Bloomberg

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NEWS REGULATION AND LEGISLATION JUL 09, 2007
12(b)-1 fees come under attack again

On the heels of the federal appeals court decision rejecting fee-based brokerage accounts, brokers are facing yet another challenge from consumer advocates who are questioning whether 12(b)-1 fees are being used illegally.

NEWS WIREHOUSES JUL 09, 2007
Remaining regional firms say, ‘We’re not for sale’

As the number of regional brokerage firms dwindles, executives at those that remain insist they’re better off staying independent.

NEWS INDUSTRY NEWS JUL 09, 2007
Multifamily offices rethink their pricing

Pressed by very wealthy clients who feel they are overpaying, and under cost pressures of their own, multifamily offices increasingly are searching for alternatives to asset-based fees, according to industry executives and observers.

RETIREMENT RETIREMENT PLANNING JUL 09, 2007
CFA Institute faces trademark battle in India

A long-running trademark battle is threatening to derail the expansion of the CFA Institute in what has become one of the fastest-growing markets for financial planning professionals.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 09, 2007
Mergers of advisers and benefit firms seen as a natural fit

Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 09, 2007
Mother-daughter firm finds its sweet spot

Cynthia Keithley, principal of Keithley Investment Group LLC, goes to almost any length to serve her small-fry clients.

INVESTING MUTUAL FUNDS JUL 09, 2007
Trading costs have predictive power

Forget expense ratios. Portfolio trading costs can be an even bigger drag on mutual fund performance.

INVESTING MUTUAL FUNDS JUL 09, 2007
Vanguard’s fund inflows top rivals’ in first five months

BOSTON — Fidelity Investments and American Funds lagged behind The Vanguard Group Inc. in stock and bond mutual fund sales for this year through May as investor appetite for low-cost index and exchange traded funds increased.

INVESTING MUTUAL FUNDS JUL 06, 2007
Old Mutual eyes U.S. expansion

Old Mutual of London is planning to significantly expand its asset-management division in the U.S., according to MarketWatch.

INVESTING MUTUAL FUNDS JUL 06, 2007
ICAP fund manager dies

Robert Lyon, former CEO and CIO of Institutional Capital Corp., died earlier this week at the age of 57.