RIA News

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Gilded age not over as gold poised to set record, top forecasters says
RIA NEWS JUL 18, 2011
Gilded age not over as gold poised to set record, top forecasters says

See precious metal rebounding to nearly $2,000 an ounce; 'loss of trust'

By John Goff
Dramatic course change at Magellan, as Fidelity dumps Lange
RIA NEWS JUL 18, 2011
Dramatic course change at Magellan, as Fidelity dumps Lange

The Magellan Fund was once the envy of the industry. But in recent years, it has bled assets and consistently under performed. Fidelity had to do something to right the ship. On Wednesday it did, bringing in a new portfolio manager.

By John Goff
State Street, JPMorgan made a bundle propping up money funds
RIA NEWS JUL 18, 2011
State Street, JPMorgan made a bundle propping up money funds

Fed used custodians as fronts to funnel cash to besieged money-market funds; 'national emergency'

By John Goff
Run-up in gold trails off as CME hikes margins
RIA NEWS JUL 18, 2011
Run-up in gold trails off as CME hikes margins

Increase in cash requirement sends prices tumbling; topped $1,800 an ounce on Wednesday

By John Goff
Gold at $2,000? It's getting closer
RETIREMENT PLANNING JUL 18, 2011
Gold at $2,000? It's getting closer

Precious metal gains from race to debase currencies, now tops $1,800; BofA sees it at $2,000 in a year

By John Goff
Default, dear Brutus, could be bad news for money funds
RETIREMENT PLANNING JUL 18, 2011
Default, dear Brutus, could be bad news for money funds

Could put a hole in money-market funds, which hold $760 billion in Treasuries. The question is: should investors pull their money out now just in case lawmakers in Washington don't reach a debt-ceiling agreement by Aug. 2?

By John Goff
RIA NEWS JUL 18, 2011
Will anybody buy E*Trade?

The online brokerage's largest investor wants the company to explore a sale. But given 'catastrophic losses' at the discount outfit, finding potential suitors may be tough.

By John Goff
Cash is the new black
RIA NEWS JUL 18, 2011
Cash is the new black

Concerns about European defaults, Chinese inflation, and American politics have big fund managers scrambling to de-risk their portfolios. How conservative are they getting? One of George Soros' funds in now 75% cash.

By John Goff
RIA NEWS JUL 18, 2011
D.C. war has an unintended consequence

As the Dodd-Frank Wall Street Reform and Consumer Protection Act approaches its one-year anniversary, Washington's highly charged partisan response to the law may give rise to an unintended consequence: a brain drain at our financial regulators.

By MFXFeeder
RIA NEWS JUL 17, 2011
TD Ameritrade strikes deal with AGs

Cooperating in probe by AGs over possible attempts by retail brokers to thwart new online brokerage

By AOSTERLAND
RIA NEWS JUL 17, 2011
Penson clearing out of U.S. clearing business

Selling operation to Apex Clearing; currently serves 230 B-Ds

By Bruce Kelly
RIA NEWS JUL 15, 2011
Ben Bernanke personal net worth takes a hit

Federal Reserve Chairman Ben S. Bernanke's assets may have declined in 2010 even as the stock market improved.

By Mark Bruno
CFTC to enact Dodd-Frank rule aimed at retail-commodities trading
REGULATION, LEGAL & COMPLIANCE JUL 15, 2011
CFTC to enact Dodd-Frank rule aimed at retail-commodities trading

A rule aimed at protecting small investors who buy U.S. commodity contracts from retail brokers will go into effect.

By Doug Cubberley
RIA NEWS JUL 15, 2011
RIAs' revenue, AUM hit all-time highs in 2010

Let the good times roll. After several lousy years, revenues and assets under management for RIAs hit an all-time high in 2010. More of the same to come?

By Lavonne Kuykendall
RIA NEWS JUL 15, 2011
After $99B collapse, rally seen for commodities

The commodities rout that knocked off $99 billion of market value two weeks ago is driving out speculators and leading The Goldman Sachs Group Inc., which forecast the plunge, to predict a possible recovery

By Bloomberg
RIA NEWS JUL 15, 2011
Catholic values fund fires back at N.Y. Times

The editorial took specific issue with investments in defense contractors such as United Technologies Inc. and “junk food giant” ConAgra Foods Inc. while not investing in Playboy Enterprises Inc.

By Bloomberg
Morgan Keegan may yet fetch $1B: Sources
RIA NEWS JUL 14, 2011
Morgan Keegan may yet fetch $1B: Sources

Sweepstakes for brokerage said to be down to two P/E firms; parent Regions reportedly offering to help finance the deal

By John Goff
Boogie down and out after selling private placements
RIA NEWS JUL 14, 2011
Boogie down and out after selling private placements

Last dance for Florida firm that hawked Provident Reg D offering; lawyer claims Finra was the bigger problem, however

By Bruce Kelly
What Kelly's exit means for Pershing
RIA NEWS JUL 14, 2011
What Kelly's exit means for Pershing

The surprise departure of the CEO of BNY Mellon does not indicate any change of strategy for the custody bank -- or its clearing unit -- said a Pershing insider.

By Dan Jamieson
RIA NEWS JUL 14, 2011
Yet another P-E firm buys an indie B-D

The latest: First Allied purchased by Lovell Minnick Partners and brokerage's management team

By Bruce Kelly