RIA News

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RIA NEWS JUL 02, 2012
Couple who donated home for firefighters feeling burned by IRS

A Virginia couple who donated their house to local firefighters for a training exercise can't deduct the property's value from their federal income taxes, a divided U.S. Tax Court has ruled

By Doug Cubberley
Another summer of lousy news, great buying opportunities
RIA NEWS JUL 02, 2012
Another summer of lousy news, great buying opportunities

Lessons learned from last year will play again in this climate, says fund manager; going short, going cash are keys

By Jason Kephart
RIA NEWS JUL 02, 2012
Economists, strategists see anemic growth in second half

Economists and chief investment strategists are busy penning their second-half outlooks for the investment markets, and many of them expect a rerun of the so-called risk-on/risk-off mentality of investors that developed in the middle of last year.

By AOSTERLAND
Advisers will be key in breaking down 401(k) costs for companies: Schwab exec
RETIREMENT PLANNING JUL 02, 2012
Advisers will be key in breaking down 401(k) costs for companies: Schwab exec

Advisers will be instrumental in breaking down 401(k) costs for plan sponsors; investment fees to be an “eye-opener”

By Darla Mercado
American Funds' 529 plan catching up with the times
RIA NEWS JUL 02, 2012
American Funds' 529 plan catching up with the times

The addition of college target date funds will give American Funds' $33 billion CollegeAmerica 529 Savings Plan a similar menu of options as other 529 plans, the majority of which already offer advice-embedded products.

By JKEPHART
EQUITIES JUN 29, 2012
U.S., emerging markets are the best places to invest: Pimco's El-Erian

The U.S. and certain emerging markets are the best places to invest right now, according to Pimco's Mohamed El-Erian, but not without some risk

By Doug Cubberley
RIA NEWS JUN 29, 2012
Young clients worth it? Computer says no

New data shows that younger clients get larger trading discounts than older ones, are less profitable -- and are more likely to dump their advisers. Your move.

By John Goff
PRACTICE MANAGEMENT JUN 29, 2012
Four questions you should ask about succession planning

By Scott Feraro
RETIREMENT PLANNING JUN 29, 2012
Axa offers deals to let clients drop VA death benefits

By Darla Mercado
MSSB: How Greece can roil Europe and the U.S.
EMERGING MARKETS JUN 29, 2012
MSSB: How Greece can roil Europe and the U.S.

There are at least three channels through which Greece's troubles could spread throughout the Euro Zone; and the difficulties in Europe would likely have a substantial impact on the U.S. and global economies.

By Paul Menchaca
RETIREMENT PLANNING JUN 29, 2012
'Classic' retirement becoming less likely

The Great Recession has put a great big dent in many retirement plans. Downsizing may be key, but a whole lot of boomers will have little choice but to stay on the job after the age of 65.

By MFXFeeder
RIA NEWS JUN 29, 2012
U.S. drifting toward lost decade, warns Krugman

Interest rates to remain low for a very long time, predicts nobel laureate; 'we're all looking like Japan'

By John Goff
Schwab in front as custodians set plans to finance adviser succession
RIA NEWS JUN 29, 2012
Schwab in front as custodians set plans to finance adviser succession

The Charles Schwab Corp.'s plans to offer financing for financial adviser succession plans is putting pressure on other custodians to do the same, observers say

By Dan Jamieson
Wells Fargo sued by borrowers over reverse mortgage policies
RETIREMENT PLANNING JUN 29, 2012
Wells Fargo sued by borrowers over reverse mortgage policies

Wells Fargo & Co. is ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them, according to a lawsuit.

By Doug Cubberley
RIA NEWS JUN 28, 2012
Adviser creates program for young professionals

When adviser Jackie Kleinman decided to create a program to help young professionals manage the money issues that come up early in their careers, she ended up rejuvenating her own career, too

By LKUYKENDALL
Advisers must act after Obamacare gets clean bill of health from Supreme Court
RETIREMENT PLANNING JUN 28, 2012
Advisers must act after Obamacare gets clean bill of health from Supreme Court

In the climax to an epic legal battle, the Supreme Court ruled that President Obama's massive health-care overhaul does not violate the Constitution. So what does this mean for advisers? Plenty.

By Mark Schoeff Jr.
Supreme Court ruling an ill wind for these health care stocks
RETIREMENT PLANNING JUN 28, 2012
Supreme Court ruling an ill wind for these health care stocks

Hospitals, big pharma likely winners, but HMOs, equipment makers could take a hit

By Jeff Benjamin
House Republicans to pitch one-year student loan rate fix
RIA NEWS JUN 28, 2012
House Republicans to pitch one-year student loan rate fix

House Republicans will pitch a temporary fix for a student loan rate set to double to 6.8% July 1 by combining it with a highway spending bill

By Doug Cubberley
REGULATION, LEGAL & COMPLIANCE JUN 28, 2012
Delays mar switch to state registration

By DJAMIESON
Merrill fined for allegedly overcharging customers by $32M
WIREHOUSES JUN 28, 2012
Merrill fined for allegedly overcharging customers by $32M

Brokerage agrees to pay nearly $3M fine to settle Finra enforcement action; 'improper coding' blamed

By Liz Skinner