Advisor News

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FINTECH JUL 18, 2011
Custodians putting all the technology pieces together

While both custodians bristle at any suggestion of a race, Schwab Institutional and TD Ameritrade Institutional are charging ahead in their efforts to deliver a unified technology platform to their registered investment adviser clients.

By Davis Janowski
FINTECH JUL 17, 2011
HNW to advisers: Pick up an iPad already

Wealthy investors love their iPads and want their financial advisers to use them too, according to a recent study by Cisco Systems Inc.

By Lavonne Kuykendall
REGULATION AND LEGISLATION JUL 17, 2011
Wedbush ordered to pay $3.5M for 'morally reprehensible failure'

Wedbush Securities Inc. was ordered to pay former municipal bond trader Stephen Kelleher $3.5 million for failing to give him years' worth of incentive-based compensation he was owed

By Liz Skinner
REGULATION AND LEGISLATION JUL 17, 2011
Investment nightmare not over for NFL player

A lawsuit by an NFL player against his investment advisers that was settled months ago has come back to life

By Bruce Kelly
REGULATION AND LEGISLATION JUL 15, 2011
SIFMA gives SEC ideas for a new fiduciary standard

By Doug Cubberley
House GOP uneasy over fiduciary rule
REGULATION AND LEGISLATION JUL 15, 2011
House GOP uneasy over fiduciary rule

Republicans on the House Financial Services Committee are watching carefully to see how the SEC proceeds with a rule that would subject broker-dealers to a fiduciary duty.

By Mark Schoeff Jr.
CFTC to enact Dodd-Frank rule aimed at retail-commodities trading
REGULATION AND LEGISLATION JUL 15, 2011
CFTC to enact Dodd-Frank rule aimed at retail-commodities trading

A rule aimed at protecting small investors who buy U.S. commodity contracts from retail brokers will go into effect.

By Doug Cubberley
FINTECH JUL 15, 2011
Advisers, speak directly to the advisory tech industry: Take this easy, multiple-choice, five-minute survey

Hi folks, Davis Janowski, technology reporter with InvestmentNews here. We have created a short, simple survey for advisers in order to determine how many of you use which products and vendors and gauge your level of satisfaction with them. This will not only help me with my stories and columns but give you, the advisers, a sense of the popularity and market share they have.

By Davis Janowski
REGULATION AND LEGISLATION JUL 15, 2011
Crisis cop sought to aid Dodd-Frank repeal, e-mails show

A Republican commissioner on the Financial Crisis Inquiry Commission urged his colleagues to make sure the panel's conclusions would “not undermine” his party's efforts in the U.S. House to change or repeal the Dodd-Frank Act.

By Doug Cubberley
REGULATION AND LEGISLATION JUL 14, 2011
BNY Mellon engaged in 'multipronged campaign of deception': NY state

Claim custody bank defrauded customers in foreign currency transactions; 'virtually worst rates of the day'

By John Goff
George Soros ditches hedge fund empire for — a family office?
RETIREMENT PLANNING JUL 14, 2011
George Soros ditches hedge fund empire for — a family office?

Legendary investor George Soros is trading in his hedge fund firm for -- a family office. Of course, this family office boasts $24 billion in assets under management.

By John Goff
RIA NEWS JUL 14, 2011
Tougher 401(k) rules seen as 'full employment act' for RIAs

As the Labor Department prepares to issue stricter rules for the retirement fund industry, financial advisers at RIA firms are licking their chops over the prospect of poaching business from broker-dealers and insurance agents

By Dan Jamieson
FINTECH JUL 13, 2011
Retirement planner reaches for the cloud

By Davis Janowski
401(k) expense ratios down — except for bond funds
RETIREMENT PLANNING JUL 13, 2011
401(k) expense ratios down — except for bond funds

Fees fall for stock and money market funds; charges for fixed-income offerings hold steady

By Darla Mercado
Senate Democrats seek to thaw House GOP freeze on SEC budget
REGULATION AND LEGISLATION JUL 13, 2011
Senate Democrats seek to thaw House GOP freeze on SEC budget

An attempt by House Republicans to freeze the Securities and Exchange Commission's budget will meet resistance in the Senate, where the Democratic majority will seek to give the agency the increase recommended in the Obama administration budget.

By Mark Schoeff Jr.
RETIREMENT PLANNING JUL 13, 2011
Guidance imminent on 401(k) income products

The Treasury Department will soon offer guidance on lifetime income options in 401(k) plans with the aim of curbing the number of individuals who are likely to outlive their retirement savings.

By Liz Skinner
MUTUAL FUNDS JUL 13, 2011
12(b)-1 ruling eases fund firms', B-Ds' worries - for now

By Jessica Toonkel
REGULATION AND LEGISLATION JUL 13, 2011
B-D compliance burden growing, Pershing says

By Dan Jamieson
REGULATION AND LEGISLATION JUL 13, 2011
Ketchum: Finra is beefing up its examination program

The following remarks were delivered May 24 by Richard G. Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority Inc., at its annual meeting in Washington

By MFXFeeder
Tax breaks for the well-off likely to be cut off
REGULATION AND LEGISLATION JUL 13, 2011
Tax breaks for the well-off likely to be cut off

Advisers, start planning now. According to a retirement policy expert, deficit pressures in Washington leave little room for further extensions of tax breaks in 2013.

By Darla Mercado