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INDUSTRY NEWS AUG 28, 2011
Fidelity names Morrison head of fixed income

By Bloomberg
WIREHOUSES AUG 28, 2011
Brokers may find cutting the wire their best move

By Lavonne Kuykendall
INDUSTRY NEWS AUG 28, 2011
Gold market bubble 'poised to burst,' Wells Fargo says

Speculative demand from investors has pushed the gold market into a “bubble that is poised to burst” after prices surged to a record this year, Wells Fargo & Co. said

By Bloomberg
INDUSTRY NEWS AUG 27, 2011
House of cards

The stock market may hit bottom, but home prices sure haven't. On average, houses are selling for nearly 6% less now than they were last summer. Here's the ten states that have seen the biggest declines.

By John Goff
Bottom's up? Stock pessimism reaches high not seen since 2007
EQUITIES AUG 26, 2011
Bottom's up? Stock pessimism reaches high not seen since 2007

Pessimism about U.S. stocks among 120 investment newsletter writers increased the most since July 2007, a bullish signal to analysts who track investor sentiment as a contrarian indicator of share performance.

By Doug Cubberley
Blackstone's Wien talks up stocks
EQUITIES AUG 26, 2011
Blackstone's Wien talks up stocks

Is it time to move back into equities? Insiders are buying for the first time since March 2009, said Blackstone Group's Byron Wien, who predicted on Jan. 3 that 10-year Treasury yields and economic growth will approach 5% this year--usually a good sign.

By Doug Cubberley
INDUSTRY NEWS AUG 26, 2011
A different way to weight the market

Far from being a replacement for the solid foundation of an index based on market capitalization, fundamental index strategies can act as a diversifier by removing some beta or broad market exposure

By Jeff Benjamin
RETIREMENT PLANNING AUG 26, 2011
Pre-retirees are concerned but they aren't panicking

By Lavonne Kuykendall
Forget trying to make money in this climate — just don't lose any: Aberdeen's Stout
INDUSTRY NEWS AUG 25, 2011
Forget trying to make money in this climate — just don't lose any: Aberdeen's Stout

Looking for safe havens; 'lot of hideous things still to come out'

By John Goff
REGULATION AND LEGISLATION AUG 25, 2011
Mounting regs means more costs at money managers

Asset management companies say that greater regulatory burdens are inhibiting growth, although the heightened oversight also may be contributing to a boost in hiring, according to a survey released last week

By Mark Schoeff Jr.
Pennsylvania man admits to role in $18M Ponzi scheme
REGULATION AND LEGISLATION AUG 25, 2011
Pennsylvania man admits to role in $18M Ponzi scheme

Robert Stinson Jr., 56, pleaded guilty in federal court in Philadelphia to 26 charges, including wire fraud, mail fraud, money laundering and bank fraud.

By Doug Cubberley
Madoff trustee settles with Tremont Funds for $1B
RIAS AUG 25, 2011
Madoff trustee settles with Tremont Funds for $1B

The liquidator of Bernard Madoff's firm, Irving Picard, reached a settlement with more than a dozen funds associated with hedge-fund firm Tremont Group Holdings Inc. by accepting a cash payment of more than $1 billion.

By Doug Cubberley
RETIREMENT PLANNING AUG 24, 2011
New list: The largest managers of HNW assets

Money managers ranked by assets from clients with more than $100M.

By Mark Bruno
INDUSTRY NEWS AUG 24, 2011
Portfolio managers reverse course on outlook

Portfolio managers were as shaken as individual investors by the recent market turmoil, according to the results of the latest Bank of America Merrill Lynch global survey of fund managers

By Andrew Osterland
INDUSTRY NEWS AUG 24, 2011
Pessimism rules as portfolio managers reverse course on outlook

Portfolio managers were as shaken as individual investors by last week's market turmoil according to a global survey of fund managers that found that sentiment has taken a sharp turn for the worse.

By Andrew Osterland
Who might pay higher taxes as a result of the debt deal?
RIAS AUG 24, 2011
Who might pay higher taxes as a result of the debt deal?

By Doug Cubberley
RIAS AUG 24, 2011
Special report: Clearing and custody

With the flood of new regulations facing investment advisers, clearing and custody firms are taking on a larger supporting role for their clients.

By Doug Cubberley
REGULATION AND LEGISLATION AUG 23, 2011
Big shift as consumer group gets behind SRO for advisers

Frustrated by ongoing funding challenges at the Securities and Exchange Commission, a consumer group has eased its opposition toward establishing a self-regulatory organization for investment adviser oversight.

By Mark Schoeff Jr.
Three-man race for Finra small-firm seat
INDUSTRY NEWS AUG 23, 2011
Three-man race for Finra small-firm seat

Current governor Norensberg challenged by Davidson, Moloney; BofA's Krawcheck unopposed

By Dan Jamieson
INDUSTRY NEWS AUG 23, 2011
Wisconsin 529 is tops among adviser-sold plans

The Section 529 college savings plan that Wells Fargo Funds Management LLC manages for Wisconsin performed the best of the nation's 35 adviser-sold plans over the past year, according to ratings by Savingforcollege.com

By Liz Skinner