Advisor News

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RETIREMENT PLANNING JUL 11, 2011
A league of their own

Tuition for private colleges may be off the chart, but state schools are getting more expensive, too. Here's the ten priciest public colleges.

By John Goff
REGULATION AND LEGISLATION JUL 11, 2011
Senate Republicans prod SEC nominees on Dodd-Frank

The leading Senate Republican on financial issues won't block the confirmation of two Securities and Exchange Commission nominees, though he will push the agency to conduct economic analyses of financial regulations — a demand that is slowing down the implementation of the Dodd-Frank reform law

By Mark Schoeff Jr.
INDEPENDENT BROKER DEALERS JUL 10, 2011
Small broker-dealers face pressure to merge

For the past 10 years, executives at the largest independent broker-dealers have been predicting a tide of consolidation, with economics forcing smaller firms to shut down or sell out to bigger firms.

By Bruce Kelly
INDEPENDENT BROKER DEALERS JUL 10, 2011
Independent broker-dealers fishing for top talent

Recruiting will become more expensive in 2011 as the fight for top advisers heats up among independent broker-dealers looking to bounce back from a lackluster 2010.

By Bruce Kelly
INDEPENDENT BROKER DEALERS JUL 08, 2011
National Financial Partners acquires Fusion Advisor Network

National Financial Partners, a consolidator of insurance-brokerage and financial-planning firms, has acquired Fusion Advisor.

By FGabriel
RIA NEWS JUL 08, 2011
Fisher's firm to pay $376K to retiree who just wanted his book

By Doug Cubberley
INcite: Fire the Fed, hand keys to OPEC instead
REGULATION AND LEGISLATION JUL 08, 2011
INcite: Fire the Fed, hand keys to OPEC instead

If oil is what drives the U.S. economy, than let's put the real powers-that-be in the driver's seat

By Bloomberg
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
FINTECH JUL 07, 2011
Morgan Stanley Smith Barney data theft — yet another reason for advisers to adopt encryption

My favorite-blog-post-title-of-the-year-so-far award goes to Adam Levin, founder and chairman of Credit.com: <a href="//www.credit.com/blog/2011/07/the-morgan-stanley-smith-barney-breach-losing-client-data-the-old-fashioned-way/&quot;" target="&#8221;_blank&#8221;" rel="noopener noreferrer">The Morgan Stanley Smith Barney Breach: Losing Client Data the Old Fashioned Way</a>. Actually, I'm not sure if it is a blog or a true news site, regardless, it is not the typical news outlet you would expect for such a large story.

By Davis Janowski
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
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
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
RIA NEWS JUL 05, 2011
Death knell for hybrid adviser model?

As the financial advisory industry continues to evolve, more investment professionals and firms are embracing the hybrid registered investment adviser model.

By Mark Bruno
Skinning the cat: Lousy CD rates trigger big shift to shorter mortgages
RETIREMENT PLANNING JUL 05, 2011
Skinning the cat: Lousy CD rates trigger big shift to shorter mortgages

Rather than get stuck with paltry returns on money-market funds, some investors are putting their cash to better use: they're shifting into 15-year mortgages, saving big bucks in the process.

By John Goff
RETIREMENT PLANNING JUL 01, 2011
Health savings account balances rise in June

Balances in HSAs &#8212; tax-advantaged medical savings accounts &#8212; grew to some $11.7 billion in total assets, reflecting a 31% increase over last year.

By Darla Mercado
Some states rubber-stamping insurance rate hike requests, U.S. says
RETIREMENT PLANNING JUL 01, 2011
Some states rubber-stamping insurance rate hike requests, U.S. says

The U.S. will review health insurer requests to raise premiums for individuals and small businesses at least 10% in 10 states, ruling that local regulators aren't adequately policing rates.

By Doug Cubberley
Finra to revamp market examination process for broker-dealers
LIFE INSURANCE AND ANNUITIES JUL 01, 2011
Finra to revamp market examination process for broker-dealers

Finra will take a data-centric approach to performing market exams, pulling reams of information from broker-dealers, insurance companies and clearing firms.

By Darla Mercado
RETIREMENT PLANNING JUL 01, 2011
AARP refutes reports that it has kowtowed to Social Security cuts

The AARP has refuted an article in today's Wall Street Journal saying the organization had a change of heart after internal debates and had decided that it would accept benefit cuts to the massive entitlement program.

By Darla Mercado
SEC OKs controversial registration plan for back-office workers
REGULATION AND LEGISLATION JUL 01, 2011
SEC OKs controversial registration plan for back-office workers

Finra-crafted rule creates new license for administrative personnel; exam mandated

By Dan Jamieson
Obama's grounding of corporate-jet tax break would save only $3B
REGULATION AND LEGISLATION JUN 30, 2011
Obama's grounding of corporate-jet tax break would save only $3B

Depreciation schedule on the President's radar; aviation industry feeling 'singled out'

By John Goff