2009, says NBER

The longest and deepest U.S. recession since the Great Depression ended in June 2009, lasting 18 months, the National Bureau of Economic Research said.

By Bloomberg
NEWS INDUSTRY NEWS SEP 22, 2010
Incite: Cures for recession look a lot like causes of recession

Free money? Big bank consolidation? Extend and pretend? If this all sounds awfully familiar, you're on to something.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES SEP 22, 2010
The Hartford embarks on restructuring

The Hartford Financial Services Group Inc. is disbanding its distribution arm, Hartford Life Distributors, and decentralizing its wholesalers among four recently established business units.

By Jessica Toonkel
NEWS INDUSTRY NEWS SEP 22, 2010
Salopek: Market's 'like picking buckets of money off the ground'

A buildup of free cash flow creates an “extremely compelling” case for small-cap stocks, according to Steve Salopek, manager of the $100 million ING Small Cap Opportunities Fund Ticker:(NSPAX).

By Bloomberg
NEWS RIAS SEP 22, 2010
Brokerages with the most CFPs

See a breakdown of the largest brokerage firms -- and the percentage of CFPs in the total adviser force.

By Mark Bruno
NEWS RETIREMENT PLANNING SEP 22, 2010
The knock on group LTC plans

Long-term care insurance is considered a valuable benefit by employees, but advisers seldom share their enthusiasm.

By Darla Mercado
NEWS INDUSTRY NEWS SEP 22, 2010
Morgan Stanley Smith Barney: A Tale of Two "Lifers"

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES SEP 22, 2010
LTC insurance a hard sell to boomers

For Tori Fontenot, the clarion call to consider long-term-care insurance for herself and her husband came as she tried to coordinate care for her elderly mother.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES SEP 21, 2010
Law targets insurance agents barred by other regulators

Florida measure empowers state to revoke licenses of brokers who have run afoul of various agencies

By Bloomberg
Conservative streak helped Canada skirt financial crisis: TD's Tomczyk
NEWS INDUSTRY NEWS SEP 21, 2010
Conservative streak helped Canada skirt financial crisis: TD's Tomczyk

How did Canada avoid the worst of the banking crisis? "Generally speaking, Canadians are more conservative," Fred Tomczyk, president and chief executive of TD Ameritrade Holding Corp., said in an interview Monday.

By Dan Jamieson
NEWS LIFE INSURANCE AND ANNUITIES SEP 21, 2010
A renewed confidence

Investment advisers' confidence in the financial health of the insurance industry &#8212; though still underwhelming &#8212; is on the rebound, according to the <i>InvestmentNews </i>2010 Insurance Product Survey.

By Darla Mercado
NEWS INDUSTRY NEWS SEP 21, 2010
Return of the Great Recession? More like a soft patch, says Bob Doll

The economic recovery will continue; we do not believe that the economy will endure a double-dip recession. Growth levels should remain positive for the time being, although the pace of growth will be slower than that typically associated with recoveries.

By Bob Doll
NEWS FINTECH SEP 21, 2010
TD Ameritrade adds brokers at record clip

TD Ameritrade Institutional attracted more breakaway brokers in the last nine months than it did in all of its 2009 fiscal year, company executives said last week.

By Dan Jamieson And Jed Horowitz
TD Ameritrade to spend $30M on tech in 2011
NEWS FINTECH SEP 21, 2010
TD Ameritrade to spend $30M on tech in 2011

Despite expectations that interest rates will remain near zero for another year, the interest-sensitive TD Ameritrade Holding Corp. plans to invest $30 million in technology and &#8220;client-facing&#8221; activities in fiscal 2011.

By Bloomberg
NEWS INDUSTRY NEWS SEP 21, 2010
Dreman Value Management cuts 20% of staff

David Dreman, an iconoclastic value fund manager, has eliminated a significant portion of his staff at his investment management firm as it looks to reduce costs, an executive confirmed today.

By Mark Bruno