RIA News

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Arithmetic: Deduction cap means Romney's math adds up, tax group says
RIAS RIA NEWS OCT 18, 2012
Arithmetic: Deduction cap means Romney's math adds up, tax group says

Despite withering criticism from Democrats, it appears Mitt Romney's tax math does indeed add up. At least, that's the verdict from the non-partisan Tax Foundation.

By John Goff
Prudential could get too big to fail tag
INVESTING LIFE INSURANCE AND ANNUITIES OCT 18, 2012
Prudential could get too big to fail tag

By Gregory Crawford
Vanguard, iShares win big in first ETF awards
RIAS RIA NEWS OCT 18, 2012
Vanguard, iShares win big in first ETF awards

Managers grab top honors in four of five asset classes at Morningstar.

By Jason Kephart
INVESTING LIFE INSURANCE AND ANNUITIES OCT 18, 2012
LTC insurance a better deal for women

By Liz Skinner
ADVISOR NEWS RETIREMENT PLANNING OCT 18, 2012
Are advisers giving bad Social Security advice? Survey says yes

New research from Wharton shows that many financial advisers are giving their clients shortsighted -- or plain bad -- advice about Social Security.

By Mary Beth Franklin
Smith Barney write-down helped seal Pandit's ouster: Source
ADVISOR NEWS WIREHOUSES OCT 17, 2012
Smith Barney write-down helped seal Pandit's ouster: Source

A source claims Vikram Pandit was ousted as Citigroup CEO due to a series of missteps, not one incident. The last straw? The sizeable accounting hit the bank took from the plummeting valuation of Smith Barney.

By Gregory Crawford
INsider: Morgan Stanley in recruiting cross hairs, headhunters say
ADVISOR NEWS WIREHOUSES OCT 17, 2012
INsider: Morgan Stanley in recruiting cross hairs, headhunters say

Headhunters say rivals are stepping up efforts to recruit Morgan Stanley reps. But will they succeed?

By AOSTERLAND
Growth stocks a go, Calamos says
INVESTING EQUITIES OCT 17, 2012
Growth stocks a go, Calamos says

By Bruce Kelly
ADVISOR NEWS WIREHOUSES OCT 17, 2012
BofA settles with investors, but what about reps?

Bank of America on Friday agreed to a $2.43B shareholder settlement over the acquisition of Merrill Lynch. It's unclear if this bodes well for ex-reps who are suing the brokerage for deferred comp.

By AOSTERLAND
RIAS RIA NEWS OCT 16, 2012
Opinion: Why for-profit colleges may not be for your kids

Checkered history of such institutions marked by high tuition, low graduate rates

By John Goff
College tuition, fees way up — but financial aid isn't
RIAS RIA NEWS OCT 16, 2012
College tuition, fees way up — but financial aid isn't

Near 5% hike in 2012, far outstripping inflation; burden being shifted to parents

By John Goff
Weil: Pandit's math on Smith Barney didn't add up
ADVISOR NEWS WIREHOUSES OCT 16, 2012
Weil: Pandit's math on Smith Barney didn't add up

Gain from sale included in non-GAAP numbers in 2009 -- but hit from recent write-down wasn't

By Jonathan Weil
ADVISOR NEWS RETIREMENT PLANNING OCT 16, 2012
Seniors to get puny Social Security COLA

By Mary Beth Franklin
RIAS RIA NEWS OCT 16, 2012
Paced by large-caps, ETFs rocked in Sept.

By Jason Kephart
RIAS RIA NEWS OCT 16, 2012
College savings on the rise — but amount still is puny

Higher percentage of parents now say they've put away $5K for kids' education; costs of private university can exceed $50K a year

By Liz Skinner
Purchase of MSSB a steal of a deal?
ADVISOR NEWS WIREHOUSES OCT 16, 2012
Purchase of MSSB a steal of a deal?

An arbitrator this week said Morgan Stanley's brokerage unit is only worth $13.5 billion, not $22 billion. So how is that a victory for Morgan Stanley?

By John Goff
RIAS RIA NEWS OCT 16, 2012
Wealthy relying on income — not 529s — to pay for college

Most wealthy parents are failing to use tax-efficient vehicles fully to cover their children's college costs, instead depending on current income and regular savings or investment accounts, a new survey has found.

By Liz Skinner
RIAS RIA NEWS OCT 15, 2012
Time constraints pull Bogle off Advizent board

Group says membership standards info slated for February.

By DJAMIESON
RIAS RIA NEWS OCT 15, 2012
Lazard reining in wealth management unit

Move is part of cost-cutting but adviser job cuts remain a question.

By AOSTERLAND
RIAS RIA NEWS OCT 15, 2012
Rep no angel, defrauded big-time Broadway producers: Prosecutors

In a tale worthy of Daphne du Maurier, prosecutors claim broker Mark Hotton defrauded producers of the trouble-plagued Broadway play, 'Rebecca -- The Musical.' Allegedly, the broker created fictional investors, and even killed one off, claiming he had died from malaria.

By John Goff