RIA News

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RIA NEWS JAN 04, 2010
Avast ye! Somali pirates create exchange for stolen loot

Market forces work everywhere — even, it would seem, on the high seas. According to published reports, Somali pirates have created a stock exchange to manage their ill-gotten gains.

By Darla Mercado
RIA NEWS JAN 04, 2010
Swiss unveil criteria for tax disclosure on private accounts

U.S. clients with more than 1 million Swiss Francs in offshore accounts with UBS could be ratted out.

By Associated Press
RIA NEWS JAN 04, 2010
Former UBS client who hid $8M gets sentenced to prison

A New York businessman who admitted hiding assets worth $8 million with Swiss bank UBS AG was sentenced to three months in prison for a Florida tax conviction.

By Associated Press
RIA NEWS JAN 03, 2010
New Year's resolutions we'd like to see

Here are some solutions for 2010 that we hope our politicians, regulators and financial wizards have made.

By MFXFeeder
RIA NEWS JAN 03, 2010
U.S. Chamber of Commerce stance on climate change is all wet

As world leaders at the Copenhagen summit moved to chart a global strategy on climate change, the U.S. Congress was readying itself to take up cap-and-trade legislation to reduce carbon emissions here at home.

By Joseph F. Keefe
IRA ALERT JAN 03, 2010
Roth IRA can affect homebuyer credit

The latest version of the tax credit for first-time homebuyers has two new features that may make the credit more widely available, which means more clients with Roth conversion income may be affected.

By Ed Slott
RIA NEWS JAN 03, 2010
Practice management services seen as best way custodians can win RIAs

Broker-dealers that hold client assets for registered investment advisers are pointing their marketing and technology arrows at practice management.

By Jed Horowitz
RETIREMENT PLANNING JAN 03, 2010
Remembering a life of passion

If there is one word to describe Donald Robert Pitti, the financial planning pioneer who died Dec. 18 at the age of 80, it would be “enthusiasm.”

By Hilary Johnson
RIA NEWS JAN 03, 2010
Texas adviser used former NFL players to promote scheme, the SEC charges

An investment adviser has been charged with defrauding investors in a scheme that used former National Football League players to promote offerings in an insurance company.

By Sara Hansard And Jed Horowitz
RIA NEWS DEC 31, 2009
China moves to cool off economy

China's lavish bank lending spurred a recovery but also pumped up markets as speculators scooped up stocks and property and even dabbled in garlic, dried chilli peppers and luxury Pu'er tea.

By Bloomberg
RETIREMENT PLANNING DEC 30, 2009
Adviser who led double life gets 17 years for $20M fraud

A judge in Massachusetts throws the book at an adviser who swindled the heirs of gilded-age industrialist Frederick Ayer, Jr.

By InvestmentNews Staff
RETIREMENT PLANNING DEC 30, 2009
Underserved market for advisers? Women

Advisers have a real opportunity to serve the needs of clients who are saving for retirement — especially women.

By Hilary Johnson
RIA NEWS DEC 30, 2009
Stocks mixed in midday trading

Stocks are falling in midday trading as a stronger dollar tugs on commodities prices.

By Associated Press
RIA NEWS DEC 30, 2009
Futures signal lower open for stocks

Stock futures pointed to a lower open on Wall Street Wednesday as a stronger dollar tugged on commodities prices.

By Associated Press
INDEPENDENT BROKER DEALERS DEC 30, 2009
LPL agrees to pay $1.3M to victims of Montana broker's Ponzi scheme

A Boston-based investment firm has agreed to pay $1.3 million in restitution to Montana investors for a Ponzi scheme run by an independent broker in Kalispell.

By Associated Press
Ex-Bernie Madoff workers plead not guilty, deny involvement in Ponzi
RIA NEWS DEC 29, 2009
Ex-Bernie Madoff workers plead not guilty, deny involvement in Ponzi

Three ex-employees of Bernie Madoff -- including operations chief Daniel Bonventre (above) -- say they played no part in the fraudster's $65 billion scheme

By Associated Press
RIA NEWS DEC 29, 2009
Investors are knocking on wood

Institutional investors are investing in timberland, trying to fill new inflation-hedging allocations.

By Arleen Jacobius
RIA NEWS DEC 29, 2009
Seven in a row? Futures signal another winning day for stocks

Stocks are looking to extend their gains into a seventh straight day as investors anticipate positive readings on home prices and consumer confidence.

By Associated Press
RIA NEWS DEC 29, 2009
Never too late: Still time for 2009 tax planning

Although there are just a few days left in 2009, small business owners still have time to squeeze in a few tax breaks.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 29, 2009
As rules change, a watchdog growls

New accounting rules and underpriced universal life insurance are just a couple of the issues keeping Joseph M. Belth up at night.

By Bloomberg