Advisor News

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OPINION DEC 29, 2008
What investors can learn from Wall Street's failures

What do Wall Street investment banks and retired investors have in common? They both must live off the return on their capital.

By Bloomberg
MUTUAL FUNDS DEC 24, 2008
SEC mulls enforcement action against Reserve

Staff at the SEC’s Division of Enforcement has informed Reserve Management that it intends to recommend that the SEC bring an enforcement action against the company for violating federal securities laws.

By Bloomberg
WIREHOUSES DEC 19, 2008
Wirehouses dodge major Madoff fallout

The wirehouses appear to have escaped major exposure to Bernard Madoff's alleged Ponzi scheme.

By Bloomberg
FINTECH DEC 19, 2008
Yahoo launches center for currency investors

New features include rates tables with flat rates and cross rates of most-traded currencies and currency pairs, a global economic calendar that lists major economic events that affect currencies and allows filtering by country.

By Bloomberg
RETIREMENT PLANNING DEC 19, 2008
Don't scrap 401(k)s, ICI president says

The mutual fund industry today attempted to make a pre-emptive strike against congressional efforts to reduce tax breaks for 401(k) plans or to make major changes in the system.

By Bloomberg
RETIREMENT PLANNING DEC 18, 2008
Target date funds gain traction in 401(k)s

More than 7% of 401(k) assets were invested in target date funds at the end of 2007 and 25% of 401(k) participants held the funds, according to an analysis released today.

By Bloomberg
WIREHOUSES DEC 18, 2008
Opinion: Is Schapiro up to the job?

Does Mary Schapiro have the right stuff to take on the big firms? Although praise is coming in from many quarters for the nomination of the Finra chief to head up the Securities and Exchange Commission, there may be cause for concern.

By Bloomberg
REGULATION AND LEGISLATION DEC 18, 2008
Finra chief tapped to head up regulator

President-elect Barack Obama has nominated Mary Schapiro, the chief executive of the Financial Industry Regulatory Authority Inc. of New York and Washington, as chairwoman of the Securities and Exchange Commission.

By Bloomberg
OPINION DEC 16, 2008
Reaping high-dividend income with ETFs

By Bloomberg
OPINION DEC 14, 2008
A year of painful lessons

Investors will be glad to see the end of 2008 — a year that may live in infamy as one that was marked by the worst investment returns since the Great Depression.

By MFXFeeder
OPINION DEC 12, 2008
Trust wording can avoid big tax bill

By Bloomberg
RETIREMENT PLANNING DEC 12, 2008
IRS cuts non-profits slack on 403(b) regs

Those regs, slated to go into effect Jan. 1, require that retirement plans run by non-profit groups must have new plan document rules in place.

By Bloomberg
FINTECH DEC 12, 2008
Technology forum launched for indies

Several third-party technology providers have banded together and this week launched a new forum to help educate and assist newly independent advisers in their selection of software, hardware and other technology components to complete their back offices.

By Bloomberg
REGULATION AND LEGISLATION DEC 11, 2008
House passes plan to suspend retirement tax

Excise taxes imposed on retirement savings account holders who do not take minimum distributions by age 70½ would be suspended for 2009 under legislation unanimously approved last night by the House of Representatives.

By Bloomberg
RIA NEWS DEC 09, 2008
Pershing escalates pitch for 'breakaway brokers'

Pershing LLC, the securities clearing and RIA custody affiliate of The Bank of New York Mellon Corp., has set up a website and suite of tools for stockbrokers who are considering shifting from large broker-dealers to other business models.

By Bloomberg
RETIREMENT PLANNING DEC 08, 2008
Fidelity and Amex team to bolster IRAs

Fidelity Investments of Boston today launched a program that allows investors to save for retirement while spending money.

By Bloomberg
OPINION DEC 07, 2008
Give clients the confidence they need

The end of each year is a time of reflection and anticipation.

By Bloomberg
WIREHOUSES DEC 07, 2008
Transcript: Wirehouse/Regional Brokerage FIrms Round Table

The following is an edited transcript of the round-table discussion.

By MFXFeeder
REGULATION AND LEGISLATION DEC 07, 2008
Busted brokers continue bilking clients at new firms

Despite intense pressure from regulators to tighten recruiting standards for brokers with marks on their records, these bad apples are still being hired by new firms, recent cases illustrate.

By Bloomberg
OPINION DEC 07, 2008
Obama must look to private sector for economic team

Where are the advocates for businesspeople and investors in President-elect Barack Obama's incoming administration?

By MFXFeeder