RIA News

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Merrill Lynch said to yank Janus funds from platform
RIAS RIA NEWS JAN 26, 2012
Merrill Lynch said to yank Janus funds from platform

Brokerage said to pull Twenty and Forty funds from offerings; 'outlfows are clearly getting worse'

By John Goff
'Extreme readings' point to market pullback
RIAS RIA NEWS JAN 25, 2012
'Extreme readings' point to market pullback

RIS, VIX indicated stocks have run out of steam; 'exhaustion tops'

By John Goff
RIAS RIA NEWS JAN 25, 2012
N.Y. B-D down: Ticonderoga expected to halt operations by end of week

Ticonderoga Securities LLC, the New York brokerage with about 75 employees, will halt operations after an attempt to boost capital fell through, according to people with direct knowledge of the decision.

By Mark Bruno
ADVISOR NEWS WIREHOUSES JAN 25, 2012
Wirehouse market share has shriveled since crisis

By Andrew Osterland
Mitt Romney's income no ordinary income
RIAS RIA NEWS JAN 25, 2012
Mitt Romney's income no ordinary income

Candidate's earnings taxed as carried interest; 'ordinary people wouldn't be able to do this'

By John Goff
The secrets of Social Security
RIAS RIA NEWS JAN 25, 2012
The secrets of Social Security

Even for the typically affluent clients of financial advisers, informed decisions about how and when to claim Social Security benefits can mean thousands of extra dollars a year, and tens of thousands of dollars over a lifetime. Are you prepared to advise clients on this crucial decision?

By Mary Beth Franklin
Americans welcome back leverage when credit is cheap enough
RIAS RIA NEWS JAN 25, 2012
Americans welcome back leverage when credit is cheap enough

Americans are back in the borrowing mood, and even the wealthy are getting in on it when the credit is cheap enough, according to advisers.

By Liz Skinner
B-D that sold assets to LPL played role in $150M scam: Lawsuit
RIAS RIA NEWS JAN 25, 2012
B-D that sold assets to LPL played role in $150M scam: Lawsuit

Court receiver claims NRP failed to oversee accused adviser; 'one of the largest Ponzi schemes in Minnesota's history'

By Bruce Kelly
Munch on this: 'The Scream' could fetch $80M
ADVISOR NEWS RETIREMENT PLANNING JAN 24, 2012
Munch on this: 'The Scream' could fetch $80M

Masterpiece to go on sale this May; three other versions all in museums

By Scott Reyburn
Most advisers overstating their expertise: Cerulli study
RIAS RIA NEWS JAN 24, 2012
Most advisers overstating their expertise: Cerulli study

A survey of more than 1,500 financial intermediaries over the past year found "pattern of misrepresentation"

By Jeff Benjamin
Romney's tax revelation draws plenty of fire
RIAS RIA NEWS JAN 24, 2012
Romney's tax revelation draws plenty of fire

Ex-govenor's 15% effective rate criticized by opponents; Gingrich paid twice that

By John Goff
RIAS RIA NEWS JAN 24, 2012
Packers tackle stadium tab with "stock' sale

By Bloomberg
What's wrong with this picture? Nothing, as art prices skyrocket
RIAS RIA NEWS JAN 24, 2012
What's wrong with this picture? Nothing, as art prices skyrocket

Fear of paper money lifts Christie's latest auction to record levels; Lichtenstein fetches $43M

By John Goff
RIAS RIA NEWS JAN 24, 2012
HighTower scores $1B adviser

HighTower Advisors has landed Margaret Towle, a high-end investment adviser with Greycourt & Co. Inc. doing business in Seattle and Minneapolis, despite market volatility that tends to keep advisers put.

By Andrew Osterland
HighTower stakes its claim to Palm Desert wealthy
RIAS RIA NEWS JAN 24, 2012
HighTower stakes its claim to Palm Desert wealthy

With its second lift-out this year of a team of high-end financial advisers in Palm Desert, Calif., HighTower Advisors has staked a claim to one of the wealthier retirement areas in the country

By Andrew Osterland
Wirehouse market share thinning
ADVISOR NEWS WIREHOUSES JAN 23, 2012
Wirehouse market share thinning

Researcher says slice could dip to 35% by 2013, down from 50% in 2007; some self-pruning

By Andrew Osterland
Merrill Lynch raises the bar for its brokers
RIAS RIA NEWS JAN 23, 2012
Merrill Lynch raises the bar for its brokers

The annual tweaking of the compensation grids for financial advisers at Bank of America Merrill Lynch could have a substantial impact on broker trainees, small-market advisers and low-end producers at the firm.

By Andrew Osterland
RIAS RIA NEWS JAN 22, 2012
Third-quarter weak for wealth division at Wells Fargo

By Bloomberg
RIAS RIA NEWS JAN 22, 2012
Massachusetts lays out social media do's, don'ts

By Liz Skinner
Rally ho? Biggs big on U.S. stocks
RIAS RIA NEWS JAN 20, 2012
Rally ho? Biggs big on U.S. stocks

Famed investor sees potential for substantial run-up in equities; 'terrified I'm not long enough'

By John Goff