RIA News

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RIAS RIA NEWS AUG 11, 2008
The right role for international stocks

Over the past six years, international stocks — those of companies from both developed countries and emerging markets — have outperformed U.S. stocks by a wide margin.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 11, 2008
Securities America itches to make more acquisitions

Securities America Inc. has made a splash in the roiling mergers and acquisitions market for independent broker-dealers, and it could make more waves soon.

By Bloomberg
RIAS RIA NEWS AUG 11, 2008
David Devoe

When David Devoe talks about mergers and acquisitions among RIA firms, advisers pay attention.

By Bloomberg
RIAS RIA NEWS AUG 11, 2008
Uncorking a new asset class

The practice of fine wine investing, which has appealed to wealthy and sophisticated collectors for ages, is coming out of the cellar and could emerge as a legitimate alternative-asset class.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES AUG 11, 2008
Variable's loss is fixed's gain

Because of slumping second-quarter sales of variable annuities, industry observers believe fixed annuities could benefit.

By Bloomberg
RIAS PRACTICE MANAGEMENT AUG 11, 2008
Advisers urge clients to prepare for potential layoffs

As layoffs rise, some financial advisers are encouraging their clients to come up with contingency plans in case they lose their jobs.

By Darla Mercado
RIAS RIA NEWS AUG 08, 2008
Oil prices drop

Oil prices tumbled this morning on news of a stronger dollar, despite fears over a supply shortage after the threat of a terrorist attack.

By Bloomberg
RIAS RIA NEWS AUG 08, 2008
UBS to buy back $19.4 billion of ARS

UBS AG has agreed to buy back $19.4 billion in auction rate securities on which the value collapsed in February.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES AUG 08, 2008
Principal report focuses on retirement income

The Principal Financial Group has released a white paper that examines the four methods of providing retirees with income.

By Bloomberg
RIAS RIA NEWS AUG 08, 2008
U.S. productivity up 2.3%

Second quarter data was not as strong as the 2.5% rate that had been predicted by economists polled by Thomson Reuters.

By Bloomberg
RIAS RIA NEWS AUG 07, 2008
Merrill plans $10 billion ARS buyback

The nation's largest brokerage firm will buy securities held by 30,000 clients.

By Bloomberg
RIAS RIA NEWS AUG 07, 2008
SEC settles with Citigroup over ARS

The Securities and Exchange Commission has announced a “preliminary settlement” with Citigroup.

By Bloomberg
RIAS RIA NEWS AUG 07, 2008
Turnaround seen in consumer confidence

Falling oil prices and a recovering stock market have halted the precipitous drop in consumer confidence prevalent throughout 2008, according to new data.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES AUG 07, 2008
Marsh & McLennan profits plunge 63%

Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.

By Bloomberg
RIAS RIA NEWS AUG 07, 2008
Massachusetts pension board fires five managers

The Massachusetts pension board fired five managers, including Legg Mason Capital Management.

By mstrickberger
RIAS RIA NEWS AUG 07, 2008
CLA awards finalists unveiled

Twelve finalists for the second annual Community Leadership Awards have been named.

By Bloomberg
RIAS RIA NEWS AUG 07, 2008
Euro central bank leaves rates unchanged

The European Central Bank — the central bank for the Eurozone currency area — today decided to leave its three key benchmark interest rates unchanged.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES AUG 06, 2008
Gabelli to raise $200M for buyouts

Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.

By Bloomberg
RIAS RIA NEWS AUG 06, 2008
Freddie, Ambac, others report earnings

Freddie Mac of McLean, Va., today reported a second-quarter loss of $821 million, a decline of $1.63 per diluted share.

By mstrickberger
RIAS RIA NEWS AUG 06, 2008
Securities America acquires Brecek & Young

Ameriprise Financial Inc. has made a splash in the roiling M&A acquisitions market for independent broker-dealers.

By Bloomberg