Industry News

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RIAS INDUSTRY NEWS OCT 16, 2007
'Full recovery' a ways off, says Bernanke

Market uncertainty remains unusually high as a result of subprime-mortgage turmoil, the Fed chief said last night.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 15, 2007
Top-producing rep under scrutiny by Michigan regulator

One of the nation's top-producing independent brokers is under investigation by Michigan securities regulators.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 15, 2007
Schwab to roll out benefits package for advisers

In an effort to get more wirehouse brokers to break away and become independent registered investment advisers, Schwab Institutional plans to roll out today an all-in-one benefits and payroll package designed for the newly independent RIA.

By Bloomberg
RIAS INDUSTRY NEWS OCT 15, 2007
'Terror-free' investing draws public pension plans

Across the country, states are considering plans to apply "terror-free" investing strategies to their public pensions.

By Bloomberg
RIAS INDUSTRY NEWS OCT 15, 2007
Three Americans win economic Nobel

They were selected “for having laid the foundations of mechanism design theory.”

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 15, 2007
A.G. Edwards exodus spurs new suit

A.G. Edwards & Sons Inc. has sued more brokers who left the firm in the wake of its recent merger with Wachovia Securities LLC.

By Bloomberg
RIAS INDUSTRY NEWS OCT 12, 2007
Consumers spend despite price boosts

Rising energy costs bumped overall producer prices up 1.1% during, but consumers were happy to open their wallets.

By Bloomberg
RIAS INDUSTRY NEWS OCT 12, 2007
Richest get even richer

The wealthiest Americans took a record slice of the income pie in 2005, according to an IRS report.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES OCT 12, 2007
Nebraska insurance director dies

Nebraska insurance director L.Tim Wagner died on Tuesday, according to the National Association of Insurance Commissioners.

By Bloomberg
RIAS INDUSTRY NEWS OCT 11, 2007
Michigan rep probed by regulators

One of the nation's top producing registered reps is under investigation by Michigan securities regulators.

By Bloomberg
RIAS INDUSTRY NEWS OCT 10, 2007
Indies growing, but wirehouses have assets

The number of brokers at independent dealers will catch up to the number of wirehouses in three years.

By Bloomberg
RIAS INDUSTRY NEWS OCT 10, 2007
Jackson Hewitt picks chief, shuffles execs

Tax preparer Jackson Hewitt has named Michael Yerington as its new president and chief executive.

By Bloomberg
ADVISOR NEWS RETIREMENT PLANNING OCT 10, 2007
No help for plans from PPA, says study

The PPA has not increased the security of defined-benefit pension plans, the Pension Benefit Guaranty Corp. said.

By Bloomberg
RIAS INDUSTRY NEWS OCT 10, 2007
Wholesale inventories remain flabby

U.S. wholesalers' inventories increased at a slower-than-expected rate in August, as demand for goods increased.

By Bloomberg
RIAS INDUSTRY NEWS OCT 09, 2007
Vanguard adds pool to charitable program

The Select Multi-Asset Pool is actively managed and invests in a broader range of asset classes than the program’s other pools.

By Bloomberg
RIAS INDUSTRY NEWS OCT 09, 2007
Pershing and LPL join forces

Pershing will expand its products and services to LPL B-Ds that use Pershing, the firms announced today.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES OCT 08, 2007
Advisers, providers remain skeptical on ETF-based annuities

More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.

By Bloomberg
ADVISOR NEWS WIREHOUSES OCT 08, 2007
Analysts downgrade Merrill Lynch stock

JPMorgan Chase analyst Kenneth B. Worthington downgraded Merrill's stock to "neutral" from ''overweight.''

By Bloomberg
RIAS FINTECH OCT 08, 2007
First Southwest to send platform via B-Ds

The clearing firm's B-Ds will provide consolidated performance reporting across all accounts.

By Bloomberg
RIAS INDUSTRY NEWS OCT 08, 2007
Jackson names VP of eastern B-Ds

In this newly created role, Gregg Mahalich will oversee Jackson’s wholesale efforts among regional firms.

By Bloomberg