Industry News

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NEWS INDUSTRY NEWS MAR 23, 2010
Money managers still psyched about tech, large-cap growth

Technology and large-cap growth remain the darlings of money managers, while fixed income is losing its appeal, according to the latest quarterly survey of investment professionals by Russell Investments.

Institutional money managers get more bullish on the technology sector, Russell survey shows
NEWS INDUSTRY NEWS MAR 23, 2010
Institutional money managers get more bullish on the technology sector, Russell survey shows

The technology sector continues to stand out as an area of opportunity, according to the latest quarterly survey of investment professionals by Russell Investments.

NEWS INDUSTRY NEWS MAR 22, 2010
E*Trade resorts to reverse stock split to boost share price

If approved by company shareholders, the move would instantly hike the price of the online brokerage to $11.50. But research says the market isn't overly fond of such maneuvers.

NEWS RETIREMENT PLANNING MAR 22, 2010
Putnam makes online Roth IRA tool available to both advisers and clients

Move aimed at helping to open up a dialogue between high-income investors and their advisers

NEWS INDUSTRY NEWS MAR 22, 2010
JPMorgan's David Kelly: Potential and momentum in the week ahead

The latest readings on the economy, like a bowling ball on a countertop, are exhibiting little momentum but still, underneath, have plenty of potential.

NEWS RETIREMENT PLANNING MAR 22, 2010
Roth apathy is the real gamble

For advisers and their clients, making a fully informed, balanced decision not to convert to a Roth IRA is — unequivocally — a legitimate choice.

NEWS RETIREMENT PLANNING MAR 22, 2010
Convert existing IRAs into multiple Roths

Roth IRA conversions should be discussed with most investors this year as part of their overall retirement planning strategy.

NEWS INDUSTRY NEWS MAR 22, 2010
Raymond James' Jeffrey D. Saut: 'I should have!'

The equity markets seem to be worried about neither deflation nor inflation as gold, and crude oil, are relatively flat and the preopening S&P 500 futures are better by some 4 points.

NEWS RETIREMENT PLANNING MAR 22, 2010
AllianceBernstein beefs up target funds

With regulators and lawmakers continuing to scrutinize the blowup of target date funds in 2008, AllianceBernstein LP is adding a component to its lineup of target date funds aimed at managing market volatility better.

NEWS INDUSTRY NEWS MAR 22, 2010
JPMorgan's David Kelly: What to look for in the week ahead

The week ahead should be relatively quiet across a number of fronts.

NEWS BROKER DEALERS MAR 22, 2010
GunnAllen to be bought by Progressive Asset Management

Firm to be acquired by socially conscious investing shop; combined broker-dealers in top 30 of independent B-Ds

NEWS LIFE INSURANCE AND ANNUITIES MAR 22, 2010
AIG makes key hires and sells more assets

American International Group Inc. recently made several high-level appointments and agreed to sell some assets, but recruiting talent and repaying government debt will remain challenges, according to experts.

NEWS BROKER DEALERS MAR 22, 2010
Embattled GunnAllen loses top-producing branch

NEWS INDUSTRY NEWS MAR 22, 2010
Beleaguered Broker-Dealer GunnAllen loses top-producing branch

Embattled broker GunnAllen Financial Inc. has lost a top-producing branch — the broker-dealer's first major defection since the abrupt resignations in December of its holding company's chairman and chief financial officer.

NEWS INDUSTRY NEWS MAR 22, 2010
Druskin named interim CEO at E-Trade

Brokerage firm E-Trade Financial Corp. said Monday it has named director Robert Druskin to take over as chairman and interim CEO when Don Layton retires at the end of the year.

NEWS RIAS MAR 22, 2010
RIAs' mental health and finances suffer as regulatory changes and the downturn take a toll, survey shows

Registered investment advisers are deeply concerned about new regulations and are sensitive to the impact of the financial downturn on their personal lives and finances, but they remain surprisingly upbeat about their jobs and their outlook on the economy, according to a new survey.

NEWS INDUSTRY NEWS MAR 21, 2010
Forum Financial merges with Pinnacle Wealth Management

The combined firm, which will operate as Forum Financial, has ten advisers and $500 million in assets under management

NEWS BROKER DEALERS MAR 21, 2010
Open VA platform at Ameriprise may be less than open

Ameriprise Financial Inc.'s plan to open its brokerage platform to outside variable annuities falls short of the open architecture favored by other independent broker-dealers.

NEWS RIAS MAR 21, 2010
Client trust: It is yours to lose

More than their friends, portfolio managers or corporations, investors trust their brokers or financial advisers, according to the first annual U.S. Financial Services Trust Barometer, sponsored by the Edelman public relations firm.

NEWS INDUSTRY NEWS MAR 21, 2010
KKR's diversified-manager goal not yet within reach

Kohlberg Kravis Roberts & Co. is on its way to becoming a fully diversified money manager, but it looks like it will be a long trip.