Advisor News

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REGULATION AND LEGISLATION JUL 12, 2011
NFL players at risk of financial roughing

Several current and former National Football League players recently have found themselves ensnared in alleged Ponzi schemes or legal battles over failed investments

By Bruce Kelly
NFL star sues 'long-term friend' for investment in airplane hangars
PRACTICE MANAGEMENT JUL 12, 2011
NFL star sues 'long-term friend' for investment in airplane hangars

Alex Brown, a defensive end with the New Orleans Saints, is suing his former team of financial advisers, alleging that they “abused the trust” of the player and his wife.

By Bloomberg
Ray of hope? Top college commences with middle-class tuition cap
RETIREMENT PLANNING JUL 11, 2011
Ray of hope? Top college commences with middle-class tuition cap

Middle-class families are quickly being priced out of the top universities. But a bold new program at the University of California at Berkeley -- limiting the total costs for families with modest incomes to 15% of earnings -- offers a ray of hope. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20110711&amp;Category=FREE&amp;ArtNo=711009999&amp;Ref=PH&amp;Params=Itemnr=1>The most expensive state schools &amp;raquo;</a> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111117&amp;Category=FREE&amp;ArtNo=111709999&amp;Ref=PH>Top-rated 529 plans &amp;raquo;</a>

By John Goff
Paterno's home sale legit estate-planning move: Lawyers
RETIREMENT PLANNING JUL 11, 2011
Paterno's home sale legit estate-planning move: Lawyers

Joe Paterno, the under-fire Penn State Nittany Lion coaching legend, has been assailed by some for selling his home to his wife for $1? The claim? Paterno was attempting to shield his assets from potential lawsuits. Not so, say estate lawyers in Pennsylvania. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&amp;Dato=20110711&amp;Kategori=FREE&amp;Lopenr=711009999&amp;Ref=PH>PSU ranked No.1 &#8212; on the list of most expensive state schools &amp;raquo;</a>

By Liz Skinner
Cornhuskers latest to get FDIC-insured option for college savings
RETIREMENT PLANNING JUL 11, 2011
Cornhuskers latest to get FDIC-insured option for college savings

But low-return plan may not be the best bet when dealing with long time horizons; 'not very useful'

By Liz Skinner
Test score 'arms race' leading some colleges to stand down
RETIREMENT PLANNING JUL 11, 2011
Test score 'arms race' leading some colleges to stand down

Increasing number of universities going 'test optional' rather than relying on SATs; high school grades a better predictor

By John Goff
State schools looking better and better to parents
RETIREMENT PLANNING JUL 11, 2011
State schools looking better and better to parents

Out-of-sight tuition has left parents with little choice but to seek new ways to help fund their childrens' college education. One idea that's growing in popularity: crossing private universities off the apply-to list.

By John Goff
College Board's fees testing parents' patience
RETIREMENT PLANNING JUL 11, 2011
College Board's fees testing parents' patience

Critics claim the College Board's charges for entrance and placement exams are getting out of hand. Says one former dean at the University of Chicago: 'The College Board is more interested in marketing and selling things than it is in its primary responsibility, promoting equity and educational opportunity.'

By John Goff
529 plans gaining traction, assets
RETIREMENT PLANNING JUL 11, 2011
529 plans gaining traction, assets

A growing number of people who save for their children's college costs with Section 529 plans are steadily outpacing those parents who do not use these tax advantaged savings plans, according to a new survey by the College Savings Foundation.

By Liz Skinner
Critics slam Finra panel ban plan
REGULATION AND LEGISLATION JUL 11, 2011
Critics slam Finra panel ban plan

Critics skewered a new proposal by Finra to bar ex-officials at the SRO from representing clients in disciplinary hearings conducted by the regulator. So what's all the fuss about?

By Bloomberg
RETIREMENT PLANNING JUL 11, 2011
A league of their own

Tuition for private colleges may be off the chart, but state schools are getting more expensive, too. Here's the ten priciest public colleges.

By John Goff
REGULATION AND LEGISLATION JUL 11, 2011
Senate Republicans prod SEC nominees on Dodd-Frank

The leading Senate Republican on financial issues won't block the confirmation of two Securities and Exchange Commission nominees, though he will push the agency to conduct economic analyses of financial regulations &#8212; a demand that is slowing down the implementation of the Dodd-Frank reform law

By Mark Schoeff Jr.
INDEPENDENT BROKER DEALERS JUL 10, 2011
Small broker-dealers face pressure to merge

For the past 10 years, executives at the largest independent broker-dealers have been predicting a tide of consolidation, with economics forcing smaller firms to shut down or sell out to bigger firms.

By Bruce Kelly
INDEPENDENT BROKER DEALERS JUL 10, 2011
Independent broker-dealers fishing for top talent

Recruiting will become more expensive in 2011 as the fight for top advisers heats up among independent broker-dealers looking to bounce back from a lackluster 2010.

By Bruce Kelly
INDEPENDENT BROKER DEALERS JUL 08, 2011
National Financial Partners acquires Fusion Advisor Network

National Financial Partners, a consolidator of insurance-brokerage and financial-planning firms, has acquired Fusion Advisor.

By FGabriel
RIA NEWS JUL 08, 2011
Fisher's firm to pay $376K to retiree who just wanted his book

By Doug Cubberley
INcite: Fire the Fed, hand keys to OPEC instead
REGULATION AND LEGISLATION JUL 08, 2011
INcite: Fire the Fed, hand keys to OPEC instead

If oil is what drives the U.S. economy, than let's put the real powers-that-be in the driver's seat

By Bloomberg
Barclays adds six advisers to U.S. wealth management team
WIREHOUSES JUL 08, 2011
Barclays adds six advisers to U.S. wealth management team

Barclays Wealth continues to lure advisers focused on ultrahigh-net-worth individuals, announcing six new hires in three East Coast markets.

By Andrew Osterland
FINTECH JUL 07, 2011
Morgan Stanley Smith Barney data theft — yet another reason for advisers to adopt encryption

My favorite-blog-post-title-of-the-year-so-far award goes to Adam Levin, founder and chairman of Credit.com: <a href="//www.credit.com/blog/2011/07/the-morgan-stanley-smith-barney-breach-losing-client-data-the-old-fashioned-way/&quot;" target="&#8221;_blank&#8221;" rel="noopener noreferrer">The Morgan Stanley Smith Barney Breach: Losing Client Data the Old Fashioned Way</a>. Actually, I'm not sure if it is a blog or a true news site, regardless, it is not the typical news outlet you would expect for such a large story.

By Davis Janowski
More pink slips at MSSB? Firm aims to pare costs with adviser cull, tech integration
WIREHOUSES JUL 07, 2011
More pink slips at MSSB? Firm aims to pare costs with adviser cull, tech integration

Bank may cut headcount at its brokerage beyond previously announced targets; underwhelming first quarter

By Andrew Osterland