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REGULATION AND LEGISLATION DEC 09, 2014
Five former Madoff colleagues face prison sentencing

Bernard Madoff's inner circle, who benefited from the perks of his $17.5 billion Ponzi scheme, now face jail time.

By Bloomberg
INDUSTRY NEWS DEC 09, 2014
Goldman Sachs' oil forecasting prowess … or lack thereof

Wall Street titan cuts its forecast for the commodity, but should anyone pay attention? If history is any guide, not really.

By Paul Schatz
EQUITIES DEC 09, 2014
Troubled SAC Capital hedge fund becomes a family office

Breakfast with Benjamin is back. Today: SAC Capital is now a family office; gold and silver start to shine; navigating bonds with ETFs; another debt-ceiling fight; cheaper gas in 2014; and the biggest product flops of 2013.

By Jeff Benjamin
BROKER DEALERS DEC 08, 2014
From the C Suite with Raymond James' CEO Paul Reilly: Listen and learn. But in a crunch, be decisive

Exec honed his listening and peacemaking skills growing up as the third of eight children and those talents have come in handy.

By Liz Skinner
RIAS DEC 08, 2014
Fidelity fined $350,000 in billing snafu

Finra said the firm overbilled more than 20,000 fee-based accounts in its RIA unit by $2.4 million over seven years and ordered it to pay a $350,000 fine.

By Mason Braswell
EQUITIES DEC 08, 2014
Pimco plucks two from Schroders for equities expansion effort

Giles Money joins as a money manager in global growth equity strategies and Lucrecia Tam as an equity analyst focused on industrials,

By Bloomberg
IRA ALERT DEC 08, 2014
What kinds of income enable you to deduct IRA contributions?

A recent Tax Court case shows which of your checks don't count as compensation.

By Ed Slott
RIAS DEC 08, 2014
Four Convergent veterans depart for Presidio

Decision by advisers, including an executive director of the ultrahigh-net-worth group, to leave the firm and join Presidio comes amid management changes.

By Mason Braswell
RIAS DEC 08, 2014
Wall Street makes a case for why consumers should be spending big

On Monday's <i>Breakfast with Benjamin</i>, Wall Street makes its case for why consumers should be spending big. Plus: Avoiding 'bag lady syndrome', the insurance industry gets digital, and oil starts to look and feel like a free market.

By Jeff Benjamin
EQUITIES DEC 08, 2014
Socially conscious funds by category, ranked by one-year total return

Including domestic equity, fixed income, mixed-asset and world equity funds

By Andrew Leigh
ALTERNATIVES DEC 08, 2014
Real estate funds ranked by three-year return, net assets

The latest rankings of real estate funds

By Andrew Leigh
ESG DEC 08, 2014
The top 25 socially conscious funds

Ranked by one-year total return

By Andrew Leigh
Clash of the titans: Bionic advisers vs. robo-advisers
RIAS DEC 08, 2014
Clash of the titans: Bionic advisers vs. robo-advisers

Robos will force a change in the financial landscape, especially in pricing and democratization of knowledge, but they won't necessarily be the winners of the new era.

By Joe Duran
RIAS DEC 08, 2014
Fidelity Institutional weighs own robo offering

Months after teaming with Betterment, Fidelity has added LearnVest to its platform, and may even one day launch its own automated advice platform.

By Liz Skinner
PRACTICE MANAGEMENT DEC 08, 2014
DOL still planning fiduciary proposal for January

Department's plan is to 'reduce harmful conflicts of interest' by amending regulatory definition of fiduciary.

By Hazel Bradford
RETIREMENT PLANNING DEC 08, 2014
Retirement plan sponsors want more from advisers

A desire for greater expertise was cited as the primary reason for switching advice providers, says Fidelity survey

By Bianca Flowers
ALTERNATIVES DEC 08, 2014
Investment managers ditching 60/40 portfolios in favor of more liquid alternatives

On its last legs, the 60/40 portfolio will be replaced by 30/30/40, some managers say.

By Ed Mccarthy
ETFS DEC 08, 2014
Wells Fargo expanding bond fund and ETF use in SMAs

Firm's managed accounts can make greater use of products like bond mutual funds and ETFs over individual bonds in model portfolios.

By Trevor Hunnicutt
INDUSTRY NEWS DEC 07, 2014
T. Rowe assets up 2% in quarter despite $5.1 billion in net outflows

Mutual fund assets reach $477.6 billion as of Dec. 31, up 2.4% from Sept. 30.

By James Comtois
RETIREMENT PLANNING DEC 07, 2014
Financial advisers need to check up on clients' medical debt

About 52% of the collections reported by credit agencies are owed to hospitals and other medical providers. Advisers must stand ready to help negotiate claims and make sure medical debt doesn't wreck client credit reports.

By Liz Skinner