RIA News

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RIAS RIA NEWS DEC 11, 2009
Stonegate Wealth Management, Family Financial Research merge

Stonegate Wealth Management LLC and Family Financial Research LLC announced yesterday that they have joined forces.

By Michelisa Lanche
ADVISOR NEWS WIREHOUSES DEC 11, 2009
Merrill Lynch and Morgan Stanley Smith Barney go toe-to-toe for top brokers

The broker recruiting wars are heating up, with wirehouses jacking up their offers to new heights to lure more representatives in 2010.

By Bruce Kelly
RIAS RIA NEWS DEC 11, 2009
Bob McCann lures four Merrill Lynch vets to UBS

Just A few weeks after officially joining UBS AG as the head of its U.S. wealth management business, Bob McCann has snared four veterans from his former firm, Merrill Lynch & Co., to help improve UBS' financial advisory business here.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES DEC 10, 2009
Financial services biz adviser Accenture first to cut ties with Tiger

By Associated Press
RIAS RIA NEWS DEC 10, 2009
ING promotes execs to bolster multicultural outreach

ING today stepped up its multicultural outreach efforts by hiring a slate of new executives hailing from Latin America.

By Bloomberg
RIAS RIA NEWS DEC 10, 2009
Smaller trade deficit lifts stocks on the day

Stock indexes rose Thursday as a jump in exports offset concerns about an increase in weekly unemployment claims

By Associated Press
RIAS RIA NEWS DEC 10, 2009
Bank of England holds the line on base rate

The Bank of England is holding interest rates steady at 0.5 percent and leaving its 200 billion pound ($325 billion) program to expand the money supply unchanged.

By John Goff
RIAS RIA NEWS DEC 10, 2009
Weaker dollar pumps up stock futures

A weaker dollar and hopes for more good news on employment are lifting stock futures.

By Associated Press
ADVISOR NEWS REGULATION AND LEGISLATION DEC 10, 2009
Proposal would mean less oversight for some B-D auditors

An amendment to legislation to be considered today by the House Rules Committee could exempt accounting firms that audit certain broker-dealers from having to register with the Public Company Accounting Oversight Board.

By Sara Hansard
INVESTING LIFE INSURANCE AND ANNUITIES DEC 10, 2009
Indexed annuities as securities? Not until 2013, says the SEC

Insurers claimed a small victory in the indexed-annuities war, as the SEC said it will delay by two years the effective date of a proposed rule that would make the products securities.

By Darla Mercado
INVESTING LIFE INSURANCE AND ANNUITIES DEC 10, 2009
Life insurers seen getting back in black by year-end

Life insurers will be back in the black at the end of the year, reaping an estimated $16 billion in profits, according to new research from Conning Research and Consulting.

By Darla Mercado
ADVISOR NEWS WIREHOUSES DEC 10, 2009
Generous pay makes comeback on Wall St.

By Aaron Elstein
RIAS RIA NEWS DEC 10, 2009
Wells Fargo 3Q profit rises to $3.2 billion

Wells Fargo & Co. says its third-quarter profit nearly doubled from a year ago although it joins other big U.S. banks in reporting higher loan losses.

By Bloomberg
RIAS RIA NEWS DEC 10, 2009
E-Trade Financial prices public stock offering

The struggling online brokerage and bank looks to raise capital to pull itself out from under mortgage-related loan losses.

By Bloomberg
INVESTING ALTERNATIVES DEC 10, 2009
Just two CDS clearinghouses will survive, analysts say

Although five exchanges will soon vie to clear credit default swap trades in Europe and the United States, the number is likely to dwindle to one on each side of the Atlantic in the next couple of years, according to analysts and industry participants.

By Bloomberg
RIAS RIA NEWS DEC 09, 2009
Fairport Asset Management bids adieu to CEO and CIO

CEO said he's leaving as a result of strategic differences with the parent company

By Jed Horowitz
RIAS RIA NEWS DEC 09, 2009
Stocks mixed in early trading

Stocks are slightly lower in early trading as concerns about foreign debt problems offset a weaker dollar.

By Associated Press
RIAS RIA NEWS DEC 09, 2009
World markets fall on sovereign debt worries

World stock markets fell Wednesday amid ongoing worries about sovereign credit risks and ahead of a key budgetary policy statement from the British government.

By Associated Press
RIAS RIA NEWS DEC 09, 2009
Investors in Dubai don't buy, as market plunges

Dubai's main stock exchange plunged for a third straight day Wednesday as investors dumped holdings.

By Associated Press
RIAS RIA NEWS DEC 09, 2009
Stock futures point to a higher open

Stock futures are indicating a higher open on Wall Street Wednesday, bouncing back from the previous day's losses as the dollar resumes its decline.

By John Goff