Worried about client returns as we head toward another possible downturn? Want to find an undiscovered or overlooked manager to get in with early? …
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.…
Study found that Vanguard ETFs capture about $5.5 million in assets per advisor vs. $5.7 million for iShares. …
Chartered financial analyst Margaret E. Franklin has been elected chair of the board of governors of CFA Institute. Franklin is president and CEO of Kinsale Private Wealth in Toronto. …
Consumer confidence fell to a six-month low, according to the RBC Consumer Outlook Index.…
In the wake of the recall of over half a billion eggs due to contamination by salmonella, economic losses are still being calculated; how much of those losses are insured is yet to be determined. …
Pinnacle Capital Markets also assessed penalty by FinCEN.…
Champagne, chocolate, and local foods all boast environmental benefits.…
Pending home sales rose in July as mortgage rates hit new lows and mortgage applications increased, showing that the U.S. housing market is a bargain now for those who can take advantage of it.…
Investment advisor Sandra Venetis of Branchburg, New Jersey, and three of her firms have been charged with operating a multimillion-dollar offering fraud.…
Although they took a hit from the recession and from factors endemic to a relatively young product, life settlements are on their way back up, according to stories from NU Online News Service. …
BNY Mellon has completed its purchase of the Toronto wealth management boutique I3 Advisors, the firm said in a statement on Tuesday, September 1. …
The Securities and Exchange Commission (SEC) on Thursday, September 2, adopted a temporary rule that allows municipal securities advisors to get a jump start on registering with the Commission.…
The accounting and consulting firm Ernst & Young LLP is getting into the “transaction and capital advisory services” business, starting up a new broker-dealer, Ernst & Young Capital Advisors, LLC (EYCA). …
Unemployed workers filing jobless claims decreased by 6,000 in the last week, following a decline of 31,000 in the previous week, and continuing claims dropped 23,000, U.S. government figures released Thursday, September 2 show.…
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High performance and low assets yield good opportunity 9/2/2010 12:00:00 AM By John Sullivan Worried about client returns as we head toward another possible downturn? Want to find an undiscovered or overlooked manager to get in with early? Fed chief tells panel that the ‘too-big-to-fail problem must be solved’ 9/2/2010 12:00:00 AM By (AP) Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. Study found that Vanguard ETFs capture about $5.5 million in assets per advisor vs. $5.7 million for iShares 9/2/2010 12:00:00 AM By Janet P. Levaux Study found that Vanguard ETFs capture about $5.5 million in assets per advisor vs. $5.7 million for iShares. CFA also taps Dan Meader as vice chair and four new governors 9/2/2010 12:00:00 AM By Joyce Hanson Chartered financial analyst Margaret E. Franklin has been elected chair of the board of governors of CFA Institute. Franklin is president and CEO of Kinsale Private Wealth in Toronto. Personal financial outlook is optimistic, though 9/2/2010 12:00:00 AM By Danielle Andrus Consumer confidence fell to a six-month low, according to the RBC Consumer Outlook Index. Losses costly; coverage not yet known 9/2/2010 12:00:00 AM By Marlene Y. Satter In the wake of the recall of over half a billion eggs due to contamination by salmonella, economic losses are still being calculated; how much of those losses are insured is yet to be determined. Pinnacle Capital Markets also assessed penalty by FinCEN 9/2/2010 12:00:00 AM By Melanie Waddell Pinnacle Capital Markets also assessed penalty by FinCEN. Some luxury products are boasting environmental benefits 9/2/2010 12:00:00 AM By Marlene Y. Satter Champagne, chocolate, and local foods all boast environmental benefits. Home buyers for the rest of 2010 have an edge over sellers 9/2/2010 12:00:00 AM By Joyce Hanson Pending home sales rose in July as mortgage rates hit new lows