RIA News

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RIAS RIA NEWS APR 18, 2010
Go for the gold, cautiously

If you can stomach a bit of initial volatility, now is a good time to start building a long-term allocation to gold.

By Jeff Benjamin
INVESTING MUTUAL FUNDS APR 18, 2010
Target date funds adding commodities

Managers of target date funds are adding commodities to their portfolio mixes, but experts wonder whether the moves are substantive or just window dressing.

By Darla Mercado
ADVISOR NEWS RETIREMENT PLANNING APR 18, 2010
The affluent more upbeat about their finances – but their heirs may not be

Only about a quarter of respondents said they “strongly agree” or “agree” that the recession is over, and another quarter said the U.S. will remain in a prolonged economic downturn for the next two years

By Hilary Johnson
ADVISOR NEWS RETIREMENT PLANNING APR 18, 2010
Roth IRA conversions booming

Fidelity Investments and Bank of America reported this week that conversions were way up over last year, while advisers at smaller outfits are also seeing an uptick in interest in Roth accounts

By Darla Mercado
RIAS RIA NEWS APR 18, 2010
Dreaded AMT can constitute a tax break

Alternative minimum tax your friend? Maybe -- at least when it comes to locking in lower tax rates when converting to a Roth individual retirement account

By David Hoffman
ADVISOR NEWS RETIREMENT PLANNING APR 18, 2010
More RIAs planning pay hikes for 2010

Although they have spent much of the year cutting costs, many advisory firms are planning to give raises to their employees next year.

By Lisa Shidler
SEC charges Goldman Sachs with fraud
RIAS RIA NEWS APR 16, 2010
SEC charges Goldman Sachs with fraud

The commission claims Goldman failed to disclose that a client helped create — and then bet against — securities the firm sold to investors

By Associated Press
Wall Street women still knocking on men's rooms
RIAS PRACTICE MANAGEMENT APR 16, 2010
Wall Street women still knocking on men's rooms

Bloomberg's Susan Antilla offers her opinion on just how much (or little) progress women have made in the financial services industry over the last two decades

By Susan Antilla
RESOURCES IRA ALERT APR 16, 2010
What can't be converted to a Roth

Unfortunately, many individuals are getting confused.

By Ed Slott
ADVISOR NEWS RETIREMENT PLANNING APR 16, 2010
The debate goes on: To Roth or not to Roth?

The following is an edited transcript of an InvestmentNews.com webcast held in New York on March 9.

By MFXFeeder
Merrill Lynch auction rate securities suit dismissed
RIAS RIA NEWS APR 16, 2010
Merrill Lynch auction rate securities suit dismissed

Merrill Lynch won dismissal of an investors' class-action lawsuit over auction-rate securities, at least the seventh such victory since the market collapsed in February 2008.

By Bloomberg
RIAS RIA NEWS APR 16, 2010
How many of BofA Merrill's new recruits will stick?

According to Wednesday's edition of the Financial Times, Bank of America Merrill Lynch is gearing up to hire 2,000 rookie brokers. Adding these new minions to Sallie Krawcheck's 15,000-person retail army prompts a few questions.

By Evan Cooper
RIAS RIA NEWS APR 15, 2010
Financial adviser to France's richest woman target of police search

Police searched the offices of the financial adviser to France's richest woman Friday as part of a growing scandal that includes allegations she gave cash illegally to President Nicolas Sarkozy's presidential campaign.

By Bloomberg
Former S&P exec: Revenue pressure skewed ratings
RIAS RIA NEWS APR 15, 2010
Former S&P exec: Revenue pressure skewed ratings

Tells Congressional panel that the push to land bank fees -- along with lax government oversight and breakdown in communications -- resulted in abuses

By Associated Press
RIAS RIA NEWS APR 15, 2010
Blog: Should I stay or should I go?

As more Branch Managers pick up and move to another firm, more and more advisers are quoting the classic 1981 song by The Clash while considering whether they should follow their old boss to greener pastures.

By Danny Sarch
ADVISOR NEWS WIREHOUSES APR 15, 2010
Ex-Morgan Stanley broker to plead guilty in kickback scheme

A former broker for Morgan Stanley and Banc of America Securities LLC will plead guilty today to receiving kickbacks for his role in a stock-loan scheme that operated from March 2004 to December 2005, court records show.

By Mark Bruno
Morgan Stanley took huge hit on real estate fund, report says
RIAS RIA NEWS APR 15, 2010
Morgan Stanley took huge hit on real estate fund, report says

Morgan Stanley Real Estate Fund VI International said to be down 61% -- not suprising, given the fund was raised at the peak of the property boom

By Bloomberg
INVESTING MUTUAL FUNDS APR 15, 2010
Finra cracks down on credit disclosure

Morgan Keegan fallout? The securities regulator warns B-Ds that bonds in funds cannot be considered 'rated' unless a third-party actually does the rating

By Jessica Toonkel Marquez
RIAS RIA NEWS APR 15, 2010
Schwab CEO Walt Bettinger's pay drops 35%

Brokerage and investment manager Charles Schwab Corp. gave its CEO Walter Bettinger a pay package valued at $10 million last year, according to a regulatory filing made Tuesday.

By Associated Press
RIAS RIA NEWS APR 15, 2010
TD Ameritrade's Tomczyk: RIA business key to raising valuation of company

By Jed Horowitz