Advisor News

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RETIREMENT PLANNING OCT 02, 2009
“Roth revolution” just around the corner, adviser predicts

The elimination of the income limit on Roth IRA conversions starting next year could lead to a “Roth revolution,” according to David Polstra, a partner at the advisory firm Brightworth Private Wealth Counsel.

By Jeff Benjamin
FINTECH OCT 01, 2009
Ebix shells out $50M SmartOffice provider E-Z Data

E-Z Data Inc. —the company behind SmartOffice a web-based customer relationship management application used by investment advisers— was acquired today by Ebix, Inc. for $50 million.

By Davis Janowski
OPINION OCT 01, 2009
Good People Have Options

Both good companies and troubled companies have some lessons to learn

By Danny Sarch
REGULATION AND LEGISLATION OCT 01, 2009
IAA backs Obama on banning mandatory securities arbitration

The Investment Adviser Association supports the Obama's administration's efforts to ban mandatory arbitration clauses in securities contracts.

By Sara Hansard
FINTECH OCT 01, 2009
DbFX using Twitter, other social media to entice FX traders

It seems that every corner of the financial services industry is starting to make use of social media.

By Davis Janowski
REGULATION AND LEGISLATION OCT 01, 2009
Kanjorski: SEC should define fiduciary standard

The Securities and Exchange Commission would be expected to define a fiduciary standard that would be applied to brokers and investment advisers, according to draft legislation released this afternoon by House Capital Markets Subcommittee Chairman Paul Kanjorski, (D-Penn.).

By Sara Hansard
REGULATION AND LEGISLATION SEP 30, 2009
In first, Conn. sues Moody's and S&P over CMO ratings

In a lawsuit filed today, State Attorney General Richard Blumenthal says the two companies knowingly assigned false ratings to securities tied to subprime mortgages.

By Bloomberg
FINTECH SEP 30, 2009
SunGard gains beefs up ETF retirement plan system

Software and IT services giant SunGard Data Systems Inc. has partnered with four third-party administrators including: APA Benefits Inc., CMC Interactive LLC, Ingham Retirement Group, and KTRADE to provide<a href=&quot;http://sungard.com/financialsystems/productofferings/wmexchgtradfundssolution.aspx&quot; target=&#8221;_blank&#8221;> SunGard's Exchange Traded Funds solution</a> launched in July in conjunction with iShares.

By Bloomberg
FINTECH SEP 30, 2009
Version 3.0 of Advent's Revenue Center out today

Advent Software Inc. unveiled version 3.0 of its Advent Revenue Center product today.

By Davis Janowski
RIA NEWS SEP 29, 2009
$900M Merrill Lynch team strikes out on its own

A prominent wirehouse rep and his Hawaii-based team &#8212; <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090929/FREE/909299980&amp;ht=choy>who rather suddenly left</a> Merrill Lynch &amp; Co. Inc. in September &#8212; have formed a new advisory firm.

By Bloomberg
RETIREMENT PLANNING SEP 29, 2009
Virtual adviser to the mass affluent gets a little more sophisticated

Back in May, we introduced you to <a href="//www.investmentnews.com/apps/pbcs.dll/article?AID=/20090501/REG/905019982&amp;ht=SimpliFi&quot;" target="&#8221;_blank&#8221;" rel="noopener noreferrer">Sophie</a>, SimpliFi's free virtual financial planner. Well, Sophie's grown up since then. As of today, she's gotten a lot more sophisticated, at least for the customers of financial institutions such as credit unions and banks that provide SimpliFi LLC's Planning Service Plus to their customers.

By Davis Janowski
RETIREMENT PLANNING SEP 29, 2009
Advisers leaving clients in the dark about Roth conversions, poll shows

The majority of investors who work with advisers are not aware that income limits associated with the conversion of a traditional IRA to a Roth IRA will be lifted in January, according to a survey conducted by Fidelity Investments.

By Bloomberg
FINTECH SEP 27, 2009
First Allied to offer Pershing platform to attract dually registered advisers

In an effort to attract stockbrokers who are migrating to a fee-based advisory practice, First Allied Securities Inc., this week will introduce a &#8220;hybrid&#8221; operational platform that has been engineered by Pershing LLC.

By Jed Horowitz
RETIREMENT PLANNING SEP 27, 2009
401(k) balance tipping to the young

Same market, different outcome.

By Sara Hansard
REGULATION AND LEGISLATION SEP 27, 2009
ING adviser vies for Senate seat in Arkansas

Buddy Rogers, who officially tossed his hat into the ring last week for a U.S. Senate seat in Arkansas, thinks that there is one important constituency that need a stronger voice in Congress right now: the financial advisory community.

By Sue Asci
OPINION SEP 27, 2009
Making 20 years of hindsight pay off

I recently cleaned out some old files in my home office and pulled out some account statements from 2000.

By Brad McMillan
REGULATION AND LEGISLATION SEP 27, 2009
Fiduciary issue likely to land in SEC's lap

Although a House Financial Services subcommittee plans to discuss adviser issues at a hearing on Oct. 6, it's unlikely Congress will debate the fine points of adopting a fiduciary standard for all financial advisers.

By Sara Hansard And Jed Horowitz
FINTECH SEP 25, 2009
A smartphone app for the smart adviser: Texas Instruments hops on the iPhone bandwagon

I'm willing to bet that a number of advisers have a venerable Texas Instruments Inc.<a href="//education.ti.com/educationportal/sites/US/productDetail/us_baii_plus.html&quot;" target="&#8221;_blank&#8221;" rel="noopener noreferrer">BA II</a> calculator either sitting on their desk, or in a nearby drawer. I'd also be willing to bet that most of you are too self-conscious to be seen in public with it.

By Davis Janowski
OPINION SEP 24, 2009
Arrogance Is Out

A CEO of one of the independent brokerage shops told me a story the other day.

By DSARCH
WIREHOUSES SEP 24, 2009
Ex-Pru broker gets 2 months for fraudulent trading

A former broker at Prudential Securities Inc. charged with fraudulently trading mutual funds for millions of dollars in commissions has been sentenced to two months in a halfway house.

By Bloomberg