and mortgage applications increased, showing that the U.S. housing market is a bargain now for those who can take advantage of it. Elderly clients bilked through promises of ‘loophole’ returns 9/2/2010 12:00:00 AM By Marlene Y. Satter Investment advisor Sandra Venetis of Branchburg, New Jersey, and three of her firms have been charged with operating a multimillion-dollar offering fraud. Down but not out, life settlements on the rise again 9/2/2010 12:00:00 AM By Marlene Y. Satter Although they took a hit from the recession and from factors endemic to a relatively young product, life settlements are on their way back up, according to stories from NU Online News Service. Canada’s high-net-worth market is attracting big overseas wealth managers 9/2/2010 12:00:00 AM By Michael S. Fischer BNY Mellon has completed its purchase of the Toronto wealth management boutique I3 Advisors, the firm said in a statement on Tuesday, September 1. Dodd-Frank requires municipal advisors to register with the SEC by October 1 9/2/2010 12:00:00 AM By Melanie Waddell The Securities and Exchange Commission (SEC) on Thursday, September 2, adopted a temporary rule that allows municipal securities advisors to get a jump start on registering with the Commission. Launches new broker-dealer focused on investment banking and M&A 9/2/2010 12:00:00 AM By Kathleen M. McBride The accounting and consulting firm Ernst & Young LLP is getting into the “transaction and capital advisory services” business, starting up a new broker-dealer, Ernst & Young Capital Advisors, LLC (EYCA). Continuing jobless claims also decrease ahead of Friday’s monthly U.S. jobs report 9/2/2010 12:00:00 AM By Joyce Hanson Unemployed workers filing jobless claims decreased by 6,000 in the last week, following a decline of 31,000 in the previous week, and continuing claims dropped 23,000, U.S. government figures released Thursday, September 2 show. Europe’s forecast sees mild growth in 2011, but is tinged with uncertainty 9/2/2010 12:00:00 AM By (AP) The European Central Bank raised its growth forecast for this year and next after a healthy second-quarter performance from the 16 countries that use the euro. GM, Ford, Toyota, Honda all showed monthly and yearly declines 9/1/2010 12:00:00 AM By (AP) Americans nervous about the drumbeat of bad economic news stayed away from auto showrooms. Automakers nervous about their bottom lines didn't offer deals to lure them in. Strong reports on U.S. and China manufacturing and Australia GDP fuel rise 9/1/2010 12:00:00 AM By (AP) Stocks jumped Wednesday, September 1, after surprisingly strong growth in U.S. and Chinese manufacturing allayed some of the worries that had been building over the global economy in recent weeks. The bank began letting legacy Wachovia advisors set their own tax-withholding level on commissions in August, after automatically withholding 25% for the past seven months 9/1/2010 12:00:00 AM By Janet P. Levaux The bank began letting legacy Wachovia advisors set their own tax-withholding level on commissions in August, after automatically withholding 25% for the past seven months. ‘Incorrect perception that Lehman did not have sufficient capital’ also cited 9/1/2010 12:00:00 AM By John Sullivan Richard Fuld, former chairman and chief executive of now-defunct Lehman Brothers, testified before the Financial Crisis Inquiry Commission on Wednesday, September 1. Less educated, younger workers also showed lower rates 9/1/2010 12:00:00 AM By Danielle Andrus In a survey of American workers employed full-time, lower-paid employees showed a more limited understanding of life insurance than those with higher incomes. State works with Vanguard to reduce expenses 9/1/2010 12:00:00 AM By John Sullivan New York State Comptroller Thomas DiNapoli announced earlier this week that his office would reduce fees associated with the state's 529 College Savings Program Direct Plan. Spill originator is not sole party at risk 9/1/2010 12:00:00 AM By Marlene Y. Satter Spill originator is not sole party at risk. Election rates for guaranteed living benefit riders increased 18% 9/1/2010 12:00:00 AM By Danielle Andrus Part of the reason for