Advisor News

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ALTERNATIVES JUN 01, 2011
Sour real estate deals land B-Ds in hot water

Nearly 100 small to midsize independent broker-dealers find themselves in trouble over sales of tenant-in-common exchanges, a form of real estate ownership in which two or more parties hold fractional interests in a property

By Bruce Kelly
ALTERNATIVES JUN 01, 2011
B-Ds in doghouse over failed real estate product

Nearly 100 smaller independent broker-dealers sold TICs -- a real estate investment vehicle -- from an Idaho-based distributor that went bust. Now, a bankruptcy court official is putting the bite on those firms.

By Bruce Kelly
Madoff victims fuming over trustee's $35M legal bill
REGULATION AND LEGISLATION JUN 01, 2011
Madoff victims fuming over trustee's $35M legal bill

A group of “several hundred” former customers of con man Bernard Madoff objected to a request for $34.6 million in legal fees by Irving Picard, the trustee overseeing the Madoff bankruptcy, and his law firm.

By Bloomberg
REGULATION AND LEGISLATION JUN 01, 2011
'Tip from Poppy' firm overcharged clients on muni bonds: Finra

David Lerner Associates Inc., a brokerage firm known for its founder's “Take a tip from Poppy” advertising slogan, was accused by the Financial Industry Regulatory Authority of overcharging customers on sales of municipal bonds and mortgage securities.

By Bloomberg
Dear client: Your home is worth less than you think
RETIREMENT PLANNING MAY 31, 2011
Dear client: Your home is worth less than you think

Home prices in the second quarter fell nearly six percent from the previous year. That's bad news for clients looking to sell right now.

By John Goff
American dream on life support as U.S. moves to 'rentership society'
RETIREMENT PLANNING MAY 31, 2011
American dream on life support as U.S. moves to 'rentership society'

Homeownership rate now below 60%; opportunity for real estate investors?

By John Goff
Most expensive state for mortgage closing? Fuhgettaboudit
RETIREMENT PLANNING MAY 31, 2011
Most expensive state for mortgage closing? Fuhgettaboudit

New York tops the list, according to latest data; average cost up, Dodd-Frank blamed

By John Goff
Jeter fan spurns $250K collectible, gives back milestone ball
RETIREMENT PLANNING MAY 31, 2011
Jeter fan spurns $250K collectible, gives back milestone ball

'Mr. Jeter deserved it,' said Christian Lopez, who snagged Yankees' 3,000 hit; a valuable piece of baseball history

By John Goff
Biggest quarterly sell-off of munis since 1995
RETIREMENT PLANNING MAY 31, 2011
Biggest quarterly sell-off of munis since 1995

Fund firms, individuals cut back dramatically on holdings of tax-exempt debt

By John Goff
RIA NEWS MAY 31, 2011
GOP, Dems on surprising sides of means-testing clash

You had to figure the issue of means testing for entitlement programs would split Republicans and Democrats. And it has -- just not the way you'd think.

By John Goff
Where the world's wealthiest clients are — and will be
RIA NEWS MAY 31, 2011
Where the world's wealthiest clients are — and will be

The cumulative wealth of the world's richest households will more than double, to $202 trillion over the next ten years, according to a study conducted by the Deloitte Center for Financial Services and Oxford Economics.

By Bloomberg
FINTECH MAY 29, 2011
Envestnet to acquire U.S.-based business of FundQuest

Turnkey technology and wealth management provider Envestnet Inc has entered into an agreement to acquire the U.S.-based portion of FundQuest Inc. from BNP Paribas Investment Partners for $24.4 million in cash for all outstanding shares of the firm.

By Davis Janowski
REGULATION AND LEGISLATION MAY 29, 2011
Worts and all: SEC stops bid to fund Pabst purchase over Facebook and Twitter

Ad execs' plan to raise investment funds using social media goes flat as commission steps in

By Liz Skinner
OPINION MAY 29, 2011
Cultural changes overshadow reform

A shift in culture for investment advisers is overtaking regulatory reform in scope and significance

By Blaine F. Aikin
REGULATION AND LEGISLATION MAY 26, 2011
B-Ds to Finra: Back off back-office registration

Broker-dealers, get ready. Your back-office operations are now officially on Finra's front burner

By Dan Jamieson
March of the millionaires on the rise -- particularly in Singapore
RETIREMENT PLANNING MAY 25, 2011
March of the millionaires on the rise -- particularly in Singapore

City-state has highest percentage of millionaire households; China now No.3 in total number of millionaire households

By John Goff
Finra championing adviser SRO — and its own suitability for the job
REGULATION AND LEGISLATION MAY 25, 2011
Finra championing adviser SRO — and its own suitability for the job

But industry participants disagree over which regulator should get the gig; protracted debate expected

By Mark Schoeff Jr.
FINTECH MAY 25, 2011
Webcast transcript: Key findings of the InvestmentNews RIA technology study

The following is an edited transcript of the webcast &#8220;Key Findings of the <i>InvestmentNews</i> RIA Technology Study,&#8221; which was held May 5

By MFXFeeder
Sen. Durbin says Dodd-Frank rollback would kneecap regulators
REGULATION AND LEGISLATION MAY 25, 2011
Sen. Durbin says Dodd-Frank rollback would kneecap regulators

As House Republicans begin to move legislation this week that would roll back parts of the Dodd-Frank financial reform law, a prominent Senate Democrat indicated today that he will fight efforts to scuttle or delay implementation.

By Mark Schoeff Jr.
RIA NEWS MAY 25, 2011
Much-anticipated site for investors good news/bad news for advisers

BrightScope Inc. has launched a free online service that will allow investors to look up financial advisers

By Jessica Toonkel