Advisor News

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RETIREMENT PLANNING NOV 19, 2007
A reversal of policy on rollovers

The Pension Protection Act of 2006 included a provision that would permit non-spouse plan beneficiaries to transfer assets directly from the plan to a properly titled inherited individual retirement account.

By Investment News Team
REGULATION AND LEGISLATION NOV 19, 2007
Chinese banks said to freeze lending

Regulators have asked local banks and foreign banks’ Chinese subsidiaries to ensure that loans at year’s end do not exceed the total outstanding by Oct. 31.

By Bloomberg
OPINION NOV 19, 2007
Including health care in financial plans

Health-care spending for people under 65 is growing faster than for those over the "magic" number.

By Investment News Team
RETIREMENT PLANNING NOV 19, 2007
Lawyers fear service providers may be made fiduciaries

The greatest risk facing the 401(k) system is that plan service providers will be declared legal fiduciaries as a result of litigation.

By Bloomberg
OPINION NOV 16, 2007
Early Withdrawal of Retirement Assets under Section 72(t)

By Bloomberg
FINTECH NOV 12, 2007
Are you ready for cost basis reporting?

A "nightmare" is how Shami Kaur, an adviser and certified financial planner with SK Financial Alliance in Cedar Knolls, N.J., describes dealing with cost basis issues and their tax ramifications.

By Investment News Team
WIREHOUSES NOV 12, 2007
Brokerage turmoil hits reps in pocketbook

As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.

By Bloomberg
INDEPENDENT BROKER DEALERS NOV 12, 2007
Independent brokers set marks, reach milestones

A number of top independent-contractor broker-dealers have recently reached a variety of records and milestones, from best-ever revenue to increasing revenue from fees rather than commissions.

By Bloomberg
OPINION NOV 12, 2007
Skepticism, savvy needed in the boardroom

The subprime-mortgage fiasco has revealed several flaws in the financial system that must be corrected if similar disasters are to be avoided in the future.

By Investment News Team
OPINION NOV 12, 2007
Industry airheads inflated the subprime bubble

The subprime-mortgage meltdown, which has triggered a larger meltdown throughout the credit markets, is the latest example of grand-scale faulty logic and short-term thinking.

By Bloomberg
REGULATION AND LEGISLATION NOV 09, 2007
AMT debate could delay filers

The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.

By Bloomberg
RETIREMENT PLANNING NOV 08, 2007
Users happy with automatic enrollment

Almost all adults enrolled in an automatic enrollment 401(k) plan are glad their companies offer the service.

By D Hampton
WIREHOUSES NOV 08, 2007
Moody's on Fidelity: A mixed bag

Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.

By Bloomberg
WIREHOUSES NOV 08, 2007
Merrill bleeds more subprime losses

The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.

By Bloomberg
RETIREMENT PLANNING NOV 07, 2007
Helping advisers capture 401(k) rollovers

John Hancock's new program is designed to help 401(k) plan advisers capture and retain rollover assets.

By Bloomberg
REGULATION AND LEGISLATION NOV 06, 2007
Tax bill 'dead on arrival,' says McCrery

A bill that would protect 21 million taxpayers from paying the AMT “will not become law,” said the congressman.

By Bloomberg
WIREHOUSES NOV 05, 2007
Merrill reps upbeat about post-O'Neal era

Brokers at Merrill Lynch & Co. Inc. of New York are upbeat about the prospects for their company following the departure of chief executive E. Stanley O'Neal last week.

By Bloomberg
RETIREMENT PLANNING NOV 05, 2007
Connecticut is now the nest egg state

Connecticut is the top-scoring state, and Los Alamos, N.M., is the top-scoring community, for personal-savings and investing behavior, according to A.G. Edwards & Sons Inc.

By Bloomberg
OPINION NOV 05, 2007
On being a leader and a fiduciary

When preparing to depart from a meeting or other encounter with a senior officer, it is a still-practiced naval tradition for junior officers to make the request, "By your leave, sir/madam."

By Investment News Team
FINTECH NOV 05, 2007
PNC's deal for Albridge raising some concerns

While The PNC Financial Services Group's announcement last week that it is set to acquire Albridge Solutions Inc. was applauded by many in the financial advisory industry, some raised concerns that the planned merger might prove less than a panacea.

By Bloomberg