variable annuities' increased popularity in the second quarter may be explained by the success of guaranteed living benefit riders. Option offers greater flexibility but not one-size-fits-all 9/1/2010 12:00:00 AM By Marlene Y. Satter Option offers greater flexibility but not one-size-fits-all. NRSROs should implement sufficient internal controls over policies, procedures, and methodologies used to determine credit ratings 9/1/2010 12:00:00 AM By Melanie Waddell NRSROs should implement sufficient internal controls over policies, procedures, and methodologies used to determine credit ratings. Volatility of economic data adds up to ‘flat,' but market surges 9/1/2010 12:00:00 AM By Joyce Hanson The overall effect of all the economic data rolling in on Wednesday, September 1, was flat as the ISM manufacturing report showed strength but the ADP jobs report showed weakness. Investors risk serious losses for holding periods longer than a day or two 9/1/2010 12:00:00 AM By Michael S. Fischer Investors risk serious losses for holding periods longer than a day or two. Sales in Q3 likely to increase 10% over Q2, Beacon Research predicts 9/1/2010 12:00:00 AM By Melanie Waddell U.S. sales of fixed annuities totaled an estimated $19.4 billion in the second quarter, an 18% jump from first-quarter sales, according to Beacon Research’s Fixed Annuity Premium Study released Monday. Some outsourced, third-party functions are overlooked 9/1/2010 12:00:00 AM By Marlene Y. Satter Some outsourced, third-party functions are overlooked. Women carry nearly half the coverage as men, study finds 9/1/2010 12:00:00 AM By Marlene Y. Satter Women carry nearly half the coverage as men, study finds.
9/1/2010 12:00:00 AM By Ben Warwick As new home sales decline to the lowest levels since the government began tracking them in 1963. Shares policy solutions to improve retirement security 8/31/2010 12:00:00 AM By Danielle Andrus The National Institute for Retirement Security released Monday, August 30, a conference report outlining policy solutions to improve retirement security. Almost every share class experienced reduction in fees 8/31/2010 12:00:00 AM By Danielle Andrus A report released Tuesday, August 31, from the Insured Retirement Institute found the cost of variable annuities fell in the second quarter of 2010. New users expected to ‘more than double’ with one year 8/31/2010 12:00:00 AM By John Sullivan Fidelity Investments announced Tuesday, August 31, that the number of RIA client firms now using its Web-based custodial system, called WealthCentral, had surpassed 600. The four largest broker-dealers have about 60%, or $1.1 trillion, of the industry’s managed assets, down from 64% last year, according to a recent study 8/31/2010 12:00:00 AM By Janet P. Levaux The four wirehouses continue to dominate the list of sponsors of separately managed accounts for the second quarter of this year, according to a research report just issued by the Money Management Institute and Dover Financial Research. Four confidence indexes released in two days feature worries about unemployment 8/31/2010 12:00:00 AM By Joyce Hanson Four confidence indexes, including the Rydex|SGI AdvisorBenchmarking survey and the Conference Board index, signal a bumpy ride for the U.S. economy. Unclear whether SEC will seek input on study of FINRA as SRO for advisors 8/31/2010 12:00:00 AM By Melanie Waddell Unclear whether SEC will seek input on study of FINRA as SRO for advisors. In August meeting, attempts made to answer tough questions 8/31/2010 12:00:00 AM By John Sullivan The minutes of the Federal Open Markets Committee’s meeting on August 10 show officials confused and struggling with the issue of high unemployment. ‘Must-read’ papers include diverse views about fiduciary duty as applied to advice to investors 8/31/2010 12:00:00 AM By Kathleen M. McBride ‘Must-read’ papers include diverse views about fiduciary duty as applied to advice to investors. Banks make record profits but more are labeled ‘troubled’ 8/31/2010 12:00:00 AM By (AP) A mixed picture of U.S. banks emerged Tuesday as the industry posted its highest quarterly earnings in nearly three years while the number