Advisor News

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RIA NEWS MAY 01, 2009
RIAs least likely to use annuities for rollovers

By Jeff Benjamin
REGULATION AND LEGISLATION MAY 01, 2009
Ex-Janus manager sues for $3.8M in wages and compensation

A Denver district court is slated to hear the case Monday of a former employee of Janus Capital Management Group Inc. who charged the firm with breach of contract.

By Sue Asci
WIREHOUSES APR 30, 2009
Schwab sees dollar signs flowing from wirehouse refugees

While new assets heading into The Charles Schwab Corp.'s adviser business slowed in the first quarter, executives for the San Francisco-based company noted that they've had contact with hundreds of advisers — with billions in assets — who are considering going independent.

By Mark Bruno
LIFE INSURANCE AND ANNUITIES APR 28, 2009
Federal insurance regulation is coming, warns a House leader

Delivering a message that his audience probably didn’t want to hear, Paul Kanjorski, D-Penn, chairman of the House Capital Markets Subcommittee, said that federal insurance regulation is inevitable.

By Sara Hansard
REGULATION AND LEGISLATION APR 28, 2009
Planner, adviser coalition seeks new regulator, but not Finra

The Financial Planning Coalition confirmed today that it is promoting a new regulatory board that would come under the jurisdiction of the Securities and Exchange Commission and would regulate anyone who offered any type of financial planning services.

By Lisa Shidler and Jed Horowitz
REGULATION AND LEGISLATION APR 27, 2009
Schumer to include 'say on pay' in bill

Sen. Charles Schumer is planning to introduce legislation which would mandate that public corporations give shareholders an advisory vote on executive compensation.

By Sue Asci
INDEPENDENT BROKER DEALERS APR 26, 2009
Small firms expand into institutional side

Some smaller broker-dealers are weathering tough times by diversifying into the institutional side of the business.

By Dan Jamieson
INDEPENDENT BROKER DEALERS APR 26, 2009
The indie channel's future

Considering the economy, the state of the stock market and the public's perception of Wall Street, the immediate outlook for the independent-brokerage business — like most financial services businesses — is anything but glowing.

By Bruce Kelly
INDEPENDENT BROKER DEALERS APR 26, 2009
Cost of breaking away falls

Brokers who are considering going independent are finding a bright spot amid the gloom: The cost of going it alone is down sharply.

By Lisa Shidler
RETIREMENT PLANNING APR 26, 2009
It's time to 'fix' the 401(k) plan

There is a crisis in defined contribution retirement plans. In addition to devastating market losses, employers are ceasing their matches.

By David B. Loeper
RETIREMENT PLANNING APR 26, 2009
Planners urge enforcer role for CFP Board

With regulation of the financial planning industry all but a certainty, a coalition of industry groups is cobbling together a proposal to make the Certified Financial Planner Board of Standards Inc. the rule setter and enforcer for the nation's hundreds of thousands of unregulated planners.

By Jed Horowitz
RETIREMENT PLANNING APR 26, 2009
Firm lends a helping hand

The idea to offer free financial planning to unemployed professionals came to Robert Fragasso when he was counseling a man who was on the verge of losing his house.

By Charles Paikert
RIA NEWS APR 26, 2009
InvestmentNews joins Moss Adams in independent-firm research effort

<i>InvestmentNews</i> has entered into a partnership with Moss Adams LLP to continue the research and studies conducted and produced by Moss Adams since 1992 on independent financial advisory firms.

By Evan Cooper
RETIREMENT PLANNING APR 26, 2009
Keeping it all in the family can be tricky business

Running a successful family financial advisory business is much tougher than the smiling portraits posted on many firm's websites would lead a client or prospect to believe.

By Bruce Kelly
REGULATION AND LEGISLATION APR 26, 2009
State officials gird for fight against federal risk regulator

State securities officials are lining up against congressional proposals that would create a systemic risk regulator for the financial industry, fearing that it will pre-empt their power.

By Sara Hansard
REGULATION AND LEGISLATION APR 24, 2009
Obama signs bill that strengthens oversight of $787B rescue plan

President Obama today signed into law a bill aimed at strengthening oversight of the $787 billion financial rescue plan.

By Bloomberg
INDEPENDENT BROKER DEALERS APR 24, 2009
Indie growth skids to a halt

The recent fantastic growth among independent broker-dealers came skidding to a halt last year, but the results were far from disastrous for many firms.

By Bloomberg
RETIREMENT PLANNING APR 24, 2009
Financial planning industry groups urge enforcer role for CFP Board

The effort is an attempt by the financial planning industry both to legitimize itself as a regulated profession and reverse the growing impetus of the Financial Industry Regulatory Authority Inc., which oversees securities brokers, to expand its domain to planners and advisers.

By Jed Horowitz
PRACTICE MANAGEMENT APR 24, 2009
Chamber of Commerce asks court to reverse securities decision

A recent decision by a three-judge panel of the federal appeals court in Boston &#8220;dramatically expands securities fraud liability&#8221; and should be reversed, the U.S. Chamber of Commerce said in an amicus brief filed April 22.

By Bloomberg
FINTECH APR 24, 2009
Raymond James, Psyng

Raymond James to offer the Albridge Platform to advisers; News service targets advisers

By Davis Janowski