RIA News

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RIA NEWS JAN 04, 2009
Capsule: Mark Tibergien, Pershing Advisor Solutions

"It's going to be a tough year for advisers. They will experience real pressure in profitability and in attracting clients, but I think we will see that the strong firms will emerge even stronger, while some of the weaker firms will merge."

By Bloomberg
RIA NEWS JAN 04, 2009
Capsule: Nick Stonnnington, Stonnington Group LLC

The country is about to enter "an era of sustainability" that will affect both the economy and the financial markets.

By Bloomberg
RIA NEWS JAN 04, 2009
Art slumps along with other asset classes

As the art world's next major round of auctions begins this month, buyers and sellers will encounter a market as depressed as that for stocks and real estate.

By Bloomberg
WIREHOUSES JAN 04, 2009
Wirehouse grids squeeze low producers

By Bloomberg
RIA NEWS DEC 31, 2008
Welcome drop in jobless claims ends year

First time jobless claims fell by 94,000 for the week ended Dec. 27, the Department of Labor reported today.

By Bloomberg
RIA NEWS DEC 30, 2008
Documenting charitable contributions

In order to receive a deduction for charitable contributions in 2008, the client must meet new, stricter substantiation rules.

By Bloomberg
RIA NEWS DEC 30, 2008
Consumer confidence tumbles

The Conference Board Consumer Confidence Index fell to a reading of 38 in December, down from 44.7 in November and matching the record low set in October.

By Bloomberg
RIA NEWS DEC 29, 2008
Advisers' spirits rise as year ends

Advisers’ confidence in the economy and the stock market improved for the second consecutive month in December, according to Rydex AdvisorBenchmarking’s Advisor Confidence Index.

By Bloomberg
RIA NEWS DEC 24, 2008
After uptick, spending fell in November

Personal spending fell 0.6% in November, as job losses began to mount and the economy continued to slow, according to the Department of Commerce.

By Bloomberg
RIA NEWS DEC 23, 2008
Lower prices thaw consumer fears

Consumer took some heart in December, as lower prices have provided a measure of relief to jittery Americans fretting about continued job losses and decreasing incomes.

By Bloomberg
RIA NEWS DEC 23, 2008
Plunge seen for fourth-quarter GDP

Economists are expecting an even steeper drop in gross domestic product numbers for the fourth quarter than final Department of Commerce third-quarter numbers, released today.

By Bloomberg
RIA NEWS DEC 23, 2008
Low-yield Treasuries can benefit estates

Because current yields on Treasury obligations are at historic lows, certain estate planning techniques can be very attractive.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 22, 2008
Nationwide units slip in S&P ratings

Standard and Poor’s Ratings Services today lowered its counterparty credit and financial ratings on Nationwide Financial, the life insurance division of Columbus, Ohio-based Nationwide Mutual Insurance Co., to A+, from AA-.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 22, 2008
Mass Mutual unit battered by Madoff fallout

Tremont Group Holdings, which is owned by OppenheimerFunds Inc., a subsidiary of Massachusetts Mutual, had $3.3 billion invested with Mr. Madoff — more than half of its total $5.8 billion under management.

By Bloomberg
WIREHOUSES DEC 19, 2008
Wirehouses dodge major Madoff fallout

The wirehouses appear to have escaped major exposure to Bernard Madoff's alleged Ponzi scheme.

By Bloomberg
RIA NEWS DEC 18, 2008
Last of KPMG defendants found guilty

A federal jury yesterday convicted two former KPMG LLP executives and a tax lawyer of tax-evasion charges in one of the largest tax-shelter cases of all time, according to published reports.

By Bloomberg
WIREHOUSES DEC 18, 2008
Opinion: Is Schapiro up to the job?

Does Mary Schapiro have the right stuff to take on the big firms? Although praise is coming in from many quarters for the nomination of the Finra chief to head up the Securities and Exchange Commission, there may be cause for concern.

By Bloomberg
RIA NEWS DEC 17, 2008
Morgan Stanley posts stunning $2.4 billion loss

Chief executive John Mack sounds the retreat from Morgan Stanley's swashbuckling days after the firm ost $2.34 per share for the quarter ended Nov. 30.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 17, 2008
Madoff’s alleged mega-scam hits insurance

Axa SA of Paris, Massachusetts Mutual Life Insurance Co. of Springfield and Swiss Reinsurance Co., as well as other all-star companies, have also been exposed to Mr. Madoff’s alleged $50 billion Ponzi scheme.

By Bloomberg
RIA NEWS DEC 16, 2008
Consumer price index toppled 1.7% in November

The consumer price index, which measures the cost of living, fell by a record 1.7% in November, as gasoline and other energy prices plunged, according to a Department of Labor report.

By Bloomberg