of troubled institutions grew by more than 50. A new book from some leading financial thinkers asks: ‘What is the financial system for?’ 8/31/2010 12:00:00 AM By Kathleen M. McBride The London School of Economics (LSE) is publishing a new book, The Future of Finance: The LSE Report, which asks: “What is a financial system for?” Attracted by promises of high returns? Think Madoff 8/31/2010 12:00:00 AM By Michael S. Fischer Attracted by promises of high returns? Think Madoff. Home price gains slower versus May, and outlook is not promising 8/31/2010 12:00:00 AM By Joyce Hanson With this spring’s tax credit still working its way through the housing market, the price of U.S. homes rose 1% in June for the third consecutive month, according to the Standard & Poor’s Case-Shiller index released Tuesday, August 31. Insurance also posts increased earnings 8/30/2010 12:00:00 AM By Danielle Andrus Insurance also posts increased earnings Rising prices in commodity stocks signals investors don't fear a double-dip recession. 8/30/2010 12:00:00 AM By Danielle Andrus Rising prices in commodity stocks signals investors don't fear a double-dip recession. Schwab RIAs to gain lower-cost access to Boston-based firm’s three portfolios 8/30/2010 12:00:00 AM By James J. Green Charles Schwab Corp. announced Monday, August 30, that it has agreed to acquire Boston-based Windward Investment Management, Inc., for $150 million in stock and cash. Report is called “Dynamic Allocation Decisions in the Presence of Funding Ratio Constraints” 8/30/2010 12:00:00 AM By Kathleen M. McBride Report is called “Dynamic Allocation Decisions in the Presence of Funding Ratio Constraints.” Cetera said it had hired Mark Palmer as the firm’s national sales manager after tapping Barnaby Grist in February 8/30/2010 12:00:00 AM By Janet P. Levaux Cetera Financial Group, formerly ING Advisors Network, said Monday it had hired Mark Palmer as the firm’s national sales manager. 62% of small business owners say economy is getting worse 8/30/2010 12:00:00 AM By Joyce Hanson Small business owners’ confidence in the economy soured significantly from July to August in the largest one-month decline since November 2009, according to the Discover Small Business Watch released Monday, August 30. Major work on six-month study likely done by late October or early November 8/30/2010 12:00:00 AM By Melanie Waddell Monday, August 30, marks the last day the Securities and Exchange Commission (SEC) officially accepts comment letters regarding the study the securities regulator is to conduct on putting brokers under a fiduciary standard of care. Wilmington Trust Corp. has named veteran wealth advisor Lawrence Gore president of the New York office of Wilmington Trust FSB, the firm announced Monday 8/30/2010 12:00:00 AM By Michael S. Fischer Wilmington Trust Corp. has named veteran wealth advisor Lawrence Gore president of the New York office of Wilmington Trust FSB, the firm announced Monday. Number of U.S. households with no life insurance is growing, other financial priorities cited 8/30/2010 12:00:00 AM By John Sullivan The Trends in Life Insurance Ownership study, conducted every six years by the life insurance lobbying and marketing organization, found that only 44% of U.S. households have individual life insurance. Profits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB’s larger advisor force. 8/30/2010 12:00:00 AM By Janet P. Levaux Profits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB’s larger advisor force. In 20th annual balloting, Prospera, Geneos, CFG/H.Beck, and Cambridge chosen by reps 8/30/2010 12:00:00 AM By James J. Green Investment Advisor announced Monday, August 30, the results of its 20th annual readers’ poll for the 2010 Broker/Dealers of the Year. Sentiment is at highest level since March 2008 8/30/2010 12:00:00 AM By (AP) Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August, the European Commission said Monday. Consumer spending increased 0.4% as disposable income rose only 0.2% 8/30/2010 12:00:00 AM By Joyce Hanson American consumers earned more in July, but they also spent more and saved less, according to the Commerce Department.
