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Barclays adds six advisers to U.S. wealth management team
WIREHOUSES JUL 08, 2011
Barclays adds six advisers to U.S. wealth management team

Barclays Wealth continues to lure advisers focused on ultrahigh-net-worth individuals, announcing six new hires in three East Coast markets.

By Andrew Osterland
INDUSTRY NEWS JUL 08, 2011
Buffett to block backdoor bets on Berkshire Hathaway

Investors who couldn't afford to buy Berkshire shares bought cheaper Wesco stock as proxy; now, the Oracle taking Wesco private

By John Goff
LIFE INSURANCE AND ANNUITIES JUL 08, 2011
California insurance czar probes 10 insurers over lapsed policies

A slate of major life insurers — the 10 largest doing business in California — are under investigation for the way they handle dormant life insurance policies

By Darla Mercado
RIAS JUL 08, 2011
Return to big brokerage platforms revives SunAmerica

SunAmerica Annuity and Life Assurance Co. is back in the fight in variable annuity sales after being dropped from or ignored on platforms for the past few years

By Darla Mercado
More pink slips at MSSB? Firm aims to pare costs with adviser cull, tech integration
WIREHOUSES JUL 07, 2011
More pink slips at MSSB? Firm aims to pare costs with adviser cull, tech integration

Bank may cut headcount at its brokerage beyond previously announced targets; underwhelming first quarter

By Andrew Osterland
Gross: Entitlement liabilities 'a staggering obituary'
INDUSTRY NEWS JUL 07, 2011
Gross: Entitlement liabilities 'a staggering obituary'

At the Morningstar conference, bond king and occasional buzzkill Bill Gross stayed on point, labeling the government's $100 trillion entitlement liability 'a staggering obituary.' He also defended his bearish views on Treasuries, despite the recent rally in the instruments.

By Lavonne Kuykendall
Morgan Stanley's Gorman 'checkmated' by UBS, Bank of America: Analyst
INDUSTRY NEWS JUL 07, 2011
Morgan Stanley's Gorman 'checkmated' by UBS, Bank of America: Analyst

Analyst Brad Hintz says Morgan Stanley boss James Gorman won't try to reign in comp costs at MSSB anytime soon. Why? Because UBS' Bob McCann and BofA's Sallie Krawcheck are on the prowl for the brokerage's talent.

By John Goff
INDUSTRY NEWS JUL 07, 2011
Fastest growing firms? Not your father's fund company

The fastest growing mutual fund companies have one thing in common: They are anything but just plain-vanilla stock and bond asset management firms.

By Jeff Benjamin
Why everybody loses in 2011: Ken Fisher
INDUSTRY NEWS JUL 07, 2011
Why everybody loses in 2011: Ken Fisher

Both bulls in bears will be disappointed, billionaire investment manager predicts

By John Goff
INDUSTRY NEWS JUL 07, 2011
Ken Fisher on Pimco's new normal: 'Idiotic'

Billionaire investor says next decade will be as good as 1990s; 'we are chimpanzees with no memory'

By Bloomberg
INDUSTRY NEWS JUL 06, 2011
Peter Schiff: The fix is in

This week's wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of America's troubled economy.

By Peter Schiff
RETIREMENT PLANNING JUL 06, 2011
A league of their own: Priciest private colleges

The latest data on the most expensive private colleges in the U.S. offers up a a reminder of how dear higher education has become.

By John Goff
Wallflowers no more, investors demand more alternative strategies
RIAS JUL 06, 2011
Wallflowers no more, investors demand more alternative strategies

By Darla Mercado
Time to hop on stocks? Birinyi, others say yes
INDUSTRY NEWS JUL 05, 2011
Time to hop on stocks? Birinyi, others say yes

Fears about the economy and Uncle Sam's AAA rating have rocked the equity markets, wiping out all the gains generated in the 2011 large-cap rally. But Laszlo Birinyi and other top stock pickers aren't panicked. In fact, they believe the correction is nearing its end.

By John Goff
Investors digging precious metals as faith in paper currency 'rapidly ebbing'
INDUSTRY NEWS JUL 05, 2011
Investors digging precious metals as faith in paper currency 'rapidly ebbing'

Debt woes in Europe -- along with the risk of a U.S. default -- has investors digging precious metals. Gold, silver and palladium futures surged in intraday-trading, with gold getting close to $1,600 an ounce.

By John Goff
Gross' Total Return ETF to charge hiked fee
RIAS JUL 05, 2011
Gross' Total Return ETF to charge hiked fee

Annual levy for exchange-traded fund will be 0.55%, while fee for namesake mutual fund is 0.46%

By John Goff
GAO: Burgeoning peer-to-peer lending could require new regs
INDUSTRY NEWS JUL 05, 2011
GAO: Burgeoning peer-to-peer lending could require new regs

The peer-to-peer lending industry could require additional regulations if it grows dramatically or introduces new products and services, the Government Accountability Office said in a new report.

By Liz Skinner
China worries, but Goldman, Morgan Stanley gung-ho on commodities
INDUSTRY NEWS JUL 05, 2011
China worries, but Goldman, Morgan Stanley gung-ho on commodities

Forget about inflation worries in China. Analysts at both Goldman Sachs and Morgan Stanley are positively gung ho about the investment prospects for commodities over the next twelve months.

By John Goff
Coming to America? U.K. probe casts light on dark side of ETFs
ETFS JUL 05, 2011
Coming to America? U.K. probe casts light on dark side of ETFs

Regulators said to be concerned about funds not truly tracking underlying indexes, as well as vulnerability to short sales

By John Goff
INDUSTRY NEWS JUL 05, 2011
RBC may use U.S. sale proceeds on wealth management

Royal Bank of Canada may use proceeds from the $3.62 billion sale of its money-losing U.S. consumer bank to expand in global asset management.

By Mark Bruno