Advisor News

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REGULATION AND LEGISLATION OCT 14, 2012
SEC is urged to scrap Reg D rule

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 12, 2012
Cost-benefit analysis cuts both ways

Ever since the Dodd-Frank financial reform law was enacted, Capitol Hill Republicans and the financial industry have insisted that the Securities and Exchange Commission and other regulators carefully measure for the potential impact of new rules on the markets. Industry was not alone in traveling the cost-benefit-analysis highway this week. Fiduciary advocates demonstrated that it is a two-way street.

By Mark Schoeff Jr.
RIA NEWS OCT 12, 2012
SEC targets advisers who inflate credentials

The SEC is actively reviewing advisers' ADV forms. What's the commission looking for? Tarted up claims, including inflated education or professional credentials.

By DJAMIESON
Payroll tax takes a holiday — and could doom Social Security
RETIREMENT PLANNING OCT 12, 2012
Payroll tax takes a holiday — and could doom Social Security

Public trustee bemoans break with historic self-financed structure

By Mary Beth Franklin
RETIREMENT PLANNING OCT 12, 2012
Retired couple withdraws claim against B-D, former rep

Clients claimed rep told them to put their IRA into life settlements

By Darla Mercado
State regulators to midsize shops: No need to hire compliance consultants
REGULATION AND LEGISLATION OCT 11, 2012
State regulators to midsize shops: No need to hire compliance consultants

Transition from SEC rule doesn't require outside help, just effort; fiddling with AUM

By Jeff Benjamin
'Eyes-on' compliance is too costly, vendor says
INDEPENDENT BROKER DEALERS OCT 11, 2012
'Eyes-on' compliance is too costly, vendor says

Albridge survey shows most brokerages fork out 10% of revenue on oversight

By Liz Skinner
FINTECH OCT 11, 2012
Sharper tools in the box? Retirement income programs getting better

Best of the lot focus on tradeoff strategies to meet income goals; wildly different answers a worry, however

By Mary Beth Franklin
Genworth adds more investment options
EQUITIES OCT 11, 2012
Genworth adds more investment options

Strategies from investment firms BlackRock Financial Management Inc., DoubleLine Capital LP, F-Squared Investments Inc., and Forward Management LLC were added to the mix, as well as four other strategies from firms already on the Genworth platform.

By AOSTERLAND
UBS accelerates restructuring plan as U.S. wealth management shines
RIA NEWS OCT 10, 2012
UBS accelerates restructuring plan as U.S. wealth management shines

The Swiss bank announces plans to cut up to 10,000 additional employees over the next two years.

By AOSTERLAND
SEC targeting the top in broker, advisory firm reviews
PRACTICE MANAGEMENT OCT 10, 2012
SEC targeting the top in broker, advisory firm reviews

The SEC says it is targeting senior management in its reviews of brokerages and advisory firms.

By DJAMIESON
PRACTICE MANAGEMENT OCT 10, 2012
Cap gains the flash point in tax imbroglio

Democrats and Republicans are headed for a big blowup over taxes — and the treatment of capital gains could be what sets them off.

By Mark Schoeff Jr.
RETIREMENT PLANNING OCT 10, 2012
Pre-holiday bombshell: Pru locks vintage VAs

Advisers are still fuming about the last-minute notice they received from Prudential informing them of a lock down of several popular annuities.

By Darla Mercado
INDEPENDENT BROKER DEALERS OCT 09, 2012
J.W. Cole goes nationwide with FAA deal

Acquisition creates firm with 400 independent-contractor reps, dual headquarters.

By DJAMIESON
How Congress averted the fiscal cliff — in the 1840s
REGULATION AND LEGISLATION OCT 09, 2012
How Congress averted the fiscal cliff — in the 1840s

The latest round of budgetary brinksmanship recalls a similar government flirtation with financial calamity

By Alasdair Roberts
INDEPENDENT BROKER DEALERS OCT 09, 2012
Lies, damn lies, and statistics . . . again

Commonwealth Financial's CIO Brad McMillan discusses the latest job report and the questions over its legitimacy.

By Bloomberg
RETIREMENT PLANNING OCT 09, 2012
MetLife to bar new additions to VAs with old income riders

Changes keep coming in the variable annuity space, as MetLife Inc. will stop taking additional contributions to VAs with legacy living and death benefits next Monday.

By Darla Mercado
RETIREMENT PLANNING OCT 09, 2012
Study says VA opportunities remain for lower-profile carriers

Though variable annuity sales continue to be dominated by a few big companies, lower-profile carriers may seek opportunities in product innovation and new distribution channels.

By Darla Mercado
Top-ranking Senate Dem calls for rise in capital gains rate
REGULATION AND LEGISLATION OCT 08, 2012
Top-ranking Senate Dem calls for rise in capital gains rate

Schumer lacks specifics of tax plan; Republicans balk

By Mark Schoeff Jr.
RETIREMENT PLANNING OCT 08, 2012
Vets' annuities draw scrutiny

By Darla Mercado