Advisor News

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Boehner, GOP bigs all voted for debt drivers they now blame on Obama
REGULATION AND LEGISLATION JUL 22, 2011
Boehner, GOP bigs all voted for debt drivers they now blame on Obama

Like the President, Republican leaders gave thumbs up to TARP, prescription drug plan, foreign wars; 'plenty of blame to go around'

By John Goff
A bridge loan too far? California aims to borrow $5B to protect against U.S. default
RETIREMENT PLANNING JUL 22, 2011
A bridge loan too far? California aims to borrow $5B to protect against U.S. default

State hedging against possible credit market chaos; lowest-debt rating of all 50 states

By John Goff
Debt deal in Washington could be monumentally bad for clients
RETIREMENT PLANNING JUL 22, 2011
Debt deal in Washington could be monumentally bad for clients

Tax breaks for investments and savings look to be prime targets for lawmakers; 'the fight is coming'

By Mark Schoeff Jr.
Neuberger Berman loses $4M Finra arbitration case
REGULATION AND LEGISLATION JUL 22, 2011
Neuberger Berman loses $4M Finra arbitration case

Neuberger Berman Group LLC, the money manager that was part of Lehman Brothers Holdings Inc., was ordered by an industry regulator to pay about $4 million to three clients who bought structured notes backed by the failed investment bank.

By Mark Bruno
FINTECH JUL 22, 2011
MSSB data breach is a lesson for advisers

The recent data breach involving Morgan Stanley Smith Barney LLC should serve as a warning to financial advisers that important steps need to be taken to improve the security of sensitive client information stored on CD-ROMs

By Davis Janowski
Fidelity adds trading to WealthCentral Mobile
FINTECH JUL 22, 2011
Fidelity adds trading to WealthCentral Mobile

Advisers can conduct transactions over iPhones and Android smart phones

By Bloomberg
SIFMA gives SEC ideas for a new fiduciary standard
REGULATION AND LEGISLATION JUL 21, 2011
SIFMA gives SEC ideas for a new fiduciary standard

Letter details how a universal standard could accommodate brokers

By Doug Cubberley
Mortgage tax break set for the wrecking ball?
RETIREMENT PLANNING JUL 21, 2011
Mortgage tax break set for the wrecking ball?

Poll reveals more Americans willing to give up home-loan interest deduction

By Bloomberg
State regulators aren't nuts about souped-up ETFs
ETFS JUL 20, 2011
State regulators aren't nuts about souped-up ETFs

Leveraged and inverse funds over the head of the average investor, NASAA warns; plenty of fees, too

By Bloomberg
RETIREMENT PLANNING JUL 19, 2011
Gored

The average closing cost on a mortgage jumped from around $3,600 to more than $4,000 this year. It's even more expensive in these ten states.

By John Goff
Workers more likely to retire after strong market performance
RIA NEWS JUL 19, 2011
Workers more likely to retire after strong market performance

Workers are more likely to retire after a period of strong equity returns, but they may be leaving the workplace at a time when their nest eggs are at the most risk.

By Darla Mercado
Boomers not interested in rocking chair retirement
RETIREMENT PLANNING JUL 19, 2011
Boomers not interested in rocking chair retirement

Younger boomers more optimistic about their finances but acknowledge that they will have to work some in retirement

By Darla Mercado
RETIREMENT PLANNING JUL 19, 2011
Advisers: Preparing clients for the worst on taxes

Financial advisers are fairly clear about what is in store for their clients: taxes that are unlikely to go down and may rise.

By Andrew Osterland
GAO's financial advice: Hold off on Social Security, buy an annuity
RETIREMENT PLANNING JUL 19, 2011
GAO's financial advice: Hold off on Social Security, buy an annuity

A new study by the Government Accountability Office predicts that middle-class workers may well outlive retirement savings. The solution, the GAO says, is for workers to hold off on taking Social Security -- and buy annuities.

By John Goff
ALTERNATIVES JUL 19, 2011
David Lerner Associates sued over sales of REITs

David Lerner Associates Inc. has been sued by investors who claim that it acted negligently in the sale and underwriting of more than $6.8 billion in shares of the Apple Real Estate Investment Trusts

By Bloomberg
Meredith Whitney's muni denial doesn't jibe with what ran on 60 Minutes: Mysak
RETIREMENT PLANNING JUL 19, 2011
Meredith Whitney's muni denial doesn't jibe with what ran on 60 Minutes: Mysak

Analyst claims she didn't say what she seemed to have said when she said it on national television

By Joe Mysak
Gold at $2,000? It's getting closer
RETIREMENT PLANNING JUL 18, 2011
Gold at $2,000? It's getting closer

Precious metal gains from race to debase currencies, now tops $1,800; BofA sees it at $2,000 in a year

By John Goff
Default, dear Brutus, could be bad news for money funds
RETIREMENT PLANNING JUL 18, 2011
Default, dear Brutus, could be bad news for money funds

Could put a hole in money-market funds, which hold $760 billion in Treasuries. The question is: should investors pull their money out now just in case lawmakers in Washington don't reach a debt-ceiling agreement by Aug. 2?

By John Goff
Politicos fiddle while bond market burns
REGULATION AND LEGISLATION JUL 18, 2011
Politicos fiddle while bond market burns

Negative yields return, corporate debt's spurned, and money funds churn, as panicked investors seek out less-risky paper

By William D. Cohan
REGULATION AND LEGISLATION JUL 18, 2011
A slow go

In the initial year of Dodd-Frank, which reaches its first anniversary Thursday, regulators overseeing banking, commodities and securities have been pressed to conduct 73 studies and write 400 new rules. As of July 1, only 38 of those rules have been finalized.

By Mark Bruno