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Raymond James picks up $280 million adviser in Chicago
PRACTICE MANAGEMENT MAY 18, 2016
Raymond James picks up $280 million adviser in Chicago

Alan Lazzara brought in $1.7 million in annual fees and commissions while a partner at William Blair.

By Christine Idzelis
RETIREMENT PLANNING MAY 18, 2016
Gifts to introduce new graduates to saving and investing

Professional financial planners offer suggestions for the best gifts to give recent college grads instead of cash.

By Bloomberg
RETIREMENT PLANNING MAY 18, 2016
Laurence Kotlikoff, economist and Social Security guru, to challenge Clinton, Trump for presidency

Saying the U.S. faces a $199 trillion 'fiscal gap,' professor wants to apply the principles of economics to fix what ails the country.

By Bloomberg
Elkhorn joins Vanguard, PowerShares in ETF play on corporate cash
INDUSTRY NEWS MAY 18, 2016
Elkhorn joins Vanguard, PowerShares in ETF play on corporate cash

Some funds take advantage of two ways companies spend their cash, and now there's a third type focused on companies that reinvest their money wisely.

By John Waggoner
Former Thrivent broker barred from securities business for defrauding woman he met at church: Finra
REGULATION AND LEGISLATION MAY 18, 2016
Former Thrivent broker barred from securities business for defrauding woman he met at church: Finra

He allegedly met the customer at church and took $25,000 from her under false pretenses.

By Christine Idzelis
Bank of America Merrill Lynch hires $675M adviser team from Morgan Stanley
PRACTICE MANAGEMENT MAY 18, 2016
Bank of America Merrill Lynch hires $675M adviser team from Morgan Stanley

The Gatto Hughes Group produced $5.3 million of revenue last year.

By Christine Idzelis
BROKER DEALERS MAY 18, 2016
LPL Financial's problems keep piling up

Nation's largest independent broker-dealer faces an ugly lawsuit, high turnover and stalled growth. And that's just for starters. </br><b><i>(Related read: <a href=&quot;http://www.investmentnews.com/article/20160403/FREE/304039998/the-lpl-stock-buyback-that-launched-a-lawsuit&quot; target=&quot;_blank&quot;>The stock buyback that launched a lawsuit</a>)</b></i>

By Bruce Kelly
Cetera quietly offers its advisers retention bonuses on the industry's low end
BROKER DEALERS MAY 18, 2016
Cetera quietly offers its advisers retention bonuses on the industry's low end

Incentives for eligible advisers are from 2% to 11% of their total annual revenue.

By Bruce Kelly
INDUSTRY NEWS MAY 18, 2016
States working on new savings accounts for disabled families

Chairman of the College Savings Plans Network discusses coming ABLE plans, college 529s and why prepaid plans can be 'dangerous.'

By Liz Skinner
3 email marketing systems that won't break the bank
FINTECH MAY 17, 2016
3 email marketing systems that won't break the bank

These systems are a great place to begin to kick-start your email marketing campaigns.

By Michelle Waymire
What's in your mutual fund? How about an ETF
INDUSTRY NEWS MAY 17, 2016
What's in your mutual fund? How about an ETF

Funds use ETFs for short-term cash, asset allocation and more.

By John Waggoner
Harbor Lights team leaves LPL for Wells Fargo Advisors Financial Network
RETIREMENT PLANNING MAY 17, 2016
Harbor Lights team leaves LPL for Wells Fargo Advisors Financial Network

The $350M firm was concerned with joining a firm that could successfully navigate the DOL fiduciary rule.

By Christine Idzelis
Finra's REIT rule to raise transparency on prices takes effect
ALTERNATIVES MAY 17, 2016
Finra's REIT rule to raise transparency on prices takes effect

New reg mandates changes to customer account statements that better reflect true value of nontraded REITs.

By Bruce Kelly
ETFS MAY 16, 2016
Bond ETFs brace for a June rate hike

Plus: Millennials don't invest like the rest of us, mid-cap stocks to the rescue, and Big Pharma pulls a fast one

By Jeff Benjamin
INDUSTRY NEWS MAY 16, 2016
BlackRock faces backlash for supporting 'fat cat CEOs'

<i>Breakfast with Benjamin</i>: The world's largest money manager in the hot seat for being &#8220;soft&#8221; on high pay for corporate executives.

By Jeff Benjamin
EQUITIES MAY 16, 2016
Why the inventor of 401(k)s came to view them as 'monsters'

<i>Breakfast with Benjamin</i> Why the father of the 401(k) came to think the plans were better at helping the financial industry than retirement savers.

By Jeff Benjamin
Nebraska regulators off hook for targeting adviser with anti-Obama sentiments
PRACTICE MANAGEMENT MAY 16, 2016
Nebraska regulators off hook for targeting adviser with anti-Obama sentiments

But state agency says it is adjusting to court's admonishment on adviser's free speech rights.

By Mark Schoeff Jr.
EQUITIES MAY 16, 2016
George Soros bets against the S&P

<i>Breakfast with Benjamin</i> The billionaire hedge funder is shorting stocks and buying gold.

By Jeff Benjamin
Pimco's Mark Kiesel: Time to buy more bonds as U.S. in good shape
INDUSTRY NEWS MAY 16, 2016
Pimco's Mark Kiesel: Time to buy more bonds as U.S. in good shape

Bonds of consumer-oriented companies offer &#8220;significant value,&quot; he says

By Bloomberg
FIXED INCOME MAY 16, 2016
Don't rule out a June rate hike by the Federal Reserve

Plus: Deciding between ETFs and mutual funds, why borrowing from a 401(k) is a bad idea, and how to tell if you're traveling next to an economist

By Jeff Benjamin