RIA News

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American dream on life support as U.S. moves to 'rentership society'
RETIREMENT PLANNING MAY 31, 2011
American dream on life support as U.S. moves to 'rentership society'

Homeownership rate now below 60%; opportunity for real estate investors?

By John Goff
Most expensive state for mortgage closing? Fuhgettaboudit
RETIREMENT PLANNING MAY 31, 2011
Most expensive state for mortgage closing? Fuhgettaboudit

New York tops the list, according to latest data; average cost up, Dodd-Frank blamed

By John Goff
Jeter fan spurns $250K collectible, gives back milestone ball
RETIREMENT PLANNING MAY 31, 2011
Jeter fan spurns $250K collectible, gives back milestone ball

'Mr. Jeter deserved it,' said Christian Lopez, who snagged Yankees' 3,000 hit; a valuable piece of baseball history

By John Goff
Biggest quarterly sell-off of munis since 1995
RETIREMENT PLANNING MAY 31, 2011
Biggest quarterly sell-off of munis since 1995

Fund firms, individuals cut back dramatically on holdings of tax-exempt debt

By John Goff
RIA NEWS MAY 31, 2011
GOP, Dems on surprising sides of means-testing clash

You had to figure the issue of means testing for entitlement programs would split Republicans and Democrats. And it has -- just not the way you'd think.

By John Goff
RIA NEWS MAY 31, 2011
DOL should go slow on fiduciary update

In its zeal to improve protection of retirement plan participants from bad advice and conflicts of interest, the Department of Labor is proposing a rule change that, though well-intended, is too broad and may leave some participants more vulnerable than they already are

By MFXFeeder
LIFE INSURANCE AND ANNUITIES MAY 31, 2011
Tax reform delays don't slow efforts to educate Hill

Even though the conventional wisdom in Washington is that Congress won't get around to major tax reform until after the presidential election, financial and insurance companies, and adviser groups are working feverishly to build the foundation for that policy battle

By Mark Schoeff Jr.
Where the world's wealthiest clients are — and will be
RIA NEWS MAY 31, 2011
Where the world's wealthiest clients are — and will be

The cumulative wealth of the world's richest households will more than double, to $202 trillion over the next ten years, according to a study conducted by the Deloitte Center for Financial Services and Oxford Economics.

By Bloomberg
FINTECH MAY 29, 2011
Envestnet to acquire U.S.-based business of FundQuest

Turnkey technology and wealth management provider Envestnet Inc has entered into an agreement to acquire the U.S.-based portion of FundQuest Inc. from BNP Paribas Investment Partners for $24.4 million in cash for all outstanding shares of the firm.

By Davis Janowski
LIFE INSURANCE AND ANNUITIES MAY 29, 2011
This insurer's stock price could rise 32% in the next year, says Bank of America

AIG shares vastly undervalued, analyst says; specter of government ownership still a turn-off

By John Goff
RIA NEWS MAY 29, 2011
Inflation versus CDs: No contest

Savers with cash in longer-term certificates of deposit are losing out to inflation, according to Market Rates Insight

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
MetLife's marketing of asset accounts 'deceptive,' judge says

Case against insurer dismissed, but wording in ruling likely to trigger more litigation, regulatory probes

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
MassMutual, The Hartford skip retained accounts, cut checks for beneficiaries

Insurers among the few that buck industry trend of sending survivors checkbooks -- rather than lump-sum checks

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
'Outraged' legislator's proposal targets retained-asset accounts

Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'

By Bloomberg
Cuomo probing insurers 'secret profits' from grieving families
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
Cuomo probing insurers 'secret profits' from grieving families

Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits

By Bloomberg
Fallen soldiers' families denied cash as insurers profit
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
Fallen soldiers' families denied cash as insurers profit

Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'

By Bloomberg
Nagengast: MedCap class action settlement would 'wipe out' banks' claims against Securities America
RIA NEWS MAY 26, 2011
Nagengast: MedCap class action settlement would 'wipe out' banks' claims against Securities America

Bank of New York Mellon and Wells Fargo have both sued Securities America -- along with other B-Ds -- over the sales of MedCap private placements. In an internal e-mail obtained by <i>InvestmentNews</i>, here's what SA boss Jim Nagengast said about the litigation.

By Bloomberg
Jackson's putting brakes on VA sales 'a whiplash'
LIFE INSURANCE AND ANNUITIES MAY 26, 2011
Jackson's putting brakes on VA sales 'a whiplash'

Corporate mandate to slow accelerating sales seen as prudent, but advisers express concerns

By Darla Mercado
RIA NEWS MAY 26, 2011
Fed fiddles while inflation starts to simmer

What do Ben S. Bernanke and his fellow Federal Reserve monetary policymakers not see?

By MFXFeeder
RIA NEWS MAY 26, 2011
Commodities drop again, raising fears of 'severe' correction

Following a long run-up, commodities last week suffered their largest declines in almost two years, paring this year's gains to about 10%

By Bloomberg