Bloomberg

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INVESTING ETFS AUG 13, 2007
Index unit’s planned IPO sparks concerns about conflicts

PHILADELPHIA — Morgan Stanley’s plans to take its MSCI Inc. index unit public is raising concerns about conflicts of interest that may arise when an index company must answer to shareholders.

YOUR PRACTICE FINTECH AUG 13, 2007
Subprime exposure worries some advisers

Client portfolios may be affected by the fallout from turmoil in the subprime mortgage market — but advisers aren’t exactly sure where the problems may lie and don’t believe their software tools can give them timely answers.

NEWS INDUSTRY NEWS AUG 13, 2007
FINRA sweep scrutinizing withdrawals

Intensifying its recent focus on protecting retirees, the Financial Industry Regulatory Authority began last month a sweep of broker-dealers focusing on the use of exemptions in the tax code to withdraw money from retirement accounts for clients before they reach 59½.

NEWS REGULATION AND LEGISLATION AUG 13, 2007
Advisers remain concerned about target date fund ‘advice’

As the first anniversary of the Pension Protection Act approaches, financial advisers remain wary of target date mutual funds.

NEWS WIREHOUSES AUG 13, 2007
Fidelity shake-up creates angst among advisers

Financial advisers are reeling from the abrupt resignation of Ellyn A. McColgan last week from Fidelity Investments.

YOUR PRACTICE FINTECH AUG 13, 2007
Technology failure thwarts Linsco

An online-access snafu put a glitch in Linsco/Private Ledger Corp.’s plans to compete with the largest firms in the industry and left 7,000 financial advisers unable to place trades, view accounts or perform other routine tasks for most of last week.

NEWS INDUSTRY NEWS AUG 13, 2007
Midsize brokers take on big guns with new, creative pay packages

In order to take on the big boys of the independent broker-dealer market, some growing middle-tier firms are offering souped-up compensation packages in place of or along with big upfront checks.

RETIREMENT RETIREMENT PLANNING AUG 13, 2007
Coby Brooks challenges widows' bid for elective share of Hooters fortune

Coby Brooks, the son of the late founder and owner of the Hooters restaurant chain, is in an estate battle with his father's widow, arguing that a commonly used estate law is unconstitutional.

NEWS INDUSTRY NEWS AUG 13, 2007
Investors duck arbitration fees

As the Financial Industry Regulatory Association’s arbitration system faces mounting criticism for being too costly for investors, some industry observers are countering with a little-discussed fact: Investors routinely fail to pay a large portion of their securities arbitration bills.

NEWS RIAS AUG 13, 2007
RIA assets expected to soar by 2012

Assets under management for the average SEC-registered investment adviser are expected to leap 256% to $1.6 billion by the end of 2012, from $449.6 million at the end of 2006, according to a study that will be released tomorrow.