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NEWS INDUSTRY NEWS JUN 04, 2007
Regulators see risks in new products for boomers

CHICAGO — Wall Street’s eagerness to develop and sell exotic new products to the nation’s growing ranks of retirees is worrying regulators.

NEWS OPINION JUN 04, 2007
Qualified-default-investment alternatives and you

NEWS INDUSTRY NEWS JUN 04, 2007
Canada will allow deductions for foreign acquisitions

OTTAWA — A funny thing happened on the way to a “hollowed out” corporate Canada. Instead of foreigners’ taking over Canadian companies and moving top jobs and decision making offshore (InvestmentNews, March 26), Canadian companies are acquiring foreign companies in record numbers.

NEWS BROKER DEALERS JUN 04, 2007
FSI girds for battle over 12(b)-1 fees

NEW YORK — The Financial Services Institute Inc. is gearing up for a fracas with regulators over the highly contentious issue of 12(b)-1 fees, an embedded annual charge in almost all mutual funds.

NEWS INDUSTRY NEWS JUN 04, 2007
BofA sets up advisory biz for ultrarich

Bank of America Corp. is counting on a new advisory business to help retain ultrahigh-net-worth clients once its $3.3 billion deal to acquire U.S. Trust Corp. from San Francisco-based Charles Schwab Corp. closes next month.

NEWS INDUSTRY NEWS JUN 04, 2007
Looking for an alter-neigh-tive investment?

What has four feet, lives in a stable and could be your next investment? With the 139th Belmont Stakes coming up this Saturday, horse money can be found not just at the betting window but also in the thoroughbreds themselves.

NEWS INDUSTRY NEWS JUN 04, 2007
Elder care becoming focus for advisers

NEW YORK — The needs of aging clients and their aging parents are compelling financial advisers to become more knowledgeable about elder-care issues.

NEWS INDUSTRY NEWS JUN 04, 2007
Fiserv ISS deal secures No. 3 spot for TD Ameritrade

SAN FRANCISCO — With its planned $225 million cash purchase of Fiserv Inc.’s custody business, announced May 24, TD Ameritrade is trying to do more than solidify its hold on the No. 3 position among RIA asset custodians.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 04, 2007
Part of brain may be resisting financial planning

NEW YORK — Advisers hoping to convince clients that they need a long-term financial plan should do their best to appeal to the prefrontal cortex of their clients’ brains — and steer clear of the limbic system altogether.

INVESTING MUTUAL FUNDS JUN 04, 2007
The Hartford launches three mutual funds

BOSTON — The Hartford Mutual Funds, where assets have more than quadrupled since 2000, added three funds last week, including two requested specifically by financial advisers.