Advisor News

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Workers more likely to retire after strong market performance
RIA NEWS JUL 19, 2011
Workers more likely to retire after strong market performance

Workers are more likely to retire after a period of strong equity returns, but they may be leaving the workplace at a time when their nest eggs are at the most risk.

By Darla Mercado
Boomers not interested in rocking chair retirement
RETIREMENT PLANNING JUL 19, 2011
Boomers not interested in rocking chair retirement

Younger boomers more optimistic about their finances but acknowledge that they will have to work some in retirement

By Darla Mercado
RETIREMENT PLANNING JUL 19, 2011
Advisers: Preparing clients for the worst on taxes

Financial advisers are fairly clear about what is in store for their clients: taxes that are unlikely to go down and may rise.

By Andrew Osterland
GAO's financial advice: Hold off on Social Security, buy an annuity
RETIREMENT PLANNING JUL 19, 2011
GAO's financial advice: Hold off on Social Security, buy an annuity

A new study by the Government Accountability Office predicts that middle-class workers may well outlive retirement savings. The solution, the GAO says, is for workers to hold off on taking Social Security -- and buy annuities.

By John Goff
ALTERNATIVES JUL 19, 2011
David Lerner Associates sued over sales of REITs

David Lerner Associates Inc. has been sued by investors who claim that it acted negligently in the sale and underwriting of more than $6.8 billion in shares of the Apple Real Estate Investment Trusts

By Bloomberg
Meredith Whitney's muni denial doesn't jibe with what ran on 60 Minutes: Mysak
RETIREMENT PLANNING JUL 19, 2011
Meredith Whitney's muni denial doesn't jibe with what ran on 60 Minutes: Mysak

Analyst claims she didn't say what she seemed to have said when she said it on national television

By Joe Mysak
Gold at $2,000? It's getting closer
RETIREMENT PLANNING JUL 18, 2011
Gold at $2,000? It's getting closer

Precious metal gains from race to debase currencies, now tops $1,800; BofA sees it at $2,000 in a year

By John Goff
Default, dear Brutus, could be bad news for money funds
RETIREMENT PLANNING JUL 18, 2011
Default, dear Brutus, could be bad news for money funds

Could put a hole in money-market funds, which hold $760 billion in Treasuries. The question is: should investors pull their money out now just in case lawmakers in Washington don't reach a debt-ceiling agreement by Aug. 2?

By John Goff
Politicos fiddle while bond market burns
REGULATION AND LEGISLATION JUL 18, 2011
Politicos fiddle while bond market burns

Negative yields return, corporate debt's spurned, and money funds churn, as panicked investors seek out less-risky paper

By William D. Cohan
REGULATION AND LEGISLATION JUL 18, 2011
A slow go

In the initial year of Dodd-Frank, which reaches its first anniversary Thursday, regulators overseeing banking, commodities and securities have been pressed to conduct 73 studies and write 400 new rules. As of July 1, only 38 of those rules have been finalized.

By Mark Bruno
FINTECH JUL 18, 2011
Custodians putting all the technology pieces together

While both custodians bristle at any suggestion of a race, Schwab Institutional and TD Ameritrade Institutional are charging ahead in their efforts to deliver a unified technology platform to their registered investment adviser clients.

By Davis Janowski
FINTECH JUL 17, 2011
HNW to advisers: Pick up an iPad already

Wealthy investors love their iPads and want their financial advisers to use them too, according to a recent study by Cisco Systems Inc.

By Lavonne Kuykendall
REGULATION AND LEGISLATION JUL 17, 2011
Wedbush ordered to pay $3.5M for 'morally reprehensible failure'

Wedbush Securities Inc. was ordered to pay former municipal bond trader Stephen Kelleher $3.5 million for failing to give him years' worth of incentive-based compensation he was owed

By Liz Skinner
REGULATION AND LEGISLATION JUL 17, 2011
Investment nightmare not over for NFL player

A lawsuit by an NFL player against his investment advisers that was settled months ago has come back to life

By Bruce Kelly
REGULATION AND LEGISLATION JUL 15, 2011
SIFMA gives SEC ideas for a new fiduciary standard

By Doug Cubberley
House GOP uneasy over fiduciary rule
REGULATION AND LEGISLATION JUL 15, 2011
House GOP uneasy over fiduciary rule

Republicans on the House Financial Services Committee are watching carefully to see how the SEC proceeds with a rule that would subject broker-dealers to a fiduciary duty.

By Mark Schoeff Jr.
CFTC to enact Dodd-Frank rule aimed at retail-commodities trading
REGULATION AND LEGISLATION JUL 15, 2011
CFTC to enact Dodd-Frank rule aimed at retail-commodities trading

A rule aimed at protecting small investors who buy U.S. commodity contracts from retail brokers will go into effect.

By Doug Cubberley
FINTECH JUL 15, 2011
Advisers, speak directly to the advisory tech industry: Take this easy, multiple-choice, five-minute survey

Hi folks, Davis Janowski, technology reporter with InvestmentNews here. We have created a short, simple survey for advisers in order to determine how many of you use which products and vendors and gauge your level of satisfaction with them. This will not only help me with my stories and columns but give you, the advisers, a sense of the popularity and market share they have.

By Davis Janowski
REGULATION AND LEGISLATION JUL 15, 2011
Crisis cop sought to aid Dodd-Frank repeal, e-mails show

A Republican commissioner on the Financial Crisis Inquiry Commission urged his colleagues to make sure the panel's conclusions would “not undermine” his party's efforts in the U.S. House to change or repeal the Dodd-Frank Act.

By Doug Cubberley
REGULATION AND LEGISLATION JUL 14, 2011
BNY Mellon engaged in 'multipronged campaign of deception': NY state

Claim custody bank defrauded customers in foreign currency transactions; 'virtually worst rates of the day'

By John Goff