RIA News

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RIA NEWS MAR 13, 2009
Madoff appeals bail revocation

Bernard Madoff's lawyers are appealing a judge's decision to revoke his $10 million bail and send him to jail to await sentencing.

By Bloomberg
RIA NEWS MAR 13, 2009
Jon Stewart hammers 'Daily Show' guest Jim Cramer

Jon Stewart hammered Jim Cramer and his network, CNBC, in their anticipated face-off on "The Daily Show," repeatedly chastising the "Mad Money" host for putting entertainment above journalism.

By Bloomberg
EMERGING MARKETS MAR 13, 2009
China worried about its U.S. debt holdings

China's premier is worried about its massive holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value.

By Bloomberg
RIA NEWS MAR 13, 2009
U.S. trade deficit falls on import decline

By ecooper
RIA NEWS MAR 13, 2009
Rallying world markets indicate higher U.S. open

By Bloomberg
RIA NEWS MAR 13, 2009
Consumer confidence edges up in March

The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February.

By Bloomberg
RIA NEWS MAR 12, 2009
McLean Wealth Advisors unveils fee-based platform

McLean Wealth Advisors announced today the launch of a fee-based platform for its investment advisory services business.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAR 12, 2009
LIMRA: LTC insurance sales tumble

A fourth-quarter tumble in long term care insurance sales brought down full- year 2008 results for the product, according to data from LIMRA International Inc.

By Bloomberg
RIA NEWS MAR 12, 2009
Fed reports record fall in household net worth

The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.

By Bloomberg
RIA NEWS MAR 12, 2009
Vanguard establishes human-rights investment policy

Shareholder resolutions calling for the adoption of a “genocide-free” investing policy might be withdrawn before Vanguard’s July 2 shareholders’ meeting because the firm has established a formal policy.

By Bloomberg
RIA NEWS MAR 12, 2009
Oppenheimer recruiting brokers, advisers from Stanford Group

Oppenheimer Holdings Inc. is interested in picking up some of the brokers and advisers from the distressed Stanford Group Co., the Houston-based broker-dealer arm of the disgraced companies controlled by financial R. Allen Stanford.

By Bloomberg
RIA NEWS MAR 12, 2009
RIAs angry over SEC move to contact clients directly

Advisers are agitated by the SEC’s decision to expand its examinations of advisory firms to include contact with clients.

By Bloomberg
ALTERNATIVES MAR 12, 2009
Schwab back pedals on alternatives ban

The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.

By Bloomberg
RIA NEWS MAR 12, 2009
Stocks slip after economic data, GE rating cut

Stocks declined in early trading Thursday after mixed economic data and a cut in General Electric Co.'s credit rating.

By Bloomberg
RIA NEWS MAR 11, 2009
Obama urges allies to take stimulus action

President Barack Obama called Wednesday for international allies to sign on to more aggressive steps to jump-start their own economies.

By Bloomberg
RIA NEWS MAR 11, 2009
Obama to sign massive spending bill

President Barack Obama plans to sign a massive spending bill to keep the federal government running, even though it is stashed with the very kinds of pet projects that the campaigning Obama promised to resist.

By Bloomberg
RETIREMENT PLANNING MAR 11, 2009
Helmsley Trust ruling means less for dogs

A recent court ruling has paved the way for the bulk of the Leona M. and Harry B. Helmsley Charitable Trust to be spent on charitable efforts, not on dogs.

By Bloomberg
RIA NEWS MAR 11, 2009
Look out, Pimco: Raymond James may sue ARS issuers

Raymond James wants help from issuers of auction rate securities. And if it doesn’t get it, the firm may sue.

By Bloomberg
RIA NEWS MAR 11, 2009
Fidelity launches three new adviser funds

Fidelity Investments of Boston today launched three funds, including the firm’s first convertible-securities fund.

By Bloomberg
RIA NEWS MAR 11, 2009
Advisers got the joke about CNBC years ago

“The Daily Show’s” Jon Stewart has brought to wide public attention — in his signature snarky style — what advisers have been saying for years: much of the content on CNBC is super-hyped, useless pap.

By Bloomberg