Advisor News

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INDEPENDENT BROKER DEALERS APR 30, 2010
The 10 broker-dealers with the highest rep-to-employee ratios

An often overlooked, but valued industry measurement.

By Mark Bruno
INDEPENDENT BROKER DEALERS APR 30, 2010
Special report: B-Ds hit where it hurts

The indie B-D industry took a giant step backward last year, with the largest 25 firms collectively reporting a 10.3% drop in gross revenue. <a href= http://www.investmentnews.com/apps/pbcs.dll/section?category=specialreporttemplate&amp;issuedate=20100423&amp;sid=BD0426> View the exclusive IN special report</a>

By Mark Bruno
REGULATION AND LEGISLATION APR 30, 2010
Like Toyota, damage control could backfire on Goldman

Let the whole story out, come clean with what happened, and you might come out of this with your reputation and franchise intact.

By Danny Sarch
RETIREMENT PLANNING APR 30, 2010
Natixis exec: Don't include lifetime income options in 401(k)s

John Hailer, president and chief executive of the North American operations of Natixis Global Asset Management, fired off a letter to the head of the Employee Benefit Security Administration.

By Darla Mercado
REGULATION AND LEGISLATION APR 30, 2010
Adviser (and Bernie Madoff's neighbor) charged with $25M fraud

Donald Anthony Young, an investment adviser who headed Acorn Capital Management LLC, was charged with running a $25 million Ponzi scheme, prosecutors said.

By Bloomberg
REGULATION AND LEGISLATION APR 29, 2010
Banned broker continued advising clients: Regulator

Permanently barred by Finra in 2008, adviser signed up clients anyway, Ohio claims; citizens group wants him out as town treasurer

By Jessica Toonkel
INDEPENDENT BROKER DEALERS APR 29, 2010
The 10 broker-dealers with the highest average AUM per rep

Check out the latest top ten list based on IN's new independent broker-dealer rankings

By Mark Bruno
REGULATION AND LEGISLATION APR 29, 2010
Fiduciary advocates are optimistic on Senate bill

As the debate over financial regulatory reform heats up in the Senate, the fiduciary-standard issue simmers on a back burner, though its backers haven't abandoned hope of seeing its inclusion in a final bill.

By Mark Schoeff Jr.
INDEPENDENT BROKER DEALERS APR 29, 2010
Stifel CEO: Breakaway brokers are weaker producers, but more profitable

Regional brokerage firms and some independent investment advisers have been making hay hiring hundreds of discontented wirehouse brokers.

By Jed Horowitz
SEC IG to look into timing of Goldman Sachs charges
REGULATION AND LEGISLATION APR 28, 2010
SEC IG to look into timing of Goldman Sachs charges

A Congressman wants to know if the fraud charges filed against the Wall Street titan have anything to do with the finanical reform bill pending in the Senate

By Dan Jamieson
REGULATION AND LEGISLATION APR 28, 2010
Raymond James boss sounds alarm about financial reform

It's now or never for financial advisers to get their voices heard as Congress fleshes out the final details of the financial services reform bill.

By Jessica Toonkel Marquez
FINTECH APR 28, 2010
LPL Financial rolling out new portfolio re-balancing technology

LPL advisers can now sign up for training to use a re-balancing tool that was introduced last week as part of a new initiative for adviser-facing technology.

By Bloomberg
RETIREMENT PLANNING APR 28, 2010
Survey says most retirement plan participants want advice

Spectrem Group also found that retirement accounts such as defined-contribution and defined-benefit plans rose 18% to $9.3 trillion in 2009, up from $7.9 trillion in 2008

By Bloomberg
REGULATION AND LEGISLATION APR 28, 2010
Beverly Hills man who copped to investment scam gets jail time

West Hollywood fund manager put clients' money towards improving his financial situation, not their's

By Associated Press
REGULATION AND LEGISLATION APR 27, 2010
Broker involved in $1.1B fraud avoids prison -- for now

Ex-Credit Suisse Group AG broker Eric Butler can remain free while he appeals his securities-fraud conviction, a judge ruled, overturning another judge's decision.

By Mark Bruno
INDEPENDENT BROKER DEALERS APR 27, 2010
The 10 B-Ds with the highest rep payouts in 2009

InvestmentNews has now released its latest independent broker-dealer rankings, which can be viewed here. Below are two lists on the average payouts at the largest independent broker-dealers, based on information that InvestmentNews has gathered directly from the firms that have participated in the annual survey.

By Mark Bruno
MUTUAL FUNDS APR 27, 2010
SEC's civil suit against Goldman Sachs hits funds

Count mutual funds and their investors among the big losers in the legal battle between the SEC and The Goldman Sachs Group Inc.'s broker-dealer unit.

By Jessica Toonkel Marquez
Goldman Sachs suit may prompt wider probe, greater regulation
REGULATION AND LEGISLATION APR 27, 2010
Goldman Sachs suit may prompt wider probe, greater regulation

The SEC's fraud suit against Goldman Sachs could trigger additional probes of collateralized debt obligations and lead to stricter regulation of the financial services industry

By Mark Bruno
Accused portfolio manager: Switch to cell during call with Deutsche Bank salesman 'unusual'
REGULATION AND LEGISLATION APR 27, 2010
Accused portfolio manager: Switch to cell during call with Deutsche Bank salesman 'unusual'

In court, Renato Negrin conceded that switching from a landline to a mobile during a talk with Jon-Paul Rorech was not normal. The duo are accused of insider trading

By Bloomberg
WIREHOUSES APR 27, 2010
Ex-district director at Morgan Stanley returns to Deutsche Bank

Fred C.C. &#8220;Corky&#8221; Crozier, the former head of private client services at Deutsche Bank's U.S. brokerage unit, has returned to the firm as a managing director and adviser in its Baltimore office.

By Jed Horowitz