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INDUSTRY NEWS SEP 17, 2009
College savings rate found insufficient, but 529s shine

While the recession has taken a toll on Americans' ability to save money for college, there are some encouraging signs from families using Section 529 college savings plans, according to a trio of reports released today as part of College Savings Month.

By Charles Paikert
INDUSTRY NEWS SEP 16, 2009
U.S. factories produce more, inflation is in check

U.S. factories made more cars, clothing and other goods than expected in August, and inflation remained in check in the early stages of a broad economic recovery.

By Bloomberg
INDUSTRY NEWS SEP 16, 2009
Urgency for new rules for finance is slipping away

The rule book for Wall Street may not change that much after all.

By Bloomberg
RIAS SEP 16, 2009
More assets, more attention: Asset managers zero in on RIAs

Asset managers are courting RIAs with a slew of marketing and education materials. Yet, advisers aren't always impressed with the outreach, according to a new survey from Morningstar and SwanDog.

By Sue Asci
RIAS SEP 16, 2009
The RIA Giants: $124B in assets and counting

By Charles Paikert
INDUSTRY NEWS SEP 16, 2009
Back on the sidelines: Wary portfolio managers opting for cash

While most portfolio managers remain optimistic about global economic recovery, more managers are keeping additional cash on the side as they re-evaluate the markets, according to a new survey of fund managers.

By Mark Bruno
LIFE INSURANCE AND ANNUITIES SEP 16, 2009
Former Merrill rep stripped of insurance license and fined in funeral trust case

By Darla Mercado
INDUSTRY NEWS SEP 15, 2009
Retail sales rise more than expected in August

Retail sales jumped in August, spurred by widespread gains beyond the increases of auto and gasoline sales that economists expected.

By Bloomberg
INDUSTRY NEWS SEP 15, 2009
U.S. wholesale prices soar 1.7% in August

U.S. inflation at the wholesale level shot up at double the expected rate in August as gasoline prices soared by the largest amount in a decade.

By Bloomberg
REGULATION AND LEGISLATION SEP 15, 2009
Widow files arbitration claim against Deutsche Bank, claiming risky fund was sold to her as safe

A North Carolina woman today filed an arbitration claim with the Financial Industry Regulatory Authority Inc. against Deutsche Bank Securities Inc., claiming that the firm misrepresented a fund as a conservative investment for her marital trust, when it was in fact unsuitable.

By Darla Mercado
LIFE INSURANCE AND ANNUITIES SEP 15, 2009
Genworth opens $500M public stock offering

Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.

By Darla Mercado
INDUSTRY NEWS SEP 15, 2009
Bernanke says recession 'very likely over'

Federal Reserve Chairman Ben Bernanke said today that the worst recession since the 1930s is probably over.

By Bloomberg
OPINION SEP 15, 2009
Warning: Hubris Brings Down the Best of the Best

If it happened to Federer, it could happen to you

By Bloomberg
RETIREMENT PLANNING SEP 15, 2009
John Hancock retirement unit to open up its retirement plan products to Edward Jones

John Hancock Retirement Plan Services today kicked off a relationship with Edward D. Jones & Co. LP, providing the firm's financial advisers with access to its retirement plan products.

By Darla Mercado
REGULATION AND LEGISLATION SEP 15, 2009
Finra bars Ex-Morgan Stanley rep for allegedly bilking 97-year-old's charity

A former Morgan Stanley broker was barred today by the Financial Industry Regulatory Authority Inc. for allegedly misappropriating $11,156.47 from the charitable foundation of a 97-year-old nursing home resident who was his client for more than 20 years.

By Bloomberg
LIFE INSURANCE AND ANNUITIES SEP 15, 2009
New York Insurance Department to hold hearing on life insurance and annuities sales to seniors

The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.

By Darla Mercado
WIREHOUSES SEP 15, 2009
Schwab sees surge in breakaway brokers in just last six weeks

The Charles Schwab Corp. said its campaign to help wirehouse brokers become independent investment advisers is picking up speed at summer's end.

By Jed Horowitz
INDUSTRY NEWS SEP 15, 2009
Affluent more upbeat and likely to fuel recovery, report suggests

In what could be an indicator that the economy is <a href=http://www.investmentnews.com/ article/20090915/REG/909159984>approaching recovery</a>, optimism is rising among affluent adults in the United States, according to data from Ipsos Mendelsohn's third online Affluent Barometer survey of this year.

By Michelisa Lanche
INDUSTRY NEWS SEP 14, 2009
Obama issues warning in Wall Street address

President warned financial titans on Monday &#8212; the first anniversary of the Lehman Brothers collapse &#8212; they could not count on any more bailouts.

By Associated Press
INDUSTRY NEWS SEP 14, 2009
A year later, worries linger on economy

Seven out of 10 Americans lack confidence that the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press-GfK poll.

By Bloomberg