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RETIREMENT PLANNING JUL 10, 2015
How an elite financial adviser created his own financial freedom

Michael Kitces saves more than half his income and still drives a Kia Spectra, despite great professional success.

By Bloomberg
Gross' fund at Janus suffers worst monthly redemptions since October
INDUSTRY NEWS JUL 10, 2015
Gross' fund at Janus suffers worst monthly redemptions since October

Investor flows remain inconsistent for Janus Unconstrained Bond Fund, with $39.8 exiting in June.

By Bloomberg
HBO's 'Ballers' and its star, 'The Rock,' play fast and loose with the financial advice industry
PRACTICE MANAGEMENT JUL 10, 2015
HBO's 'Ballers' and its star, 'The Rock,' play fast and loose with the financial advice industry

Dwayne "The Rock" Johnson plays a retired football player turned money manager trying to win professional athletes as clients.

By Alessandra Malito
Support grows for strengthening variable annuity disclosures
LIFE INSURANCE AND ANNUITIES JUL 10, 2015
Support grows for strengthening variable annuity disclosures

A so-called summary prospectus would provide information about the risks, costs and benefits of the complicated products in a streamlined manner.

By Mark Schoeff Jr.
ALTERNATIVES JUL 09, 2015
Citi to pay $180 million for hedge fund sales linked to Smith Barney

Citigroup has agreed to pay $180 million to settle charges tied to two hedge funds the SEC said were improperly marketed and sold by private bankers and Smith Barney brokers.

By Mason Braswell
Janus Capital inflows slow but CEO Weil points to positive trend
INDUSTRY NEWS JUL 09, 2015
Janus Capital inflows slow but CEO Weil points to positive trend

Investors added $200 million in the second quarter, down from $1.1 billion in the prior period.

By Randy Diamond
INDUSTRY NEWS JUL 09, 2015
Toddlers need savings accounts, too

To get control of your wallet when you're an adult, you need years of practical experience with money.

By Bloomberg
RETIREMENT PLANNING JUL 09, 2015
Why you can't give relatives scholarship money and call it charity

The IRS shuts down a scholarship fund that gave money only to family; find out how you can provide income to loved ones tax free.

By Bloomberg
Minnesota adviser gets 25 years in prison for Ponzi scheme
RIAS JUL 09, 2015
Minnesota adviser gets 25 years in prison for Ponzi scheme

Sean Meadows pleaded guilty to diverting $10 million for business and personal expenses, including gambling and “adult entertainment.”

By Mason Braswell
INDUSTRY NEWS JUL 09, 2015
Should you let a robot manage your investments?

Robo-advisers aren't right for everyone. People with complicated finances, or those who need some handholding, may benefit from a person to talk to.

By Bloomberg
INDUSTRY NEWS JUL 09, 2015
NBA star Tim Duncan says losses from financial adviser topped $20 million

Future Hall of Famer Tim Duncan says he was pushed into investments despite conflicts of interest; adviser disputes the charges. <i>(Don't miss: <a href="//www.investmentnews.com/gallery/20130812/FREE/812009998/PH/athletes-vs-advisers" target="&quot;_blank&quot;" rel="noopener noreferrer">Athletes vs. Advisers</a>)</i>

By Bloomberg
Cost of settling estates rising as states hunt for more revenue
TAX JUL 08, 2015
Cost of settling estates rising as states hunt for more revenue

Connecticut tops the nation in probate fees &amp;mdash; latest example of removing caps to fund courts.

By Liz Skinner
Adviser and former race car driver convicted of defrauding NHL players of $20M
INDUSTRY NEWS JUL 08, 2015
Adviser and former race car driver convicted of defrauding NHL players of $20M

A New York jury convicted a financial adviser and his partner, a former race car driver, in a multimillion dollar fraud that victimized several current and former professional hockey players including forward Michael Peca.

By Mark Schoeff Jr.
What you can learn from the timing of Jennifer Garner and Ben Affleck's divorce
RETIREMENT PLANNING JUL 08, 2015
What you can learn from the timing of Jennifer Garner and Ben Affleck's divorce

The benefits of filing after a key anniversary may be worth the wait.

By Liz Skinner
RETIREMENT PLANNING JUL 08, 2015
Changing jobs? New technology aims to help you find the best way to invest your 401(k)

Figuring out your fees shouldn't require reading pages of fine print.

By Bloomberg
RETIREMENT PLANNING JUL 08, 2015
Is Billy Joel the poster child for the Viagra college fund?

Older dads can trigger Social Security benefits for young children.

By Mary Beth Franklin
INDUSTRY NEWS JUL 08, 2015
Meet the man who showed mutual fund executives how to invest in startups

A pioneer of writing big checks for startups, Henry Ellenbogen's returns lured other asset managers into the fray.

By Bloomberg
Finra board candidate claims examiners are out of touch
PRACTICE MANAGEMENT JUL 08, 2015
Finra board candidate claims examiners are out of touch

Finra examiners should adhere to a code of conduct when reviewing member firms, Stephen Kohn, a candidate for the SRO's small-firm board seat, asserts. <b><i>(Don't miss: <a href="//www.investmentnews.com/article/20150707/BLOG09/150709942/three-reform-initiatives-that-finra-should-embrace&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">How to make Finra work: Kovack</a>)</i></b>

By Mark Schoeff Jr.
RETIREMENT PLANNING JUL 08, 2015
Financial lessons from the timing of Jennifer Garner and Ben Affleck's divorce

Benefits of filing after a key anniversary may be worth the wait.

By Liz Skinner
Automated advisers attract much smaller clients than humans: Morningstar
RIAS JUL 08, 2015
Automated advisers attract much smaller clients than humans: Morningstar

Digital investment platforms with human advisers bring in account balances 10 times higher on average than regular robo-advisers.

By Trevor Hunnicutt