Industry News

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RIAS INDUSTRY NEWS JAN 18, 2008
Report: No quick end for 'sluggish' economy

The index of leading indicators decreased by 0.2% in December, according to The Conference Board.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JAN 18, 2008
Greenberg checks up on AIG's fiscal health

Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JAN 18, 2008
Hartford executive steps down

David M. Johnson, executive vice president and finance chief of The Hartford, will resign in mid-2008.

By Bloomberg
RIAS INDUSTRY NEWS JAN 17, 2008
Earnings: Ameritrade, Blackrock, PNC, BonY

TD Ameritrade’s net income increased 65% on client assets and greater trading activity.

By Bloomberg
RIAS INDUSTRY NEWS JAN 17, 2008
Home starts continue to falter

Cconstruction began on 1.353 million new homes and apartments in 2007, the lowest number since 1993.

By Bloomberg
RIAS INDUSTRY NEWS JAN 17, 2008
Goose economy, Bernanke and Bush say

The Fed chief warned, however, that a stimulus package provided at the wrong time could prove "counterproductive."

By Bloomberg
RIAS INDUSTRY NEWS JAN 17, 2008
RIA assets on the rise, study says

Twenty-eight percent of the RIA firms surveyed have experienced growth of more than 100%.

By Bloomberg
RIAS INDUSTRY NEWS JAN 16, 2008
Mortgage apps skyrocket in New Year

The number of mortgage applications filed increased by 28.4% for the week ended Jan. 11.

By Bloomberg
RIAS INDUSTRY NEWS JAN 16, 2008
Earnings: JPMorgan, Schwab, Knight and more

JPMorgan Chase said forth-quarter profit fell 34% after the firm posted a $1.3 billion write-down on subprime mortgages.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JAN 16, 2008
NAIC report slammed by insurance group

“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.

By Bloomberg
RIAS INDUSTRY NEWS JAN 16, 2008
Consumer prices inched up in December

U.S. consumer prices rose 0.3% in December of 2007, followoing an 0.8% bump in November, the largest of 2007.

By Bloomberg
RIAS INDUSTRY NEWS JAN 15, 2008
December retail and producer prices fall

Producer prices were up 6.3% in 2007, the largest full-calendar-year rise since 7.1% in 1981.

By Bloomberg
RIAS INDUSTRY NEWS JAN 15, 2008
Dow Jones Dharma aims for good karma

The new indexes measure the performance of companies in accord with the values and principles of Dharmic religions.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JAN 15, 2008
Jackson National and Curian name CFO

Doug Townsend has been the vice president and controller of both entities since January 2004.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES JAN 14, 2008
Interstate insurance group names regulators

The Interstate Insurance Product Regulation Commission today added two new regulators.

By Bloomberg
RIAS INDUSTRY NEWS JAN 14, 2008
Some advisers are buying stocks despite rockiness of the market

Many financial advisers are in a mood to buy stocks despite the drubbing their portfolios have taken in the first few trading sessions of 2008.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS JAN 14, 2008
Ameriprise loses top producer to LPL

Ameriprise Financial Inc. has experienced the defection of another top representative, this time a leading producer in its franchisee group, to LPL Financial.

By Bloomberg
RIAS INDUSTRY NEWS JAN 14, 2008
With contracts inked for N.J., Iowa, 529 industry now eyes Michigan

Two of the Section 529 college savings plan industry's most sought-after contracts up for renewal this year have been taken off the table, leaving Michigan as the biggest prize for ambitious program managers in 2008.

By Bloomberg
RIAS INDUSTRY NEWS JAN 11, 2008
Survey: More experts fear recession

Economists polled by The Wall Street Journal put the chance of recession at 42%, up from 23% just six months ago.

By Bloomberg
RIAS INDUSTRY NEWS JAN 11, 2008
Confidence at all-time low, says survey

The RBC CASH Index, which has gauged consumer confidence since 2002, hit a new low this month.

By Bloomberg