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INDUSTRY NEWS APR 25, 2014
How much gold should be in your clients' portfolios?

Study says gold should make up as much as 10% of a well-diversified portfolio

By CODONNELL
PRACTICE MANAGEMENT APR 25, 2014
Wells Fargo training program violates labor laws: Suit

A former adviser trainee of Wells Fargo Advisors says firm went after her for training costs after she left the firm; she has sued, claiming the firm's practice of recouping training costs is illegal and discriminatory.

By Mason Braswell
RIAS APR 25, 2014
Creating clear career path critical to attracting NextGen advisers

Fidelity is even broadening its recruiting efforts to high school students

By Trevor Hunnicutt
WIREHOUSES APR 25, 2014
BofA to pay $160M to settle racial bias case

Suit on behalf of 1,200 black brokers claimed discrimination in business opportunities.

By Trevor Hunnicutt
PRACTICE MANAGEMENT APR 25, 2014
Female Merrill Lynch advisers object to gender bias settlement

A group of women advisers contend that a $39 million payout will actually reinforce policies allegedly tied to gender discrimination.

By Andrew Leigh
WIREHOUSES APR 25, 2014
BofA Merrill agrees to $39M gender discrimination settlement

Lawsuit alleged a "deep rooted and pervasive gender discrimination" existed at Bank of America and Merrill Lynch

By DJAMIESON
REGULATION AND LEGISLATION APR 25, 2014
Supremes give Schwab a boost over Finra in arbitration scuffle

A recent Supreme Court decision allowing class action waivers tips the scales in favor of Charles Schwab in its scuffle with Finra over the tactic.

By DJAMIESON
REGULATION AND LEGISLATION APR 25, 2014
State regulators, independent brokers tussle over mandatory arb

Abrogation of rights or a fair system? Opinions fly at <i>IN</i> roundtable

By Mark Schoeff Jr.
REGULATION AND LEGISLATION APR 25, 2014
Schwab to allow clients to file class actions

In its battle with Finra over mandatory arbitration, Charles Schwab has backed down, making its clients the winner. But the fight has just begun.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION APR 24, 2014
Investor, consumer groups call on Finra to release more arbitration data

As task force reviews process, regulator pushed to fess up on selection of arbitrators, award collections and case statistics.

By Mark Schoeff Jr.
RETIREMENT PLANNING APR 24, 2014
Hamptons home prices soar 52% as Wall Street money floods market

The beach retreat for Manhattan is one of a number of getaway markets that have been benefiting from the wealth effect of rising stocks. Vacation homes made up 13% of all sales last year, the highest level since 2006, the National Association of Realtors reported this month.

By Elizabeth MacBride
EQUITIES APR 24, 2014
What stocks to buy, if you want to buy stocks

<i>Breakfast with Benjamin:</i> What stocks to buy if you're ready to buy stocks. Plus: A different investor reaction to a Netflix price hike; earnings coming fast and furious; when CEOs stop buying back their stock and don't forget Earth Day.

By Jeff Benjamin
INDUSTRY NEWS APR 24, 2014
BlackRock expands top ranks in second revamp in two years

In a newly-announced restructuring, BlackRock CEO Laurence Fink is staying put but he has lined up new set of deputies and sets new roles for at least 10 execs.

By Gregory Crawford
REGULATION AND LEGISLATION APR 24, 2014
Glovsky hopes to promote early financial education from perch on White House council

Colony Group vice chairman: U.S. needs K-12 curriculum; but FPA of Florida head says effort starts in the states.

By Mark Schoeff Jr.
INDUSTRY NEWS APR 24, 2014
Advisers honored for giving back to their communities

Five singled out; $150,000 donated to charities.

By Liz Skinner
RETIREMENT PLANNING APR 23, 2014
The best- and worst-performing target date funds

By Andrew Leigh
REGULATION AND LEGISLATION APR 23, 2014
Under Finra proposal, brokerages will be forced to conduct background checks on new brokers

Regulator would also cross-check broker disclosures against public court documents.

By Mark Schoeff Jr.
INDUSTRY NEWS APR 23, 2014
Gross prods El-Erian to explain reason for Pimco exit

Bond King challenges former heir apparent to explain departure.

By Gregory Crawford
EQUITIES APR 23, 2014
Investors turn on biotechnology as largest ETF in sector suffers record withdrawals

But analysts divided over longer-term prospects: Some see end of bull market while others see pause.

By Gregory Crawford
BROKER DEALERS APR 23, 2014
Former Vermont securities director joins LPL as a compliance officer

John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'

By Mark Schoeff Jr.