RIA News

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RETIREMENT PLANNING JUL 01, 2011
Health savings account balances rise in June

Balances in HSAs — tax-advantaged medical savings accounts — grew to some $11.7 billion in total assets, reflecting a 31% increase over last year.

By Darla Mercado
Some states rubber-stamping insurance rate hike requests, U.S. says
RETIREMENT PLANNING JUL 01, 2011
Some states rubber-stamping insurance rate hike requests, U.S. says

The U.S. will review health insurer requests to raise premiums for individuals and small businesses at least 10% in 10 states, ruling that local regulators aren't adequately policing rates.

By Doug Cubberley
VA customers don't read prospectuses — and at 200 pages, who can blame them?
LIFE INSURANCE AND ANNUITIES JUL 01, 2011
VA customers don't read prospectuses — and at 200 pages, who can blame them?

A new report finds that VA customers don't read prospectuses — and with the some of the documents running upwards of 200 pages, it's easy to understand why.

By Darla Mercado
Finra to revamp market examination process for broker-dealers
LIFE INSURANCE AND ANNUITIES JUL 01, 2011
Finra to revamp market examination process for broker-dealers

Finra will take a data-centric approach to performing market exams, pulling reams of information from broker-dealers, insurance companies and clearing firms.

By Darla Mercado
Barclays sees S&P 500 way up by end of year
RIA NEWS JUL 01, 2011
Barclays sees S&P 500 way up by end of year

Firm predicts large-cap index will reach 1450; lack of confidence by consumers, corporations actually a plus for markets

By John Goff
RETIREMENT PLANNING JUL 01, 2011
AARP refutes reports that it has kowtowed to Social Security cuts

The AARP has refuted an article in today's Wall Street Journal saying the organization had a change of heart after internal debates and had decided that it would accept benefit cuts to the massive entitlement program.

By Darla Mercado
Jackson National seen 'tapping' — not slamming — brakes in latest VA deceleration
LIFE INSURANCE AND ANNUITIES JUL 01, 2011
Jackson National seen 'tapping' — not slamming — brakes in latest VA deceleration

Closing of funds to investors suggests carrier's plan to slow variable annuity sales will be less aggressive than first thought; 'quite modest'

By Bloomberg
RIA NEWS JUN 30, 2011
Save hard

The Department of Education this week released its latest data on the cost of a college education. The list of the priciest private universities offered several surprises -- and a stark reminder of just how expensive higher education has gotten.

By John Goff
B-Ds ought to review standards of conduct, supervisory procedures for VA sales: Finra lawyer
LIFE INSURANCE AND ANNUITIES JUN 30, 2011
B-Ds ought to review standards of conduct, supervisory procedures for VA sales: Finra lawyer

Finra's variable annuity suitability rule should be old news to broker-dealers, but firms that want to steer clear of an arbitration land mine ought to review their procedures.

By Darla Mercado
RIA NEWS JUN 30, 2011
Clients won't care if you don't

Surprise, surprise: 85% of full-service investment firms' clients have never heard of, nor do they understand, the difference between the suitability standard followed by brokers and the fiduciary standard followed by registered investment advisers, according to a J.D. Power & Associates survey

By MFXFeeder
JPMorgan, Credit Suisse top Greenwich's U.S. equity broker list
EQUITIES JUN 30, 2011
JPMorgan, Credit Suisse top Greenwich's U.S. equity broker list

U.S. equity research and related services from JPMorgan Chase & Co. was voted the most valuable to asset managers surveyed by Greenwich Associates.

By Doug Cubberley
JPMorgan will return $800M to Lehman brokerage clients
RIA NEWS JUN 30, 2011
JPMorgan will return $800M to Lehman brokerage clients

April agreement for JPMorgan Chase & Co. to return $800 million in cash and securities approved by judge

By Doug Cubberley
RIA NEWS JUN 30, 2011
Roubini is pessimistic, once again

A “perfect storm” of fiscal woes in the United States, a slowdown in China, European debt restructuring and stagnation in Japan may hurt the global economy, according to New York University professor Nouriel Roubini

By Bloomberg
RIA NEWS JUN 30, 2011
Jackson pares funds to curb VA liability

By Darla Mercado
Elder financial fraud claiming nearly $3B
RIA NEWS JUN 29, 2011
Elder financial fraud claiming nearly $3B

Ah, retirement. Golf. Cruises. Leisurely walks. And getting financially abused by family members, strangers and businesses.

By Liz Skinner
RETIREMENT PLANNING JUN 29, 2011
Retirement savings tax breaks targeted

By Mark Schoeff Jr.
WIREHOUSES JUN 29, 2011
Reps face belt-tightening at MSSB

By Andrew Osterland
Morgan Stanley worth more dead than alive?
RIA NEWS JUN 29, 2011
Morgan Stanley worth more dead than alive?

Analyst Brad Hintz says Morgan Stanley could shut down its enormous trading business -- and the bank would still be worth more than what its stock is currently trading at. The takeaway? Investors are missing a good bet.

By John Goff
Lawmakers look to tighten the 401(k) tap
RETIREMENT PLANNING JUN 29, 2011
Lawmakers look to tighten the 401(k) tap

Aim to get rid of debit cards for the retirement plan, reduce number of loans workers can take

By John Goff
REGULATION AND LEGISLATION JUN 29, 2011
ARS mess could cost Raymond James up to $50M

Raymond James Financial Inc. could face a loss of $25 million to $50 million if it has to buy back distressed auction-rate securities from clients immediately

By Bruce Kelly