Advisor News

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RETIREMENT PLANNING MAR 30, 2010
Health-care cost now up to $20.50 an hour at home

While the national average cost of home health care increased last year, expenses vary from city to city.

By Darla Mercado
SIPC warns of web scam targeting Madoff victims
REGULATION AND LEGISLATION MAR 30, 2010
SIPC warns of web scam targeting Madoff victims

Look-alike site claims to have recovered $1.3B stash from a 'Madoff' hideout in Malaysia. It's also offering burned investors a chance to apply for some of that cash.

By InvestmentNews Staff
Bank of America already working on upgrade to its new Financial Wellness Monitor
RETIREMENT PLANNING MAR 30, 2010
Bank of America already working on upgrade to its new Financial Wellness Monitor

Bank of America Merrill Lynch is already planning the next evolution of its Financial Wellness Monitor to be able to score investors' overall financial situation.

By Jessica Toonkel Marquez
REGULATION AND LEGISLATION MAR 30, 2010
Administration pitches funneling repaid TARP funds to local banks

President Barack Obama's bid to sell his economic agenda and re-energize voters picks up in politically significant New Hampshire, where he will again promote an idea to free up money for small businesses that are hurting.

By Associated Press
REGULATION AND LEGISLATION MAR 30, 2010
Financial Crisis 2? TARP cop says sequel a real possibility

The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned. The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.

By Associated Press
FINTECH MAR 30, 2010
Startup taps Facebook, Yahoo to help investors meet money managers

In yet another example of the ever-expanding power of social media, a startup investment platform is hoping to invade the mutual fund industry's turf by hooking up investors directly with money managers via such social-networking websites as Facebook and Yahoo.

By Jeff Benjamin
RETIREMENT PLANNING MAR 29, 2010
California vs Greece? No contest, say bond buyers

Both sovereigns are facing economic woes. Both are facing huge budget gaps. But only one is facing runaway borrowing costs

By Bloomberg
REGULATION AND LEGISLATION MAR 29, 2010
Bank failures rising: Eight states sinking

The FDIC seized another four banks late last week, bringing the year's tally to 41. And there's plenty more where that came from -- especially in these states.

By John Goff
REGULATION AND LEGISLATION MAR 29, 2010
Red-faced governor rejiggers rules after embezzler gets $9.1M 'green' tax credit

Convicted felon owes $96K in restitution to victims -- but still swung a tax break from the state

By Associated Press
FDIC playing dangerous game of kick the can with problem banks, critic says
REGULATION AND LEGISLATION MAR 29, 2010
FDIC playing dangerous game of kick the can with problem banks, critic says

The FDIC labels more than 700 U.S. banks as 'problems'. Nearly 10% could fail. Meanwhile, one analysts claims regulators are hoping the economic turnaround will bail out the bad banks. It better.

By Aaron Elstein
WIREHOUSES MAR 29, 2010
Baird nabs $267M Morgan Stanley Smith Barney team; J.P. Morgan adds 70 advisers

A team of four financial advisers has left Morgan Stanley Smith Barney, where they advised on $267M in client assets, to join the private-wealth-management group at Robert W. Baird & Co., according to a company spokesperson.

By Michelisa Lanche
RETIREMENT PLANNING MAR 28, 2010
Genworth launches another hybrid annuity

Genworth's Total Living Coverage Annuity can also be covered through a tax-free 1035 exchange out of an old annuity or life insurance product.

By Darla Mercado
REGULATION AND LEGISLATION MAR 26, 2010
Obama administration unveils plan to shrink home loans

After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.

By Bloomberg
FundQuest hooks up with Envestnet in IT deal
FINTECH MAR 26, 2010
FundQuest hooks up with Envestnet in IT deal

FundQuest is partnering with Envestnet Asset Management Inc. to offer advisory firms additional IT resources.

By Amanda Fiscina
Dodd bill sails through banking committee
REGULATION AND LEGISLATION MAR 25, 2010
Dodd bill sails through banking committee

Republican members failed to set off any fireworks. Bankers, on the other hand, were quick to torch the bill.

By Associated Press
OPINION MAR 25, 2010
Brokerage Execs: You Ain't Tiger

Your Bad Choices Are Career Killers

By Bloomberg
REGULATION AND LEGISLATION MAR 24, 2010
Ohio adviser/coffee shop investor charged with $39M fraud

The SEC claims the unregistered investment adviser promised clients he'd put their money into safe investments. Instead, he allegedly poured the cash into start-up coffee shops, real estate, and his own pocket.

By Bloomberg
WIREHOUSES MAR 24, 2010
Blog: Morgan Stanley <del>Smith Barney</del>

From this outside perspective, with knowledge gained from talking to dozens of folks on the inside of the firm, MSSB is a joint venture in title only: Morgan Stanley is running the show.

By Mark Bruno
Health care reform: Fast facts on investment income tax and other key changes
RIA NEWS MAR 24, 2010
Health care reform: Fast facts on investment income tax and other key changes

President Barack Obama signed a major health care overhaul bill Today. Here are some of its features, along with details on a package of changes to the legislation under consideration by the Senate this week.

By Associated Press
Health bill's tax toll: What will it mean for the rich?
RIA NEWS MAR 24, 2010
Health bill's tax toll: What will it mean for the rich?

With the passage of the health care bill, investors will see the tax rate on long-term capital gains jump to 23.8%, raising questions for investors looking to protect their assets

By David Hoffman