Industry News

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NEWS INDUSTRY NEWS AUG 27, 2010
Blue chips set to bounce, says Al Frank Asset's Buckingham

Blue-chip stocks are the best place to invest right now, says John Buckingham, chief investment officer at Al Frank Asset Management Inc.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES AUG 27, 2010
IN's Pavia: Let's agree to disagree respectfully

After seven years as editor of this publication, I have come to learn that our readers aren't shy. During that time, I have been on the receiving end of some strongly worded letters and e-mails from subscribers who didn't see eye to eye with me on one of my columns or with an <i>InvestmentNews </i>editorial.

By Jim Pavia
NEWS RIAS AUG 26, 2010
Advisers' worries about inflation wane

The reality of a sluggish, deflationary economy is sinking in among advisers.

By Bloomberg
NEWS RIAS AUG 26, 2010
The dangers of the growing bond bubble

By MFXFeeder
NEWS INDUSTRY NEWS AUG 26, 2010
Schwab and Charles Goldman take fight to arbitration

Charles Schwab Corp. and former executive vice president Charles Goldman agreed to meet with a private mediator next month to discuss $736,000 in severance pay he is seeking following his dismissal in 2008.

By Jed Horowitz
NEWS BROKER DEALERS AUG 26, 2010
Advisers on the Move: Raymond James recruits $1M producers from Wells Fargo

Steve Jones and Seth Gunderson have formed Tenacity Investment Group in Longmont, Colo.

By Mark Bruno
NEWS RIAS AUG 26, 2010
Schwab alternatives director Josh Kernan resigns

Josh Kernan, who oversees sales of alternative investments to investment advisers and their clients at Charles Schwab Corp., is leaving the company after 16 years to start a new firm.

By Jed Horowitz
Gross bets against deflation — and what a bet it is
NEWS INDUSTRY NEWS AUG 25, 2010
Gross bets against deflation — and what a bet it is

Pimco places an $8.1B options wager that the U.S. won't experience a long period of falling prices. Says one exec at the fund firm: A decade of deflation is 'remote.'

By Bloomberg
NEWS RETIREMENT PLANNING AUG 25, 2010
Fidelity: Workers tapping 401(k)s more than ever

In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.

By Associated Press
NEWS LIFE INSURANCE AND ANNUITIES AUG 25, 2010
Broker-dealers face escalating insurance costs

The cost of liability insurance is expected to increase up to 20% at some broker-dealers in response to rising arbitration claims by investors after the market crash.

By Mark Bruno
NEWS INDUSTRY NEWS AUG 25, 2010
Market sweet spot? Mid-caps, says Baron Opportunity's Lippert

Fund manager concentrates on a handful of broad themes that are generally applied to midsize companies &#8211; that is, businesses with market capitalizations between $1 billion and $10 billion.

By Jeff Benjamin
NEWS INDUSTRY NEWS AUG 25, 2010
Will expiration of Bush-era tax cuts derail dividends?

The looming expiration of the Bush-era tax cuts could throw a wrench into some dividend-investing strategies, according to Henry Sanders, manager of the $230 million Aston/River Road Dividend All Cap Value Fund Ticker:(ARDEX).

By Jeff Benjamin
NEWS INDUSTRY NEWS AUG 25, 2010
'Libor floor' loans giving good yields, says Hartford's Bacevich

Want to profit from the credit squeeze on cash-strapped companies?

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES AUG 25, 2010
The Hartford names new head of 401(k) business

The Hartford Financial Services Group Inc. has named Sharon Ritchey head of retirement plans in its wealth management division, replacing Jamie Ohl.

By Darla Mercado
IN's Cooper: Why my money's on deflation — and inflation
NEWS INDUSTRY NEWS AUG 25, 2010
IN's Cooper: Why my money's on deflation — and inflation

Submitted for your approval: A most unusual investment theory

By Bloomberg
NEWS INDUSTRY NEWS AUG 25, 2010
More bad news for Jesup & Lamont

Charges could lead to loss of firm's Finra registration, source says

By Bruce Kelly
NEWS RIAS AUG 25, 2010
Revenue metric dropped starkly for RIAs in '09

It was another tough year to be a financial adviser &#8212; or at least that seems to be one of the conclusions of The Charles Schwab Corp.'s RIA benchmarking study.

By Bloomberg
RIAs see sizable drop in revenue per client
NEWS RIAS AUG 25, 2010
RIAs see sizable drop in revenue per client

Schwab survey also uncovers drop in margins, slowdown in number of new clients

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES AUG 25, 2010
The Hartford names new president of wealth management

John C. Walters is being replaced by David N. Levenson, an executive vice president leading The Hartford's in-force domestic variable annuity business.

By Bloomberg
NEWS PRACTICE MANAGEMENT AUG 25, 2010
Small B-Ds are facing capital crunch

Inability to meet Finra's net- capital requirements will force more small and independent broker- dealers to shut down this year.

By Bloomberg