RIA News

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Agent in church life-insurance flap: Parishioners were instructed to lie to Aviva
INVESTING LIFE INSURANCE AND ANNUITIES MAY 25, 2012
Agent in church life-insurance flap: Parishioners were instructed to lie to Aviva

Claims agents coached them to tell insurer they were paying for policy premiums when outside parties actually did so

By Darla Mercado
Life agents accuse Aviva of 'unclean hands' in unholy Stoli mess
INVESTING LIFE INSURANCE AND ANNUITIES MAY 25, 2012
Life agents accuse Aviva of 'unclean hands' in unholy Stoli mess

In March, Aviva sued six life insurance agents over Stoli policies sold to 119 members of a church in Los Angeles. Now, those agents have fired back, claiming the carrier consented to the offer of the coverage.

By Darla Mercado
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAY 24, 2012
Another senior management move at LPL

Arnold named CFO; currently head of strategy

By Bruce Kelly
MSSB tells brokers it will make good on Facebook trades: Source
RIAS RIA NEWS MAY 24, 2012
MSSB tells brokers it will make good on Facebook trades: Source

Brokerage also said to informs reps it will not fill limit orders at $43 due to low volume

By John Goff
Move over, Anthony Bourdain: Adviser films travelogue about retirement crisis
ADVISOR NEWS RETIREMENT PLANNING MAY 24, 2012
Move over, Anthony Bourdain: Adviser films travelogue about retirement crisis

Adviser turns camera on middle America; two RVs, a crew, and plenty of highway

By Mary Beth Franklin
RIAS RIA NEWS MAY 24, 2012
Credit liquidity down, bond ETFs up

By MFXFeeder
How students can pay off their $1T in loans
RIAS RIA NEWS MAY 24, 2012
How students can pay off their $1T in loans

Thoughts on helping keep a lid on what college kids end up owing

By John Goff
Jackson National to buy Swiss Re's U.S. life business
ADVISOR NEWS RETIREMENT PLANNING MAY 23, 2012
Jackson National to buy Swiss Re's U.S. life business

Jackson National Life Insurance Co. will pay $621 million in cash for the life insurance assets of Swiss Re Group's American division

By Liz Skinner
RIAS RIA NEWS MAY 23, 2012
Face off

Another day, another hit for the Facebook IPO. This time, the securities regulator of Massachusetts has subpoenaed lead underwriter Morgan Stanley for its role in setting the price for the offering. | <a href=http://www.investmentnews.com/gallery/20120518/FREE/518009999/PH>10 reasons clients should avoid Facebook</a>

By John Goff
Andy Friedman: Dividend stocks headed for trouble
RIAS RIA NEWS MAY 23, 2012
Andy Friedman: Dividend stocks headed for trouble

Pundit warns that tax increase could lead companies to buy back shares rather than boost payments to shareholders

By LKUYKENDALL
Advisers eighty-sixing 60/40 portfolio allocation: Survey
RIAS RIA NEWS MAY 23, 2012
Advisers eighty-sixing 60/40 portfolio allocation: Survey

Traditional investment strategy seen as old school; value of buy-and-hold also questioned

By Liz Skinner
Jefferson National latest to add more alternatives to VA
INVESTING ALTERNATIVES MAY 23, 2012
Jefferson National latest to add more alternatives to VA

Jefferson National Life Insurance Co. has bolstered its roster of alternative-investment offerings

By Darla Mercado
RIAS RIA NEWS MAY 23, 2012
INTV: One-on-one with Raymond James' Tash Elwyn

InvestmentNews' Andrew Osterland sits down with RJ's Tash Elwyn and discusses the Morgan Keegan integration and other industry issues.

By Mark Bruno
Hartford reports pick up in VA surrender rate
ADVISOR NEWS RETIREMENT PLANNING MAY 23, 2012
Hartford reports pick up in VA surrender rate

In-force VA block lapse rate jumped by nearly 50% after Hartford announced it would leave annuity biz; many contracts in the money

By Darla Mercado
Forethought at forefront as RJ pulls plug on Hartford annuities
ADVISOR NEWS RETIREMENT PLANNING MAY 23, 2012
Forethought at forefront as RJ pulls plug on Hartford annuities

Company not prepared to put annuities manufacturer on its platform

By Darla Mercado
Finra, planners slug it out over adviser SRO cost
RIAS RIA NEWS MAY 23, 2012
Finra, planners slug it out over adviser SRO cost

Regulator pegs annual cost at $155M, adviser groups put price at $610M; either way, Barney Frank hates the whole idea

By Mark Schoeff Jr.
ADVISOR NEWS RETIREMENT PLANNING MAY 23, 2012
MetLife to pay $500M to settle death benefit probe

Multistate settlement follows review on whether companies were holding funds that should go to beneficiaries.

By Bloomberg
Security Benefit CFO: 'We're open to L.A. Dodgers investment'
INVESTING LIFE INSURANCE AND ANNUITIES MAY 23, 2012
Security Benefit CFO: 'We're open to L.A. Dodgers investment'

Guggenheim's purchase of the Dodgers to close April 30, reportedly insurers will be tapped

By Darla Mercado
Finra panel: David Lerner Associates sold marked-up munis
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAY 23, 2012
Finra panel: David Lerner Associates sold marked-up munis

Brokerage ordered to pay $3.7M for jacking up prices on tax-exempt bonds and CMOs; head trader suspended

By Liz Skinner
It's official: Raymond James closes on Morgan Keegan deal
RIAS RIA NEWS MAY 23, 2012
It's official: Raymond James closes on Morgan Keegan deal

Acquires Memphis-based brokerage for $1.18B; no retention headaches so far

By AOSTERLAND