8/30/2010 12:00:00 AM By James J. Green What's happening this week. Moves are criticized as ineffective 8/30/2010 12:00:00 AM By (AP) Japan's government and the central bank threw the economy a double lifeline on Monday, seeking to contain a strong yen and revive a faltering recovery. Many comments already have been submitted 8/29/2010 12:00:00 AM By James J. Green Many comments already have been submitted. Bank is major presence in sports sponsorships across the world 8/29/2010 12:00:00 AM By James J. Green Bank is major presence in sports sponsorships across the world. Markets unable to find certainty as economy seesaws 8/29/2010 12:00:00 AM By Marlene Y. Satter With reports on jobs, services, and manufacturing in the wings for the month of September, investors are bracing for dark skies ahead. Argument continues as investors seek yield and safety 8/29/2010 12:00:00 AM By Marlene Y. Satter Long-term investors and those seeking safety not found these days in the stock markets have been fleeing to bonds, giving rise to speculation about a “bond bubble.” Bradley offers insight on the rise of the RIA industry and where it’s headed next 8/27/2010 12:00:00 AM By John Sullivan Bradley offers insight on the rise of the RIA industry and where it’s headed next. GDP was not as bad as some feared and Fed is ready to support economy 8/27/2010 12:00:00 AM By (AP) Stocks posted solid gains Friday, August 27, after Fed Chairman Ben Bernanke delivered reassuring words on the economy and as U.S. growth turned out to be better than expected this spring. Financial experts share several ways advisors can use a little-known portfolio tool to lower risk for their clients and improve diversification 8/27/2010 12:00:00 AM By Jane Wollman Rusoff Financial experts share several ways advisors can use a little-known portfolio tool to lower risk for their clients and improve diversification. A little-known portfolio tool can help advisors reduce risk for their clients in severe market slides, financial experts say 8/27/2010 12:00:00 AM By Jane Wollman Rusoff A little-known portfolio tool can help advisors reduce risk for their clients in severe market slides, financial experts say. Is a Roth conversion in your client’s best interest—or is it a roll of the dice? 8/27/2010 12:00:00 AM By Staff Writer Is a Roth conversion in your client’s best interest—or is it a roll of the dice? In transparent process, industry misinformation shows up. Let us clear it up. 8/27/2010 12:00:00 AM By Kathleen M. McBride In transparent process, industry misinformation shows up. Let us clear it up. New benchmark is designed to manage investment risk 8/27/2010 12:00:00 AM By Michael S. Fischer The Nasdaq OMX Group Inc. and DWS Investments, the U.S. retail unit of Deutsche Bank’s global asset management division, have launched a new benchmark designed to provide exposure to the Nasdaq-100 Index in a risk-controlled manner. Economy is limping along at a 1.6% pace, but corporate profits remain strong 8/27/2010 12:00:00 AM By Ron Pechtimaldjian A revised estimate of second-quarter GDP on Friday, August 27, showed that the economy grew at 1.6% annual pace, down sharply from the government’s first estimate of 2.4%. While economic growth has slowed, Fed chief sees growth in 2011 and beyond 8/27/2010 12:00:00 AM By Melanie Waddell Federal Reserve Chairman Ben Bernanke said Friday that inflation should remain “subdued for some time, with low risks of either a significant increase or decrease from current levels.” Africa’s key market returned over 13 % in past decade 8/27/2010 12:00:00 AM By Willette Francis According to a white paper released recently by Nile Capital Management, LLC, several of Africa's emerging and frontier markets are attractive and should be considered in an investor’s asset allocation strategy. Keynote speakers will include Chris Hughes, co-founder of Facebook, and Biz Stone, co- founder of Twitter 8/27/2010 12:00:00 AM By Willette Francis Charles Schwab IMPACT 2010 Conference will focus on technology at the annual conference from October 26-29, as advisor registration has already outpaced last year’s numbers, according to Schwab on Thursday. August marks the 75th birthday for the New Deal stalwart, but is it a happy one? 8/26/2010 12:00:00 AM By John Sullivan August marks the 75th birthday for the New Deal stalwart, but is it a happy one? |
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