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Schwab launches bundled 401(k) product
RETIREMENT PLANNING JAN 05, 2012
Schwab launches bundled 401(k) product

Schwab's bundled 401(k), Index Advantage, will offer 40 low-cost funds covering about 16 asset classes

By Dan Jamieson
INDUSTRY NEWS JAN 05, 2012
How consumers rate the discount brokerages

Consumer Reports sheds light on what investors think of the nine largest discount brokerages.

By Mark Bruno
INDUSTRY NEWS JAN 05, 2012
UBS lands $6.3M Merrill Lynch team

UBS AG announced the hiring of a top-producing three-man team from Bank of America Merrill Lynch today.

By Andrew Osterland
EQUITIES JAN 05, 2012
Tom Forester: Finding value in playing defense

The uncertainty in Europe has pushed the Forester Value Fund Ticker:(FVALX) into a defensive mode, but that's far from sitting on the sidelines, according to Tom Forester.

By Jeff Benjamin
Buffett no match for S&P 500 in 2011
INDUSTRY NEWS JAN 04, 2012
Buffett no match for S&P 500 in 2011

Warren Buffett, the billionaire investor who has highlighted his record of beating the market when stocks languish, oversaw a decline last year as the Standard & Poor's 500 Index ended unchanged.

By Mark Bruno
REGULATION AND LEGISLATION JAN 04, 2012
Spencer Bachus: Ready to listen, fight Dodd-Frank

After regaining the House majority in last year's elections, Republicans haven't been shy about raising their newfound voices.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION JAN 04, 2012
Phyllis Borzi: Her fiduciary fight is far from over

The financial services industry may have thought it notched a win when Assistant Labor Secretary Phyllis Borzi pulled a proposed regulation that would have expanded the definition of “fiduciary” when giving advice to a retirement plan.

By Darla Mercado
REGULATION AND LEGISLATION JAN 04, 2012
Richard Ketchum: A man, a plan, an expansion

Finra chief executive Richard Ketchum has a lot on his plate — a situation for which he has no one to blame but himself.

By Dan Jamieson
Advisory firms would pay twice as much with Finra as regulator: Study
REGULATION AND LEGISLATION JAN 04, 2012
Advisory firms would pay twice as much with Finra as regulator: Study

Industry-sponsored research says cost to firms would skyrocket if SEC is replaced by SRO

By Mark Schoeff Jr.
BROKER DEALERS JAN 04, 2012
Indie status of reps in Calif. could have wide implications

A battle in California over whether representatives at two broker-dealers are employees or independent contractors could have far-reaching implications at independent broker-dealers across the country

By Darla Mercado
LIFE INSURANCE AND ANNUITIES JAN 04, 2012
Lawyer bet on terminally ill to gain their death benefits: U.S. Attorney

Caramadre faces indictment over alleged scheme that purportedly sought out those with less than six months to live; lawyer says 'insurance industry upset it got beat at its own game'

By Darla Mercado
Like comedy, secret to Social Security is timing
RETIREMENT PLANNING JAN 04, 2012
Like comedy, secret to Social Security is timing

Knowing when to apply for benefits can greatly alter what you get

By Darla Mercado
LIFE INSURANCE AND ANNUITIES JAN 04, 2012
Lifetime-income options pose benchmarking puzzle

As insurers find new ways to provide workers with a steady stream of income through their retirement plans, financial advisers are grappling with how best to benchmark these products against one another

By Darla Mercado
Social Security beneficiaries to receive 3.6% increase
RIAS JAN 04, 2012
Social Security beneficiaries to receive 3.6% increase

Fifty-five million Social Security beneficiaries can look forward to a 3.6% cost-of-living adjustment in 2012.

By Bloomberg
BROKER DEALERS JAN 04, 2012
Sterne Agee seen continuing push in indie B-D market

The independent-contractor-brokerage industry continues to see consolidation.

By Bruce Kelly
BROKER DEALERS JAN 04, 2012
Legent Clearing about to be bought?

Rumors are swirling that Legent Clearing LLC is about to be bought by private-equity investors — just months after a previous attempt to buy the firm failed.

By Jessica Toonkel
MetLife's bank divestment a mixed blessing for ratings: Analysts
LIFE INSURANCE AND ANNUITIES JAN 03, 2012
MetLife's bank divestment a mixed blessing for ratings: Analysts

Moody's: Bank sale eliminates Fed oversight but gives Met competitive chops

By Bloomberg
PRACTICE MANAGEMENT JAN 03, 2012
A holiday poem — from a headhunter?

Twas the week after Christmas, with most of Wall Street away – Except perhaps Regions bank – Who is buying Morgan Keegan today?

By Danny Sarch
MF Global clients get back 72 cents on the dollar
INDUSTRY NEWS JAN 03, 2012
MF Global clients get back 72 cents on the dollar

Judge OKs final distribution to customers; dispute over five gold bars

By John Goff
Warren Buffett's successor? His son (kind of)
INDUSTRY NEWS JAN 03, 2012
Warren Buffett's successor? His son (kind of)

In an upcoming segment on CBS' "60 Minutes", Berkshire Hathaway chairman Warren Buffett noted that he would like his son Howard -- a farmer -- to take over the company after he dies.

By Mark Bruno