RIA News

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INVESTING LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Conseco to turn LTC unit into indie trust

Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.

By Bloomberg
ADVISOR NEWS RETIREMENT PLANNING AUG 13, 2008
Despite turbulence, workers stick with plans

The amount of money that employees paid in to their defined contribution plans in the first half of 2008 increased.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Alabama insurance commish to step down

Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.

By Bloomberg
RIAS RIA NEWS AUG 13, 2008
Retail sales dip to five-month low

July retail sales dipped 0.1% after rising 0.3% in June, with the drop attributed to a 2.4% decline in the automotive industry.

By Bloomberg
RIAS RIA NEWS AUG 12, 2008
UBS takes earnings hit, separates units

The bank will separate its investment banking, global asset management and wealth management units.

By Bloomberg
ADVISOR NEWS RETIREMENT PLANNING AUG 12, 2008
Strapped Americans scrimping on insurance

Many are cutting back on medical care to cope with rising costs and a worsening economy, according to NAIC.

By Bloomberg
RIAS RIA NEWS AUG 12, 2008
Nuts and bolts of 529 college savings plans

A couple should consider setting up a 529 college savings plan to minimize the effect of spiraling tuition costs.

By Bloomberg
RIAS RIA NEWS AUG 12, 2008
RJ probed on auction rate securities

Raymond James' two primary broker-dealers are being scrutinized over ARS sales.

By Bloomberg
RIAS RIA NEWS AUG 12, 2008
LPL hikes transfer and termination fees

LPL Financial will increase its outgoing account transfer fees for retail accounts and termination fees by $20.

By Bloomberg
RIAS RIA NEWS AUG 12, 2008
Finra creates ARS arbitration process

Qualifying investors will have the option of getting their claims heard by a three-person panel of arbitrators.

By Bloomberg
ADVISOR NEWS REGULATION AND LEGISLATION AUG 12, 2008
Finra panel awards two brokers $1.2 million

Banc of America Investment Services allegedly sullied brokers' reputations, damaged potential relationships with clients.

By Bloomberg
RIAS RIA NEWS AUG 12, 2008
Morgan Stanley to buy back ARS

The repurchase program will begin sometime before Sept. 30 and involve $4.5 billion of auction rate securities.

By Bloomberg
RIAS RIA NEWS AUG 12, 2008
Placemark and United create platform

Placemark Investments new United Capital relationship is its second significant deal in the RIA space.

By Bloomberg
RIAS RIA NEWS AUG 11, 2008
Investors go for gold in garbage

One person's trash is another's alpha.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES AUG 11, 2008
Lieberman named CEO of Hartford Life Ltd.

The Hartford Financial Services Inc. today appointed Marc Lieberman president and chief executive of Hartford Life.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES AUG 11, 2008
Berkshire slumps, MBIA back in black

Berkshire Hathaway reported net earnings declined to $2.88 billion from $3.12 billion a year ago.

By Bloomberg
RIAS RIA NEWS AUG 11, 2008
Take a closer look at clients' art collections

Financial advisers need to pay more attention to their clients' art collections, according to experts who are trying to bring the art and financial worlds closer together.

By Bloomberg
RIAS RIA NEWS AUG 11, 2008
The right role for international stocks

Over the past six years, international stocks — those of companies from both developed countries and emerging markets — have outperformed U.S. stocks by a wide margin.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 11, 2008
Securities America itches to make more acquisitions

Securities America Inc. has made a splash in the roiling mergers and acquisitions market for independent broker-dealers, and it could make more waves soon.

By Bloomberg
RIAS RIA NEWS AUG 11, 2008
David Devoe

When David Devoe talks about mergers and acquisitions among RIA firms, advisers pay attention.

By Bloomberg