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Rep. Ann Wagner gets three other House members to call on DOL to withdraw fiduciary proposal
RETIREMENT PLANNING AUG 10, 2015
Rep. Ann Wagner gets three other House members to call on DOL to withdraw fiduciary proposal

Rep. Ann Wagner and three colleagues on the House Financial Services Committee are seeking additional signatories on letter to Labor Secretary Thomas Perez.

By Mark Schoeff Jr.
RIAS AUG 09, 2015
American Funds making inroads with fee-based advisers

In its sales turnaround, third largest U.S. fund company relies on retention of existing advisers and lower-cost share classes.

By Trevor Hunnicutt
Global markets quake as China devalues its currency
INDUSTRY NEWS AUG 09, 2015
Global markets quake as China devalues its currency

The central bank cut its daily reference rate by 1.9%, triggering the yuan's biggest one-day drop since China ended a dual-currency system in January 1994.

By Bloomberg
RIAS AUG 09, 2015
Custodians try to entice breakaways with substantial perks

More deal sweeteners are being used by custodians to lure big breakaway teams. </br><b><i>(Plus: <a href=&quot;http://www.investmentnews.com/section/specialreport/20150809/CLEARING&quot; target=&quot;_blank&quot;>Our special report on custodians and clearing firms</a>)</b></i>

By Mason Braswell
OPINION AUG 09, 2015
Stock buybacks: Who benefits?

Advisers should thoroughly vet every share repurchase offer in light of each client's unique situation

By MFXFeeder
Custodians and clearing firms ranked by number of clients
RIAS AUG 09, 2015
Custodians and clearing firms ranked by number of clients

New data gathered by <i>InvestmentNews</i> shows how these firms stack up

By InvestmentNews Data
The Fed's rate-hike plan now sees an obstacle in the form of China
EQUITIES AUG 08, 2015
The Fed's rate-hike plan now sees an obstacle in the form of China

<i>Breakfast with Benjamin</i>: China could stand in the way, as their market struggles create a risk of tightening into a slowing global economy.

By Jeff Benjamin
Amazon's less-than-generous 401(k) plan
RETIREMENT PLANNING AUG 07, 2015
Amazon's less-than-generous 401(k) plan

The online retail giant's retirement program includes company matches made entirely in Amazon stock.

By Bloomberg
RETIREMENT PLANNING AUG 07, 2015
Neil Young joins Hawaii homesellers listing big estates

The legendary singer-songwriter is selling his $24.5 million Waialea Bay property with a five-bedroom beach house, two guest cottages and 830 feet of ocean frontage.

By Bloomberg
RETIREMENT PLANNING AUG 07, 2015
Kick your kids out of the house without feeling guilty

Jobs and wages are rebounding &amp;mdash; time to get those millennials out on their own.

By Liz Skinner
No Social Security cost-of-living adjustment expected for 2016
RETIREMENT PLANNING AUG 07, 2015
No Social Security cost-of-living adjustment expected for 2016

High-income retirees could see net benefits decline as their Medicare premiums rise.

By Mary Beth Franklin
Retirement accounts are hitting new highs, which is good news for advisers
EQUITIES AUG 07, 2015
Retirement accounts are hitting new highs, which is good news for advisers

<i>Breakfast with Benjamin</i>: Investors are really starting to sock money away for retirement, which is good news for advisers.

By Jeff Benjamin
BROKER DEALERS AUG 07, 2015
Cetera closing J.P. Turner, offering some brokers jobs at Summit

CEO Larry Roth claims the move is not part of any widespread consolidation within RCAP's retail brokerage division.

By Bruce Kelly
INDUSTRY NEWS AUG 07, 2015
Many millennials don't realize they have a ton of stock

The growing trend of 401(k) plans that automatically enroll participants in target-date funds means that young workers may have more invested in equities than they're comfortable with.

By Bloomberg
Sen. Warren attacks SEC chairwoman White's leadership
PRACTICE MANAGEMENT AUG 07, 2015
Sen. Warren attacks SEC chairwoman White's leadership

Says top regulator is not pressing for admission of guilt in enforcements, and granting too many waivers.

By Mark Schoeff Jr.
INDUSTRY NEWS AUG 06, 2015
Meredith Whitney returns, this time managing money at an insurance company

After her hedge fund didn't work out, the banking analyst is now overseeing an equity portfolio for a Bermuda-based insurer.

By Bloomberg
Ex-JPMorgan banker partnered with his dad in a multi-year insider-trading ring
EQUITIES AUG 06, 2015
Ex-JPMorgan banker partnered with his dad in a multi-year insider-trading ring

<i>Breakfast with Benjamin</i> The banker was caught sharing insider information with his dad, who then used golf jargon to try and disguise the scheme.

By Jeff Benjamin
Michael Kitces' weekend reading for financial advisers
RETIREMENT PLANNING AUG 06, 2015
Michael Kitces' weekend reading for financial advisers

Pimco gets put on notice, the latest twist in the CFP Board-Camarda battle, and the rest of the week's must-reads for advisers

By mkitces
Stay calm and don't worry about the jobs report
EQUITIES AUG 06, 2015
Stay calm and don't worry about the jobs report

<i>Breakfast with Benjamin</i>: A modest change in employment data won't change the Fed's course.

By Jeff Benjamin
RETIREMENT PLANNING AUG 06, 2015
Ask the Adviser: Can I really afford that vacation home?

You've picked your favorite vacation destination, visited multiple times and gotten to know the town. Now here's how to make that second home a permanent reality.

By Joe O'Boyle