Competing priorities and procrastination put life insurance on the back burner; substantial selling opp for advisers
While the latest <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24034|24039&issuedate=20110831&sid=RIA>RIA ranking</a> from <i>InvestmentNews</i> shows little change in the top ten, several new firms cracked the list for the first time -- while some notable names fell down the table. | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24036|24039&issuedate=20110831&sid=RIA>The up-and-comers</a> | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24029|24039&issuedate=20110831&sid=RIA>Fastest growing firms</a>
Nobel-prize winning economist Joseph Stiglitz said the chances of the U.S. economy going back into recession are “very high,” as unemployment and austerity talk point to a double dip.
Although the debt ceiling bill passed, the national-debt iceberg continues to grow in size, threatening to sink the U.S economy
Effective date on reg is bumped back to April 1
A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.
Real estate trusts throwing off 4.5% return; no ceiling in sight for apartments as homeownership dwindles
Proposed reform mixes in wins for both blues (Democrats) and reds (Republicans); accountants, advisers may boo, however
Surprise! Increasing number of employees changing jobs due to opportunity, not necessity
Owners seek a quick sale -- and pray a bidding war breaks out; $65M house, $22M minimum bid
Sentiment now at lowest level in more than a year; recession chief worry
Yesterday, we pointed out that there were some <a href=http://www.investmentnews.com/article/20110824/BLOG03/110829972>19,400,000</a> results that come up in a Google search for the term "wealth manager."
The head of Schwab Advisor Services apologized yesterday to the firm's RIA clients for sending a marketing piece sent Aug. 9 to advisers' clients who sponsor Schwab-run retirement plans.
RIA client assets that changed hands through acquisitions soared in the first half of the year but valuations of the firms are still below the 2008 peak, according to Schwab Advisor Services.
B-D to cut transaction costs from $15 a trade to $9
The bi-partisan deficit reduction proposal is slowly gaining traction on Capitol Hill. And according to experts, one of the key components of the plan is the elimination of preferential tax treatment for capital gains and dividends.
A source says Adam Bold is seeking a buyer for The Mutual Fund Store, the RIA he founded. But Mr. Bold told a local Kansas City newspaper the firm is not on the block. | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=22974|22989&issuedate=20110529&sid=RIA0529>The top fee-only RIAs</a>
Wirehouse brokers looking for a new place to hang their license likely would make more money at a bank's brokerage unit or by going independent rather than moving to another wirehouse.
Stocks rose, extending the first weekly gain since July for the Standard & Poor's 500 Index, amid optimism the world's biggest economy will continue to expand and after Hurricane Irene failed to shut financial markets. Treasuries retreated, while Greek stocks soared.
Frederick Schultz, Lloyd Seested, David Andreadis, Richard Haskin, Eric Teichberg, and Karen Ben-Shlaush are joining the firm's private wealth group in Washington D.C.
