RIA News

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INVESTING LIFE INSURANCE AND ANNUITIES DEC 11, 2007
LIFE Foundation names new leader

The Life and Health Insurance Foundation for Education yesterday chose Marvin H. Feldman as the group’s president and CEO.

By Bloomberg
RIAS RIA NEWS DEC 11, 2007
H&R Block to post $500 million loss

The tax preparer's second quarter saw the shuttering of its troubled Option One Mortgage business.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES DEC 10, 2007
The Hartford reports high-flying year

The insurance firm forecast core per-diluted-share earnings in the $9.80 to $10.20 range.

By Bloomberg
RIAS RIA NEWS DEC 10, 2007
SIMFA predicts slow economic growth

The U.S. economy will grow a sluggish 2.1% in 2008 according to the SIFMA's Economic Advisory Roundtable.

By Bloomberg
RIAS RIA NEWS DEC 10, 2007
Despite returns, advisers bullish on managed futures

The performance of managed futures is languishing, but that hasn't diminished their appeal among financial advisers.

By Bloomberg
ADVISOR NEWS WIREHOUSES DEC 10, 2007
UBS, 2 reps hit with rare award on punitive damages

A stunning $4.6 million award against UBS Financial Services Inc. and two of its brokers late last month revealed how irate the arbitrators were with UBS.

By Bloomberg
RIAS RIA NEWS DEC 10, 2007
Bacon pays sizzling $175 million for ranch

Maybe the housing market isn't tanking after all. Hedge fund manager Louis Bacon, head of New York-based Moore Capital Management LLC, last month bought the Forbes family's Colorado ranch for what is believed to be the largest sum ever paid for a home purchase in the United States: $175 million.

By Bloomberg
RIAS RIA NEWS DEC 10, 2007
Upper crust seeks advice before donating

Very wealthy or entrepreneurial investors seek advice before they decide to donate to charity.

By Bloomberg
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 10, 2007
Ameriprise unit loses top rep to First Allied

As Securities America Inc. deals with the sting of losing one of its biggest advisers, the independent broker-dealer continues to tighten its compliance practices and procedures.

By Bloomberg
RIAS RIA NEWS DEC 10, 2007
More children seen vulnerable to 'kiddie tax'

More children could be trapped by the dreaded "kiddie tax" this year.

By Bloomberg
RIAS RIA NEWS DEC 10, 2007
True wealth realized by pursuing passions

Building wealth beyond dollars for clients is more challenging and gratifying than peppering their holdings with the latest hot stock pick or designing a soundly diversified portfolio.

By Bloomberg
RIAS RIA NEWS DEC 07, 2007
Consumer optimism rebounds after drop

Consumer sentiment stabilized in November after a steep decline in October, according to the RBC CASH Index.

By Bloomberg
RIAS RIA NEWS DEC 07, 2007
Lewis bullish on Bear Stearns stake

Billionaire Joseph Lewis has raised his stake in Bear Stearns to 8.01%, according to a filing with the SEC.

By Bloomberg
RIAS RIA NEWS DEC 07, 2007
Jobs uptick reported in November

The economy added 94,000 jobs in November, according to a Department of Labor report.

By Bloomberg
INVESTING LIFE INSURANCE AND ANNUITIES DEC 07, 2007
Insurers lobby for regulation options

Two organizations want insurers to have the option of being regulated federally or by the states.

By Bloomberg
RIAS RIA NEWS DEC 06, 2007
Study profiles high-net-worth donors

The Bank of America report identifies 12 donor types and how they go about giving away their money.

By Bloomberg
RIAS RIA NEWS DEC 06, 2007
Schwab cuts minimum on charitable accounts

Schwab Charitable Fund has reduced the minimum donation to open a charitable gift account from $10,000 to $5,000.

By Bloomberg
INVESTING EMERGING MARKETS DEC 06, 2007
Brawny euro's interest rate holds steady

The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.

By Bloomberg
RIAS RIA NEWS DEC 06, 2007
Thain to nab $2.6 million in Merrill stock

Merrill's new CEO will receive 46,304 shares of restricted stock that will vest over the next three years.

By Bloomberg
RIAS RIA NEWS DEC 05, 2007
Millionaires, merely affluent lose faith

The Spectrem Millionaire Investor Index fell 11 points in November to a reading of 3.

By Bloomberg