Advisor News

Displaying 26679 results
WIREHOUSES OCT 23, 2011
Volcker rule would affect rich clients most

As work begins on the final version of the Volcker rule, wirehouse financial advisers say that their high-net-worth clients would feel the biggest impact from any new regulations that placed investment restrictions on financial institutions

By Andrew Osterland
FINTECH OCT 23, 2011
Turning planning on its head

While financial planning obviously is important, many registered investment advisers say that it just doesn't pay the bills

By Davis Janowski
ARS whoopin' as judge tosses NY state suit against Schwab
REGULATION AND LEGISLATION OCT 21, 2011
ARS whoopin' as judge tosses NY state suit against Schwab

Says AG's complaint devoid of any allegation of misrepresentation by brokerage to clients

By John Goff
REGULATION AND LEGISLATION OCT 21, 2011
Pay up: The SEC's greatest hit$ since the financial crisis

By John Goff
REGULATION AND LEGISLATION OCT 21, 2011
Occupy in the sky

Surprisingly, an exclusive <i>InvestmentNews</i> poll shows that nearly 40 percent of advisers support the Occupy Wall Street movement. But an even larger percentage say nothing will come of the protests. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&amp;Date=20111013&amp;Category=FREE&amp;ArtNo=101309997&amp;Ref=PH>Which investment industry bigshots back OWS -- and which don't</a>

By John Goff
Senate confirms SEC nominees
PRACTICE MANAGEMENT OCT 21, 2011
Senate confirms SEC nominees

The Senate confirmed two nominees to the Securities and Exchange Commission on Friday, bringing the agency back to full power.

By Mark Schoeff Jr.
Legg Mason's Bowden named to head SEC exam program
REGULATION AND LEGISLATION OCT 21, 2011
Legg Mason's Bowden named to head SEC exam program

Legg Mason's Andrew J. Bowden will join the SEC as an associate director to lead the National Investment Adviser/Investment Company Examination Program.

By Doug Cubberley
Advisers should gird for higher compliance costs: RJ's Helck
PRACTICE MANAGEMENT OCT 21, 2011
Advisers should gird for higher compliance costs: RJ's Helck

Investment advisers should get set for higher compliance costs &#8212; as well as a self-regulatory organization, said Chet Helck, chief operating officer for Raymond James Financial Inc.

By Dan Jamieson
IRS warns weaker enforcement, slow service would follow cuts
RIA NEWS OCT 21, 2011
IRS warns weaker enforcement, slow service would follow cuts

IRS warns of &#8220;noticeable degradation&#8221; of taxpayer services and enforcement if Congress follows through on a plan to cut about $500 million from the agency's budget for fiscal 2012.

By Doug Cubberley
RIA NEWS OCT 21, 2011
State securities cops find more compliance violations

In their biennial tracking of the compliance violations of small investment advisers, state regulators have found a slight uptick in deficiencies per adviser, with about 45% of advisers found to have at least one books-and-records violation

By Liz Skinner
Court KOs Finra's fine-collecting
REGULATION AND LEGISLATION OCT 21, 2011
Court KOs Finra's fine-collecting

A U.S. Circuit Court of Appeals today ruled that the Financial Industry Regulatory Authority Inc. has no right to collect fines through court judgments

By Dan Jamieson
REGULATION AND LEGISLATION OCT 21, 2011
Due-diligence woes bite Capital Financial again

Broker-dealer agrees to pay $200K to settle Finra allegations it sold unsuitable private placements; SEC charges still pending

By Bruce Kelly
RETIREMENT PLANNING OCT 21, 2011
Phyllis Borzi discusses being a plan fiduciary

The following is an edited version of testimony given July 26 by Phyllis C. Borzi, assistant secretary of labor in charge of the Employee Benefits Security Administration, before the House Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions

By MFXFeeder
IRS dropped the ball on $3.2B in 'erroneous' tax credits: Treasury
RIA NEWS OCT 20, 2011
IRS dropped the ball on $3.2B in 'erroneous' tax credits: Treasury

A U.S. Treasury Department watchdog said 2.1 million taxpayers may have received &#8220;erroneous&#8221; education-related tax credits totaling about $3.2 billion.

By Doug Cubberley
Hatch urges Obama to drop plan to cap charitable deductions
RIA NEWS OCT 20, 2011
Hatch urges Obama to drop plan to cap charitable deductions

Utah Senator Orrin Hatch is urging the Obama administration to back away from a proposal to cap itemized deductions at 28%.

By Doug Cubberley
WIREHOUSES OCT 19, 2011
Wirehouse snapshot: Q3 2011

By mlanche
LIFE INSURANCE AND ANNUITIES OCT 19, 2011
Industry trade groups flex lobbying muscles

By Mark Schoeff Jr.
Thousands of wirehouse reps to be shown the door in next five years
WIREHOUSES OCT 18, 2011
Thousands of wirehouse reps to be shown the door in next five years

Management keen to boost productivity by thinning ranks; market share of four giants also dwindling

By Andrew Osterland
REGULATION AND LEGISLATION OCT 18, 2011
NAPFA fears fallout from probe of ex-chairman

The National Association of Personal Financial Advisors is worried that its reputation will be tarnished in light of a second high-profile investigation involving one of its former executives

By Darla Mercado
'Best short EVER!' ends up costing Citi $285M
REGULATION AND LEGISLATION OCT 18, 2011
'Best short EVER!' ends up costing Citi $285M

Bank settles allegations that its B-D sold pool of mortgages to clients &#8212; then bet against them

By Liz Skinner