Advisor News

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ADVISOR NEWS FINTECH DEC 04, 2007
Fiserv finalizes CheckFree acquisition

The technology-solutions provider has completed its $4.4 billion cash acquisition of CheckFree.

By Bloomberg
ADVISOR NEWS REGULATION AND LEGISLATION DEC 03, 2007
Ex-UBS rep wins $4.6 million award

The rep claimed ex-colleagues spread lies about him, saying that he was headed toward a nervous breakdown.

By Bloomberg
ADVISOR NEWS FINTECH DEC 03, 2007
Industry IT spending may outpace others'

While spending on technology in the financial-services sector won't reach double-digit growth next year, it's likely to outpace growth in spending by many other big sector groups.

By Bloomberg
ADVISOR NEWS RETIREMENT PLANNING DEC 03, 2007
New Form 5500 implementation eats time and money

The unveiling of the revised Internal Revenue Service Form 5500 comes with both relief and trepidation.

By Bloomberg
ADVISOR NEWS WIREHOUSES DEC 03, 2007
Morgan Stanley changes pay policies

Morgan Stanley is adjusting some of its pay policies to comply with a wage-and-hour lawsuit it settled last year.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 03, 2007
Raymond James researches VA riders

Raymond James Financial Inc. of St. Petersburg, Fla., last month rolled out a series of research reports on variable annuity riders designed to help its reps sort through the confusing array of products.

By Bloomberg
ADVISOR NEWS FINTECH DEC 03, 2007
Man vs. machine

When computers manage the portfolio, the first challenge is often preventing the human brain from getting in the way.

By Bloomberg
ADVISOR NEWS OPINION DEC 03, 2007
Time to Start Talking About Estate Taxes

By Bloomberg
ADVISOR NEWS FINTECH DEC 03, 2007
S&P has high hopes for MarketScope Advisor

Standard & Poor's MarketScope Advisor is a beautifully designed, intuitive online application that is meant to serve as a financial adviser's central source of real-time stock analysis, equity research, strategic asset allocation guidance and market commentary.

By Bloomberg
ADVISOR NEWS OPINION DEC 03, 2007
PPA supports new business models

Investment advisers can thank the 2006 Pension Protection Act for giving them a new opportunity.

By Bloomberg
ADVISOR NEWS OPINION DEC 03, 2007
Time for an assault on golden parachutes

It's time for all investors, institutional and individual, to tell boards of directors: "We're mad as hell, and we're not going to take it anymore!"

By Investment News Team
ADVISOR NEWS REGULATION AND LEGISLATION NOV 29, 2007
Bill would block gifts to donor-advised funds

Legislation allowing donations from IRAs to individual charities will not include donations to donor-advised funds.

By Bloomberg
ADVISOR NEWS RETIREMENT PLANNING NOV 27, 2007
Citigroup sells stake to Abu Dhabi authority

Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, in a transaction valued at $7.5 billion.

By Bloomberg
ADVISOR NEWS FINTECH NOV 26, 2007
At quirky Thrasher, investors can pick stocks and groove to the music

Charts displaying stock market activity or detailed stock analysis are common on investment or brokerage websites — an embedded music player would seem out of place.

By Bloomberg
ADVISOR NEWS WIREHOUSES NOV 26, 2007
The F word war

I would like to respond to recent comments of Sallie Krawcheck, chief executive of Citigroup Inc.'s global-wealth-management division, as quoted in "Krawcheck: Accept the F[iduciary] word" (InvestmentNews Daily, Nov. 8.).

By Investment News Team
ADVISOR NEWS OPINION NOV 26, 2007
Do-it-yourself structured notes

As discussed in earlier columns, there are two types of structured-note products — those without a principal guarantee and those that guarantee the return of principal as a worst-case scenario.

By Robert N. Gordon
ADVISOR NEWS WIREHOUSES NOV 26, 2007
Merrill, Morgan reps wait on fee conversion

Some brokers at Merrill Lynch & Co. Inc. and Morgan Stanley have been hesitating to use new advisory options that their firms have deployed as replacements for fee-based brokerage accounts.

By Bloomberg
ADVISOR NEWS OPINION NOV 26, 2007
SEC should not require climate change risk disclosure

The Securities and Exchange Commission should resist calls for it to require, at this time, greater disclosure of the business risks to companies from climate change.

By Investment News Team
ADVISOR NEWS INDEPENDENT BROKER DEALERS NOV 19, 2007
How to prepare for NASD arbitration

One of the most useful ways for the registered representative to envision the [arbitration] process is to realize that it is a marathon and not a sprint.

By Investment News Team
ADVISOR NEWS WIREHOUSES NOV 19, 2007
Indies seeking an edge in fight for breakaway reps

Registered investment adviser and independent-contractor-broker-dealer firms looking to attract high-producing wirehouse brokers are increasingly seeking to differentiate themselves in a crowded and competitive marketplace.

By Bloomberg