Advisor News

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RETIREMENT PLANNING JUL 20, 2007
Uniform 401(k) disclosure urged

401(k) participants should get concise annual summaries of expenses—preferably online, according to a trade group.

By Bloomberg
FINTECH JUL 19, 2007
Pentegra teams up with BISYS

Another partnership has been formed in preparation for impending boomer retirement rush.

By Bloomberg
FINTECH JUL 19, 2007
Award highlights WiMAX investment

Aperto Networks has been named as the Top WiMAX Company in India by VOICE&DATA magazine in its latest annual survey of multiple technology sectors in India.

By Bloomberg
RETIREMENT PLANNING JUL 17, 2007
Investments as 401(k) defaults floated

The Department of Labor has proposed that investments be allowed as default options in 401(k) plans.

By Bloomberg
INDEPENDENT BROKER DEALERS JUL 17, 2007
AIG Advisor Group to consolidate units

The largest B-D network will fold American General Securities of Houston into AIG Financial Advisors of Phoenix.

By Bloomberg
RIA NEWS JUL 16, 2007
RIAs gaining in market for small 401(k)s

Registered investment advisers are the fastest-growing distribution channel for mutual-fund-based small-business 401(k)s. Starting from a small base, they are adding assets at the rate of about 14% a year, according to Boston-based Financial Research Corp.

By Bloomberg
REGULATION AND LEGISLATION JUL 16, 2007
SIFMA draws flak for Florida fee hikes

Some brokerage firms are miffed about higher registration fees that Florida implemented this month, and blame the Securities Industry and Financial Markets Association for not doing enough to stop the increases.

By Bloomberg
REGULATION AND LEGISLATION JUL 16, 2007
SEC hits hedge fund regulatory hurdle

A proposal to provide tougher qualification standards for investing in hedge funds and other alternative investments has proved to be so controversial that the Securities and Exchange Commission may have to alter the plan or scrap it altogether.

By Bloomberg
RETIREMENT PLANNING JUL 16, 2007
Third wife prevails over adult kids in estate suit

In a case that married dry-as-dust estate-planning issues with “Dallas”-like squabbling among wealthy family members, a Texas court has decided that King Ranch heir B.K. Johnson had all his faculties when he drew up his last will and that his widow and third wife didn’t manipulate him into excluding his children.

By Bloomberg
OPINION JUL 16, 2007
SEC must tread carefully with 12(b)-1s

By ewilliams
OPINION JUL 16, 2007
Reining in inflation fears is key

By ewilliams
REGULATION AND LEGISLATION JUL 16, 2007
Dispute over broker-dealer cash erupts

IRVINE, Calif. — An SEC proposal to change how broker-dealers can invest customer reserve funds has come under attack from a variety of industry interests.

By Bloomberg
REGULATION AND LEGISLATION JUL 16, 2007
Firm aims to make DB plans a product advisers can sell

SAN FRANCISCO — A small company is betting that it can turn defined benefit plans into a mainstream product for financial advisers to sell.

By Bloomberg
RETIREMENT PLANNING JUL 16, 2007
Where there’s no will, there is a way

CHICAGO — Financial advisers are crafting new strategies to convince clients to complete their wills and estate plans.

By Bloomberg
FINTECH JUL 13, 2007
Albridge rolls out new calculation choices

Advisers can now produce on-the-fly internal rate of return and daily time weighted return rates of return for their clients.

By Bloomberg
MUTUAL FUNDS JUL 11, 2007
Mutual funds fall under hedge regulation

Mutual funds will now be subject to a new rule that prohibits fraud in hedge funds and other private investment pools.

By Bloomberg
RETIREMENT PLANNING JUL 10, 2007
Employers continue to close, freeze plans

Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.

By Bloomberg
WIREHOUSES JUL 09, 2007
Morgan continues real estate spree

Morgan Stanley has bought Daewoo Engineering & Construction Co.'s Seoul headquarters for $1.04 billion, published reports said.

By Bloomberg
OPINION JUL 09, 2007
It’s clearly time to tackle the AMT

Now that the Senate has disposed of the immigration reform bill, perhaps it and the House of Representatives can turn their attention to a matter at least as serious: reform or repeal of the alternative minimum tax — preferably repeal.

By ewilliams
OPINION JUL 09, 2007
The magic of exchange-traded notes: Tax deferral

Exchange-traded notes are the newest wrinkle from Barclays, the main sponsor of exchange-traded funds.

By Bloomberg