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Stiglitz says probability of U.S. recession 'very high'
INDUSTRY NEWS AUG 31, 2011
Stiglitz says probability of U.S. recession 'very high'

Nobel-prize winning economist Joseph Stiglitz said the chances of the U.S. economy going back into recession are “very high,” as unemployment and austerity talk point to a double dip.

By Doug Cubberley
Crucial deficit committee features party stalwarts — and wildcards
REGULATION AND LEGISLATION AUG 31, 2011
Crucial deficit committee features party stalwarts — and wildcards

Panel must find $1.5 trillion in savings; taxes and entitlements on the table?

By Bloomberg
RIAS AUG 31, 2011
The U.S. debt iceberg still looms

Although the debt ceiling bill passed, the national-debt iceberg continues to grow in size, threatening to sink the U.S economy

By MFXFeeder
REGULATION AND LEGISLATION AUG 31, 2011
Congress not likely to tackle tax reform

A special congressional committee created by last week's debt ceiling legislation is unlikely to have the time or the political will to tackle any meaningful tax reforms

By Mark Schoeff Jr.
DOL delay on plan fee disclosure rules gives service providers some breathing room
RETIREMENT PLANNING AUG 31, 2011
DOL delay on plan fee disclosure rules gives service providers some breathing room

Effective date on reg is bumped back to April 1

By Darla Mercado
OPINION AUG 31, 2011
DOL plugs a yawning gap in ERISA rules

There is a gaping hole in ERISA regulations that allows many investment service providers to escape fiduciary accountability for the advice that they provide to retirement plan sponsors and participants

By Blaine F. Aikin
RETIREMENT PLANNING AUG 31, 2011
Court says third-party carriers to retirement plans can be sued

A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.

By Darla Mercado
Labor Dept. to delay plan fee disclosure rules
REGULATION AND LEGISLATION AUG 31, 2011
Labor Dept. to delay plan fee disclosure rules

Labor Department proposal would push back the effective date for retirement plan service providers to begin disclosing fees to Jan. 1, 2012

By Bloomberg
Performance of REITs back on the beam
INDUSTRY NEWS AUG 30, 2011
Performance of REITs back on the beam

Real estate trusts throwing off 4.5% return; no ceiling in sight for apartments as homeownership dwindles

By Jeff Benjamin
So what's Kotlikoff's Purple Tax Plan — and will it actually work?
OPINION AUG 30, 2011
So what's Kotlikoff's Purple Tax Plan — and will it actually work?

Proposed reform mixes in wins for both blues (Democrats) and reds (Republicans); accountants, advisers may boo, however

By Laurence J. Kotlikoff
Workers seeking greener pastures — or just more green
INDUSTRY NEWS AUG 30, 2011
Workers seeking greener pastures — or just more green

Surprise! Increasing number of employees changing jobs due to opportunity, not necessity

By Lavonne Kuykendall
Wealthy turn to auctions as mansions go unsold for years
RETIREMENT PLANNING AUG 30, 2011
Wealthy turn to auctions as mansions go unsold for years

Owners seek a quick sale -- and pray a bidding war breaks out; $65M house, $22M minimum bid

By John Goff
Blue summer: RIAs' take on the economy getting gloomier
RIAS AUG 30, 2011
Blue summer: RIAs' take on the economy getting gloomier

Sentiment now at lowest level in more than a year; recession chief worry

By Dan Jamieson
INDUSTRY NEWS AUG 30, 2011
Family offices: The firms that have cracked the crowd

Yesterday, we pointed out that there were some <a href=http://www.investmentnews.com/article/20110824/BLOG03/110829972>19,400,000</a> results that come up in a Google search for the term &quot;wealth manager.&quot;

By Mark Bruno
Schwab apologizes to RIA clients for marketing letter gaffe
RIAS AUG 30, 2011
Schwab apologizes to RIA clients for marketing letter gaffe

The head of Schwab Advisor Services apologized yesterday to the firm's RIA clients for sending a marketing piece sent Aug. 9 to advisers' clients who sponsor Schwab-run retirement plans.

By Dan Jamieson
RIAS AUG 30, 2011
Assets being snatched up, but valuations of RIAs still depressed

RIA client assets that changed hands through acquisitions soared in the first half of the year but valuations of the firms are still below the 2008 peak, according to Schwab Advisor Services.

By Lavonne Kuykendall
REGULATION AND LEGISLATION AUG 30, 2011
Mounting regulations means mounting payrolls at advisory companies

A new survey shows investment management firms are spending-much needed capital on beefing up compliance departments -- rather than projects that boost the top line.

By Bloomberg
LPL to lower its stock and ETF fees dramatically
INDUSTRY NEWS AUG 30, 2011
LPL to lower its stock and ETF fees dramatically

B-D to cut transaction costs from $15 a trade to $9

By Lavonne Kuykendall
Capital gains tax break to be chopped?
INDUSTRY NEWS AUG 30, 2011
Capital gains tax break to be chopped?

The bi-partisan deficit reduction proposal is slowly gaining traction on Capitol Hill. And according to experts, one of the key components of the plan is the elimination of preferential tax treatment for capital gains and dividends.

By John Goff
Mutual Fund Store being shopped: Source
INDUSTRY NEWS AUG 30, 2011
Mutual Fund Store being shopped: Source

A source says Adam Bold is seeking a buyer for The Mutual Fund Store, the RIA he founded. But Mr. Bold told a local Kansas City newspaper the firm is not on the block. | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&amp;djoPage=summary&amp;djoProjStr=22974|22989&amp;issuedate=20110529&amp;sid=RIA0529>The top fee-only RIAs</a>

By Bruce Kelly