RIA News

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Missed the BofA rally? There's still time, says investment exec
RIAS RIA NEWS MAR 19, 2012
Missed the BofA rally? There's still time, says investment exec

Brown says bank's stock still undervalued when compared to earnings potential

By John Goff
Another snafu in DOL's plan to update fiduciary standard
ADVISOR NEWS RETIREMENT PLANNING MAR 19, 2012
Another snafu in DOL's plan to update fiduciary standard

Letter sent to industry groups gave some one day to provide requested information; short notice

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES MAR 18, 2012
OSU, Pickens come up empty in insurance battle

By Darla Mercado
RIAS RIA NEWS MAR 18, 2012
JOBS Act merits greater scrutiny

By MFXFeeder
INVESTING ALTERNATIVES MAR 18, 2012
Pacific West is ordered to pony up $2.1M over TICs

By Bruce Kelly
ADVISOR NEWS RETIREMENT PLANNING MAR 18, 2012
These tech tools know how to take annuities into account

By Davis Janowski
RIAS RIA NEWS MAR 16, 2012
Ron Carson: I got the Muppet treatment from Goldman

Well-known wealth manager Ron Carson claims he recently got a first-hand look at how Wall Street treats clients. He wasn't impressed.

By Bruce Kelly
INVESTING FIXED INCOME MAR 16, 2012
MF Global's remaining execs won't be awarded bonuses, trustee pledges

Louis Freeh, a former FBI director and MF Global trustee, said he would not recommend bonuses for the three executives who stayed on at the company to help unwind the complex transactions between and among the firm's entities.

By Liz Skinner
Janney signs more wirehouse advisers
RIAS PRACTICE MANAGEMENT MAR 16, 2012
Janney signs more wirehouse advisers

Peter Sampson, Kenneth Wiland Sr., and R. Morgan Purvis, as well as two assistants, joined the firm's Aiken, S.C., office from Morgan Stanley Smith Barney LLC, where they managed a combined $380 million.

By Andrew Osterland
ADVISOR NEWS WIREHOUSES MAR 16, 2012
James Gorman told Morgan Stanley staff not to circulate Op-Ed on Goldman

Morgan Stanley Chief Executive Officer James Gorman said he told staff not to circulate a Goldman Sachs Group Inc. employee's op-ed criticizing that firm and that it wasn't fair for a newspaper to publish it.

By Mark Bruno
Labor-market gains in U.S. boost consumer optimism
RIAS RIA NEWS MAR 16, 2012
Labor-market gains in U.S. boost consumer optimism

Claims for jobless benefits dropped last week to match a four-year low and U.S. consumer confidence rose to the highest since 2008, signaling an improving labor market may boost household spending.

By Doug Cubberley
Real story on inflation will soon be told: Arnott
RIAS RIA NEWS MAR 16, 2012
Real story on inflation will soon be told: Arnott

Inflation appears tame on the surface, but Robert Arnott remains an inflation hawk.

By Dan Jamieson
Americans: We're responsible for our financial well-being — just don't ditch Social Security
ADVISOR NEWS RETIREMENT PLANNING MAR 16, 2012
Americans: We're responsible for our financial well-being — just don't ditch Social Security

Also believe it's Uncle Sam's job to protect investors from fraud

By Mark Schoeff Jr.
RIAS RIA NEWS MAR 16, 2012
Oil price won't grease the skids for higher rates

By Andrew Osterland
Still no payment in Capital Analysts Ponzi settlement as firm readies sale
RIAS RIA NEWS MAR 16, 2012
Still no payment in Capital Analysts Ponzi settlement as firm readies sale

The story of Kenneth Wayne McLeod -- and the Ponzi scheme he engineered -- reads more like a screenplay than real life. But to the victims of the con man, the bizarre tale must feel like a nightmare.

By Bruce Kelly
RIAS RIA NEWS MAR 16, 2012
FBI: Stanford blew $20 million on yachts — and $379M on his B-D

Few of financier's investments turned a profit, special agent testifies; $7B hole

By John Goff
10 legislative and regulatory developments advisers need to know
RIAS RIA NEWS MAR 16, 2012
10 legislative and regulatory developments advisers need to know

Finra backs off social media regs, also aims to hike transaction fees; Congress extends payroll tax deduction - and a millionaires' tax continues to bounce back after multiple rejections. More on these recent developments and other key happenings on The Hill that will impact financial advisers.

By Mark Schoeff Jr.
SEC OK latest boost for alts clearing service
RIAS RIA NEWS MAR 15, 2012
SEC OK latest boost for alts clearing service

Commission gives thumbs up again to Alternative Investment Product

By DJAMIESON
Republican tax break pruning complicates extensions outlook
RIAS RIA NEWS MAR 15, 2012
Republican tax break pruning complicates extensions outlook

Debate continues over more than $30 billion in so-called tax extenders, such as the research and development tax credit and the ability for financial services companies to defer taxation on income earned outside the U.S.

By Doug Cubberley
RIAS RIA NEWS MAR 15, 2012
Bill Gross: Opening up the playbook

Pimco chief discusses how successful investing in a deleveraging, low interest rate environment will require defensive in addition to offensive skills.

By Bill Gross