RIA News

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BofA wealth management untouched by record loss from mortgages
RIA NEWS AUG 19, 2011
BofA wealth management untouched by record loss from mortgages

Bank of America Corp. is continuing to invest in its wealth management division, despite suffering a record loss from mortgages.

By Andrew Osterland
CFP Board launches awareness campaign with print ad
RETIREMENT PLANNING AUG 19, 2011
CFP Board launches awareness campaign with print ad

A multimillion-dollar campaign to encourage investors to use credentialed financial planners to manage their money launches this week with a print advertisement in three business magazines.

By Mark Schoeff Jr.
Heebner swings for fences with Morgan Stanley play
RIA NEWS AUG 18, 2011
Heebner swings for fences with Morgan Stanley play

Buys nearly seven million shares of Wall Street titan; bank selling at major discount

By John Goff
BofA to slash 10,000 jobs: Reports
RIA NEWS AUG 18, 2011
BofA to slash 10,000 jobs: Reports

An internal memo from Bank of America boss Brian Moynihan says the embattled company will slash 3,500 jobs this quarter. But published reports suggest the ax will be broader -- much broader.

By John Goff
RETIREMENT PLANNING AUG 18, 2011
<span style='color:red;'>INTV:</span> Rally or recession? What advisers think is next

Wild swings and declines in the market have advisers addressing constant client questions.

By Mark Bruno
Here we go again: Stocks slammed as U.S. 'dangerously close' to a recession
RIA NEWS AUG 18, 2011
Here we go again: Stocks slammed as U.S. 'dangerously close' to a recession

The Dow dropped as much as 525 points, or 4.6%, in morning trading after Morgan Stanley cut its forecast for global growth and government data showed that jobless claims rose and consumer inflation accelerated more than forecast.

By Mark Bruno
Charles Schwab 2Q earnings hit the mark
RIA NEWS AUG 18, 2011
Charles Schwab 2Q earnings hit the mark

Charles Schwab Corp., the largest independent brokerage by client assets, reported second-quarter profit that matched the average analyst estimate as revenue from interest earned offset a decline in trading.

By Bloomberg
RETIREMENT PLANNING AUG 18, 2011
TIAA-CREF replaces Fidelity for California's $4B 529 college plans

California signed on TIAA-CREF to manage its college-savings replacing Fidelity Investments, which decided not to bid

By Doug Cubberley
'Russian roulette' fuels surge in lifetime income VAs
LIFE INSURANCE AND ANNUITIES AUG 18, 2011
'Russian roulette' fuels surge in lifetime income VAs

Variable annuities with lifetime income guarantees are hot as a pistol, as investors look to steer clear of an unpredictable -- and tempestuous -- stock market

By John Goff
Wisconsin's 529 is the big cheese among adviser-sold plans
RIA NEWS AUG 18, 2011
Wisconsin's 529 is the big cheese among adviser-sold plans

Wisconsin's 529 is the top performer among adviser-sold 529 plans

By Liz Skinner
RETIREMENT PLANNING AUG 18, 2011
Doubling down on 529 tax breaks

With marginal rates likely going up, now is a good time for clients to rethink how they can get the most out of their tax-deferred college-savings plans

By Liz Skinner
Doll: 'Trendless' market a pill, but health care stocks stand out
RIA NEWS AUG 17, 2011
Doll: 'Trendless' market a pill, but health care stocks stand out

BlackRock equity guru says medical sector is undervalued despite surge in cash flow

By Bloomberg
PRACTICE MANAGEMENT AUG 17, 2011
Creating a niche practice makes it easy to build business

James Barnette Jr. never had trouble getting clients, largely because he focused on a very specific niche: providing retirement plans to American educators who work abroad.

By Jessica Toonkel
PRACTICE MANAGEMENT AUG 17, 2011
After getting nuts and bolts right, focus on clients' emotional well-being

In 2007, Rick Kahler lost five of his six employees within two months.

By Andrew Osterland
ALTERNATIVES AUG 17, 2011
TD Ameritrade pushes options trading to custodial clients

TD Ameritrade Inc. wants financial advisers who hold assets in custody at the firm to do more options trading, using its thinkorswim options-trading platform

By Dan Jamieson
TD Ameritrade profits up on thinkorswim buy
RIA NEWS AUG 17, 2011
TD Ameritrade profits up on thinkorswim buy

TD Ameritrade Holding Corp. said Tuesday its second-quarter profit jumped 23 percent thanks to its latest acquisition.

By Associated Press
RIA NEWS AUG 17, 2011
Is TD Ameritrade setting the stage to buy E-Trade?

E-Trade Financial Corp. shares surged late Wednesday after media reports fed speculation that rival online broker TD Ameritrade Holding Corp. could make a bid for the company.

By Associated Press
What Buffett's rare buyback says about large caps
RIA NEWS AUG 16, 2011
What Buffett's rare buyback says about large caps

First share repurchase in four decades taken as sign the Oracle sees stock rally ahead

By John Goff
Dear Mr. Buffett: Taxing millionaires is trickier than it sounds
RETIREMENT PLANNING AUG 16, 2011
Dear Mr. Buffett: Taxing millionaires is trickier than it sounds

Plenty of complications in ensuring the wealthy pay same percentage as middle-class earners; 'opening the door for tax lawyers'

By John Goff
What Bill Gross is investing in now
RIA NEWS AUG 16, 2011
What Bill Gross is investing in now

With developed nation recession 'possible,' Pimco bond king is spreading his wings

By John Goff