Industry News

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RIAS INDUSTRY NEWS NOV 26, 2007
NFP Securities taps prez and COO

Daniel Young will be responsible for the day-to-day management of the broker-dealer.

By Bloomberg
RIAS INDUSTRY NEWS NOV 21, 2007
Unemployment claims fall last week

Claims now stand at 330,000, lower than earlier this month but still up from 322,000 at this time last year.

By Bloomberg
RIAS INDUSTRY NEWS NOV 21, 2007
Goldman aims for $1B charitable fund

The Goldman Sachs Group today established Goldman Sachs Gives, a donor-advised charitable fund.

By Bloomberg
RIAS INDUSTRY NEWS NOV 21, 2007
'Devastating' oil prices daunt consumers

Consumer sentiment fell to the lowest level in two years, as rising fuel and food costs strained household budgets.

By Bloomberg
RIAS INDUSTRY NEWS NOV 21, 2007
Conference Board sees slowing economy

Seven of the 10 indicators were in negative territory, led by building permits and initial claims for unemployment insurance.

By Bloomberg
RIAS INDUSTRY NEWS NOV 20, 2007
Housing starts up but permits plummet

Construction of new homes rebounded in October, increasing for the first time since June.

By Bloomberg
RIAS INDUSTRY NEWS NOV 20, 2007
Eaton Vance profits soar 59%

The Boston-based money manager reported earnings of $61.4 million, or 47 cents per share.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES NOV 20, 2007
Woods to retire from LIFE Foundation

Mr. Wood's retirement ends a 13-year career at the Life and Health Insurance Foundation for Education.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES NOV 20, 2007
Gary Wendlandt named NYLI vice chairman

He joins chief executive Sy Sternberg and Ted Mathas, chief operating officer on the board.

By Bloomberg
RIAS INDUSTRY NEWS NOV 20, 2007
Sinking dollar sends oil sky high

The dollar slid to a new low against the euro today, sending the price for a barrel of crude oil to a new record high.

By Bloomberg
RIAS INDUSTRY NEWS NOV 20, 2007
Ernst out, Breeden in as Block boss

Mark Ernst resigned as chairman, president and CEO of H&R Block following losses tied to subprime mortgages.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS NOV 19, 2007
How to prepare for NASD arbitration

One of the most useful ways for the registered representative to envision the [arbitration] process is to realize that it is a marathon and not a sprint.

By Investment News Team
ADVISOR NEWS WIREHOUSES NOV 19, 2007
Indies seeking an edge in fight for breakaway reps

Registered investment adviser and independent-contractor-broker-dealer firms looking to attract high-producing wirehouse brokers are increasingly seeking to differentiate themselves in a crowded and competitive marketplace.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES NOV 19, 2007
Birthday gift annuities relieve worries

Children don't always grow up to be the responsible types we hope for. My client Anne is divorced, with a traditional individual retirement account valued at $1 million.

By Investment News Team
INVESTING LIFE INSURANCE AND ANNUITIES NOV 19, 2007
Swiss Re takes $878M subprime hit

The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.

By Bloomberg
RIAS INDUSTRY NEWS NOV 19, 2007
LPL buying spree yields robust results

The firm reported income of $53.3 million over the first nine months of the year, compared to $20.4 million a year ago.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES NOV 19, 2007
NAILBA announces board picks

Doug Mishkin, president and chief executive officer of Algren Associates, will head up the executive board as chairman.

By Bloomberg
RIAS INDUSTRY NEWS NOV 19, 2007
Builders' confidence at 22-year low

Home builders’ confidence stayed at basement levels in November, due to an increased inventory of unsold homes.

By Bloomberg
RIAS INDUSTRY NEWS NOV 16, 2007
U.S. capital flows fall in September

Monthly capital flows to the U.S. fell by $14.7 billion in September, marking the second consecutive monthly decline.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES NOV 16, 2007
Labor Life Insurance fined $20 million

Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.

By Bloomberg