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Marquee team bolts on-the-block Morgan Keegan
INDUSTRY NEWS SEP 16, 2011
Marquee team bolts on-the-block Morgan Keegan

Veteran advisers sign on with Wells Fargo; duo have $1.5m in production

By Andrew Osterland
RETIREMENT PLANNING SEP 16, 2011
States with the highest tax rates

By John Goff
Irene's cost: Insurers face estimated $2.6B tab
LIFE INSURANCE AND ANNUITIES SEP 16, 2011
Irene's cost: Insurers face estimated $2.6B tab

Hurricane Irene's estimated cost to insurers fell to about $2.6 billion in the U.S. as the storm lost strength en route to New York.

By Mark Bruno
UBS, Morgan Stanley subpoenaed over reverse convertibles
RETIREMENT PLANNING SEP 16, 2011
UBS, Morgan Stanley subpoenaed over reverse convertibles

Georgia requested information from UBS, Morgan Stanley and Ameriprise Financial in its probe over whether the firms broke the state's securities laws in sales of structured notes called reverse convertibles.

By Doug Cubberley
REGULATION AND LEGISLATION SEP 16, 2011
Insurers out to kill fiduciary standard, planners say

Financial Planning Coalition sends petition to Congress urging adoption of single standard of care; 'isolated pocket of opposition'

By Mark Schoeff Jr.
LIFE INSURANCE AND ANNUITIES SEP 16, 2011
Ex-Allstate agent sues for $15M, alleges he was forced out

Veteran insurance agent Paul A. Mattus has filed suit against The Allstate Corp., claiming that the carrier muscled him out of his book of business and passed it on to a newer, younger agent

By Darla Mercado
LIFE INSURANCE AND ANNUITIES SEP 16, 2011
Merger pace slow for life insurers in 2010

U.S. life insurers had a fairly small appetite for mergers and acquisitions last year, with much of the activity encompassed in AIG's shedding of its foreign life insurance subsidiaries

By Darla Mercado
RIAS SEP 16, 2011
A fiduciary field guide

By Davis Janowski
Obama signs law banning tax strategy patents
RIAS SEP 15, 2011
Obama signs law banning tax strategy patents

President Obama made the lives of advisers, accountants and taxpayers easier today by removing the burden of having to get permission to use trademarked tax strategies.

By Mark Schoeff Jr.
States must work with Finra since self-regulation 'not going away': NASAA head
REGULATION AND LEGISLATION SEP 15, 2011
States must work with Finra since self-regulation 'not going away': NASAA head

State regulators of investment advisers should reach out to Finra, which provides broker-dealer oversight, to ensure that advisers act in their clients' best interests, according to the new head of NASAA.

By Bloomberg
INDUSTRY NEWS SEP 15, 2011
Marc Faber's golden rule: Buy a 'little bit' every month

Gold's rally above $1,900 an ounce shows no signs of a “bubble” as central banks continue to boost money supplies that has helped spur bullion to a record, according to investor Marc Faber

By Bloomberg
INDUSTRY NEWS SEP 15, 2011
Losing some shine, gold still glitters

Despite last week's sudden pullback in the price of gold, most financial advisers and market watchers aren't ready to abandon the precious metal just yet.

By Jeff Benjamin
RIAS SEP 14, 2011
CLA Ironman to race for charity

Dozens of athletes planning to participate in the Ironman U.S. Championship in New York and New Jersey got a lesson in courage from one of their own: John Hyland, managing partner of Morristown Financial Group.

By Andrew Osterland
Corporate cash piling up — but not dividend checks
INDUSTRY NEWS SEP 14, 2011
Corporate cash piling up — but not dividend checks

Investors, money managers steamed as businesses hoard green; 'earning close to zero'

By John Goff
BlackRock expresses real concern over synthetics in ETFs
ETFS SEP 14, 2011
BlackRock expresses real concern over synthetics in ETFs

Asset manager issues proposal to reform exchange-traded-fund industry

By Jeff Benjamin
Rydex deal puts Guggenheim squarely in the ETF frame
INDUSTRY NEWS SEP 14, 2011
Rydex deal puts Guggenheim squarely in the ETF frame

The firm's absorbing of RydexSGI vaults the company to No. 10 on the list of ETF sellers -- and positions the asset manager to challenge the big boys in what is becoming a fiercely contested industry.

By Jeff Benjamin
Permanent — and peculiar — asset mix pushes this fund to top
INDUSTRY NEWS SEP 14, 2011
Permanent — and peculiar — asset mix pushes this fund to top

By John Goff
Stocks stall this year, take off next year: Yardeni
INDUSTRY NEWS SEP 14, 2011
Stocks stall this year, take off next year: Yardeni

U.S. stocks will stay at current levels in 2011 as companies struggle to beat analyst estimates amid slower economic growth, according to Edward Yardeni, chief investment strategist at Yardeni Research Inc.

By John Goff
Muni regulator puts pay to play, other proposals on hold
FIXED INCOME SEP 14, 2011
Muni regulator puts pay to play, other proposals on hold

The Municipal Securities Rulemaking Board has yanked all six of its proposed rules covering municipal advisers today, triggered by worries about the Securities and Exchange Commission's proposed definition of a municipal adviser.

By Dan Jamieson
Pimco's Kashkari says now is the time to stock up on equities
EQUITIES SEP 14, 2011
Pimco's Kashkari says now is the time to stock up on equities

Pacific Investment Management Co.'s Neel Kashkari said investors should buy equities because valuations, income growth and dividends show the asset class is attractive.

By Doug Cubberley