Industry News

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NEWS FINTECH DEC 20, 2015
Cybersecurity touches clients, staff

What may happen when cybercriminals target the financial advisory industry?

By Alessandra Malito
NEWS EQUITIES DEC 19, 2015
Wall Street volatility may bend, not break, U.S. growth

Turmoil in financial markets may slow the U.S. economic expansion. But it probably won't kill it.

By Bloomberg
Retirees to benefit from Fed's historic rate move
NEWS RETIREMENT PLANNING DEC 19, 2015
Retirees to benefit from Fed's historic rate move

Higher yield on bonds and CDs, higher annuity payouts, will provide tailwind to retirees.

By Greg Iacurci
NEWS BROKER DEALERS DEC 18, 2015
Commonly overlooked nuances of forgivable notes

It may be more essential to negotiate how a note is forgiven than the amount of capital that is being offered.

By Jodie Papike
How retirees will benefit from historic rate hike
NEWS RETIREMENT PLANNING DEC 18, 2015
How retirees will benefit from historic rate hike

Higher yield on bonds and CDs, higher annuity payouts, will provide tailwind to retirees.

By Greg Iacurci
Rough week doesn't derail the outlook for ETFs
NEWS EQUITIES DEC 18, 2015
Rough week doesn't derail the outlook for ETFs

Cerulli sees ETF assets more than doubling to $6T by 2020

By Jeff Benjamin
Fidelity targeted in another ERISA class-action suit
NEWS RETIREMENT PLANNING DEC 18, 2015
Fidelity targeted in another ERISA class-action suit

A unit of Fidelity has been targeted in a class-action suit for fiduciary breach under ERISA as a result of its alleged mismanagement of a stable value fund.

By Greg Iacurci
Shkreli, CEO reviled for drug price gouging, arrested on securities fraud charges
NEWS INDUSTRY NEWS DEC 18, 2015
Shkreli, CEO reviled for drug price gouging, arrested on securities fraud charges

Martin Shkreli, the boyish drug company entrepreneur, who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan apartment early Thursday morning and charged with securities fraud.

By Bloomberg
As DOL fiduciary clears latest hurdle, advisers expect changes will be made
NEWS REGULATION AND LEGISLATION DEC 18, 2015
As DOL fiduciary clears latest hurdle, advisers expect changes will be made

By Alessandra Malito
Third Avenue fund collapse may be 'much bigger problem' for bond ETFs
NEWS EQUITIES DEC 18, 2015
Third Avenue fund collapse may be 'much bigger problem' for bond ETFs

Fund closure could put the spotlight on fixed-income ETFs, which are vulnerable because they are more liquid than their underlying assets.

By Jeff Benjamin
Broker-dealer settles variable annuity allegations for $475,000
NEWS LIFE INSURANCE AND ANNUITIES DEC 18, 2015
Broker-dealer settles variable annuity allegations for $475,000

Finra alleges a New Jersey-based broker-dealer failed to reasonably supervise VA sales.

By Greg Iacurci
Rethinking retirement income replacement rules
NEWS RETIREMENT PLANNING DEC 18, 2015
Rethinking retirement income replacement rules

Current 80% savings target may be too high — unless you get sick.

By Mary Beth Franklin
Larry Roth takes over helm of RCS Capital Corp.
NEWS BROKER DEALERS DEC 18, 2015
Larry Roth takes over helm of RCS Capital Corp.

Industry vet replaces Michael Weil, longtime associate of Nicholas Schorsch.

By Bruce Kelly
6 ways the rate hike could be bad for markets
NEWS EQUITIES DEC 17, 2015
6 ways the rate hike could be bad for markets

<i>Breakfast with Benjamin</i>: This week's rate hike could hit the markets in a half dozen, mostly bad, ways.

By Jeff Benjamin
Massive spending bill fails to stop DOL fiduciary rule, clearing major hurdle
NEWS REGULATION AND LEGISLATION DEC 17, 2015
Massive spending bill fails to stop DOL fiduciary rule, clearing major hurdle

In a victory for proponents of the rule, legislators' policy riders that would have prevented or delayed the regulation did not make it into the massive must-pass spending bill.

By Mark Schoeff Jr.
Third Avenue fund's meltdown sheds new light on the value of prospectus reading
NEWS ALTERNATIVES DEC 17, 2015
Third Avenue fund's meltdown sheds new light on the value of prospectus reading

Some advisers swear by it, while others shun it as useless legalese.

By Jeff Benjamin
Third Ave CEO Barse departs as fund liquidates - WSJ
NEWS FIXED INCOME DEC 17, 2015
Third Ave CEO Barse departs as fund liquidates - WSJ

Third Avenue Management is parting ways with Chief Executive Officer David M. Barse after he announced plans last week to freeze redemptions in its troubled high-yield mutual fund, the Wall Street Journal reported.

By Bloomberg
Don't shrug off health care conversations with clients
NEWS RETIREMENT PLANNING DEC 17, 2015
Don't shrug off health care conversations with clients

As health costs become top-of-mind for clients, savvy advisers will reap the benefits.

By Greg Iacurci
Allianz, Pimco targeted in class-action 401(k) suit
NEWS RETIREMENT PLANNING DEC 17, 2015
Allianz, Pimco targeted in class-action 401(k) suit

Firms are the latest targets in another class-action lawsuit alleging breach of fiduciary duty due to excessive 401(k) fees.

By Greg Iacurci
NEWS INDUSTRY NEWS DEC 16, 2015
New owner of AIG Advisor Group may be announced Tuesday

Lightyear mentioned as likely acquirer. Call set for 8 a.m. Tuesday for parent company to discuss plan to sell off non-core businesses.

By Christine Idzelis