RIA News

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RIA NEWS OCT 12, 2008
Hard times are forcing parents to cut back on college saving

The nation's faltering economy is forcing many parents to put off saving money for their kids' college education.

By Bloomberg
RETIREMENT PLANNING OCT 12, 2008
House Democrats contemplate abolishing 401(k) tax breaks

Powerful House Democrats are eyeing proposals to overhaul the nation's $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.

By Bloomberg
RIA NEWS OCT 12, 2008
Building a 'sportfolio'

Those who are fuzzy about how the stock market works can now learn the fundamentals of investing by relating it to sports.

By Bloomberg
WIREHOUSES OCT 12, 2008
Wirehouse reps' futures hanging in limbo

Wirehouse representatives have been on tenterhooks since last week, awaiting the fate of their parent companies — while at the same time trying to deal with the market meltdown.

By Bloomberg
RIA NEWS OCT 10, 2008
Trade gap narrows in August

In a rare piece of positive economic data, lower energy prices in July sent the trade deficit down 3.5% in August, according to data from the Department of Commerce.

By Bloomberg
RIA NEWS OCT 10, 2008
‘We’re in this together,’ says Bush

In an effort the calm the nerves of anxious Americans, President George W. Bush this morning said that the government is acting to resolve the financial crisis, which has mostly been driven by “uncertainty and fear.”

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 10, 2008
Prudential forecasts dismal 3Q results

Prudential Financial Inc. yesterday pre-released third quarter results for its financial services businesses, warning investors of large investment losses.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 09, 2008
Insurance carriers eye merger option

MetLife Inc. of New York recently approached Hartford (Conn.) Financial Services Group Inc. about a merger, insiders told The Wall Street Journal.

By Bloomberg
RIA NEWS OCT 08, 2008
RBC to buy back $800 million IN ARS

RBC Capital Markets Corp. of New York will buy back up to $800 million in auction rate securities from more than 2,000 investors under a preliminary settlement announced today by the Securities and Exchange Commission and state securities regulators.

By Bloomberg
RIA NEWS OCT 07, 2008
1031 exchanges allow flexibility, defer taxes

By following some very specific rules set forth by the Internal Revenue Service, your client can choose to participate in a Section 1031 exchange and defer payments of federal income taxes on the gains.

By Bloomberg
RIA NEWS OCT 06, 2008
BofA books 68% profit decline

The Charlotte, N.C.-based investment bank said its net income fell to $1.18 billion, or 15 cents per share, from $3.7 billion, or 82 cents per share, a year ago.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 06, 2008
Banks’ annuity revenue jumps

Bank revenue from the sale of annuities rose 39.6% in the first half to $1.3 billion, from $935.9 million in the first half of 2007, according to a report released today by bank insurance consulting firm Michael White Associates LLC of Radnor, Pa.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 06, 2008
Hartford to receive $2.5B infusion from Allianz

Under the terms of the binding agreement, Allianz will purchase, at $31 per share, $750 million in preferred shares convertible to common stock.

By Bloomberg
RIA NEWS OCT 05, 2008
Suds stocks' flat returns go down smooth

Beer drinkers are keeping their mugs full even as the economy heads south and Wall Street suffers week after week.

By Bloomberg
RIA NEWS OCT 05, 2008
Advisers urge clients to bolster their cash reserves

The worsening housing crisis and unprecedented unraveling of the financial services sector is causing many financial planners to recommend to clients that they boost emergency cash reserves and, in some cases, delay retirement plans.

By Bloomberg
RIA NEWS OCT 05, 2008
Intermediaries speak out

Despite the recent market upheaval, more financial intermediaries are increasing their investments in equity funds than are decreasing them, according to a survey by kasina LLC.

By Bloomberg
RIA NEWS OCT 03, 2008
Non-manufacturing sector slows to a crawl

The non-manufacturing sector is experiencing anemic growth, reflecting difficult economic times and the financial crisis.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 03, 2008
Fraudsters face SEC charges

The Securities and Exchange Commission today charged five brokers in the Los Angeles area with securities fraud.

By Bloomberg
RIA NEWS OCT 03, 2008
Job losses jar economy

The U.S. economy shed 159,000 jobs in September, marking the highest number of jobs cut since March 2003.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 03, 2008
AIG to jettison businesses

Not mentioning its broker-dealer network, AIG said it wants to sell a number of business lines, but not its core property and casualty insurance lines.

By Bloomberg