RIA News

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RIA NEWS MAY 10, 2011
Prescient advisers called gold and silver plunge

Amid the agony and angst felt by those who took a beating in last week's commodities meltdown, some financial advisers are patting themselves on the back for having steered over-enthusiastic clients away from gold and silver

By Dan Jamieson
Commodities the next CMOs? Money managers square off
RIA NEWS MAY 10, 2011
Commodities the next CMOs? Money managers square off

Prices of commodities from corn to crude spike ever upward. Meanwhile, money managers are boosting their holdings in food and natural resources to near-record levels. But the question remains: will commodities be the great asset class of the 21st century -- or the great bust?

By John Goff
INDEPENDENT BROKER DEALERS MAY 10, 2011
SEC: B-D failed to do due diligence on private deals

The Securities and Exchange Commission has alleged that an independent broker-dealer that was a leading seller of allegedly fraudulent private placements failed to conduct reasonable investigations into the offerings — and pocketed fees for due diligence without adequately researching the instruments

By Bruce Kelly
Rising star in wealth management? Wells Fargo crew hitches wagon to U.S. Bancorp
RETIREMENT PLANNING MAY 10, 2011
Rising star in wealth management? Wells Fargo crew hitches wagon to U.S. Bancorp

Lender making big push to win ultra-wealthy clients, with ex-Wells execs leading the charge

By John Goff
Wealth management bright spot for disappointing Wells
RIA NEWS MAY 10, 2011
Wealth management bright spot for disappointing Wells

Brokerage did brisk business in 1Q while bank stuttered; share price hammered

By Andrew Osterland
BofA to trim branches; advisers to go virtual
RETIREMENT PLANNING MAY 10, 2011
BofA to trim branches; advisers to go virtual

Clients in less-populated areas will be left to get their advise from talking heads

By Bloomberg
Bank of America may pay 2010 bonuses in stock
RIA NEWS MAY 10, 2011
Bank of America may pay 2010 bonuses in stock

Bank of America Corp. is running out of time to fulfill a promise to raise more capital by year-end and may be forced to make up the shortfall by paying some bonuses in stock rather than cash.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 10, 2011
Regulators eye insurers' disclosure of retained-asset accounts

By Darla Mercado
LIFE INSURANCE AND ANNUITIES MAY 10, 2011
Insurers slammed for profiting off soldiers' death benefits

White House, lawmakers back VA probe of retained-asset accounts; 'unacceptable'

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 10, 2011
Death benefits flap could trigger lawsuits against insurers

Negative publicity about so-called retained-asset accounts may fuel litigation, withdrawals by beneficiaries

By Darla Mercado
Commodity recovery seen as slump erases $99B
RIA NEWS MAY 09, 2011
Commodity recovery seen as slump erases $99B

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

By Doug Cubberley
AllianceBernstein sees target date fund outflows
RETIREMENT PLANNING MAY 09, 2011
AllianceBernstein sees target date fund outflows

But money flowed into TDFs run by Vanguard and T. Rowe Price in the first quarter

By Bloomberg
RIA NEWS MAY 08, 2011
Facing the future: Digital imaging could be next big thing in advice business

A unique combination of psychology and technology might be just the ticket for getting investors to start taking their retirement savings more seriously

By Jeff Benjamin
LIFE INSURANCE AND ANNUITIES MAY 08, 2011
MetLife names new CIO

MetLife Inc., the largest U.S. life insurer, has selected Steven J. Goulart as chief investment officer to oversee a portfolio valued at more than $450 billion

By Bloomberg
INDEPENDENT BROKER DEALERS MAY 08, 2011
Raymond James to focus on growth rather than mergers and acquisitions

With a number of independent broker-dealers on the block, it's a buyers' market for those firms looking to expand their business through acquisition

By Robert Hordt and Bruce Kelly
RIA NEWS MAY 08, 2011
Pre-retirees a great niche – but advisers aren't scratching

By and large, investment advisers continue to ignore workers who are nearing retirement. This, say some, is a sizeable oversight.

By Lavonne Kuykendall
LIFE INSURANCE AND ANNUITIES MAY 08, 2011
More investors now think VAs are OK - but fees still a drag

Variable annuities, which combine mutual-fund-like investing with income or other guarantees, are as controversial as ever — but investors increasingly are considering purchasing them, financial advisers say

By Lavonne Kuykendall
RIA NEWS MAY 08, 2011
Active management the new buy-and-hold?

With two huge bear markets in recent memory — and buy-and-hold tactics open to question — the popularity of active strategies has never been greater

By Dan Jamieson
Commodities routed, raising fears of 'severe' correction
RIA NEWS MAY 06, 2011
Commodities routed, raising fears of 'severe' correction

The Goldman Sachs raw materials index today fell the most in two years. Jim Rogers says the drop is "normal." Others are slightly more worried. Said one investment manager: "This could be one of the most severe corrections that we've seen over the last year."

By John Goff
RIA NEWS MAY 05, 2011
Gold plunges in 'pure panic selling'

The price of gold headed for its biggest one day loss in 18 months. This follow a big selloff on Tuesday. The question: Is the bull market for bullion finally coming to an end?

By Bloomberg