New law gives watchdog power to bite - New Zealand Herald
Wed, 23 Jun 2010 16:40:41 GMT+00:00
New Zealand Herald As passed yesterday, the law contains a new clause which strengthens the Securities Commission's power to police financial advisers under the Financial ... New law simplifies compliance for financial advisers Radio New Zealand Greater protection for investors Stuff.co.nz Financial service changes passed unanimously Scoop.co.nz (press release) TVNZ  - National Business Review  - Voxy

PRACTICE MANAGEMENT: Moving Beyond A Firm's Financial Strife - Wall Street Journal
Tue, 22 Jun 2010 19:38:38 GMT+00:00
Strife Wall Street Journal ... current firm can be another hurdle for advisers . They must often give notice, but those provisions may not apply if a firm is having financial problems. ... 300 reps in limbo as Jesup & Lamont Securities slips below net-cap requirements InvestmentNews Notice for Cessation of Business by Material Subsidiary PR-CANADA.net (press release)

SEC to Restrict Political Donations After Pay-to-Play Scandals - BusinessWeek
Thu, 24 Jun 2010 16:36:35 GMT+00:00
BusinessWeek June 24 (Bloomberg) -- US regulators are poised to restrict investment advisers from giving money to politicians to win pension business ...

VAT rise may hit adviser transition to fees - ifaonline.co.uk
Thu, 24 Jun 2010 11:01:17 GMT+00:00
ifaonline.co.uk ... the Institute of Financial Planning (IFP) warns. According to Nick Cann, CEO of the professional body, advisers not used to charging clients a fee, ... IFAs warn of advice cost rise FT Adviser

Brokerage giant LPL Financial files for IPO - Reuters
Fri, 04 Jun 2010 20:33:02 GMT+00:00
files for IPO Reuters LPL Financial supports more than 12000 independent financial advisers at financial institutions across the United States by providing technology, ... LPL Financial Files for IPO Five Years After Private Sale Investment Advisor LPL Financial Announces Filing of Registration Statement for Initial Public ... PR Newswire (press release) LPL Registers For IPO Financial Advisor Magazine StreetInsider.com (subscription)  - InvestmentNews  - BusinessWeek

Erie County Council's financial advisers still concerned about community ... - GoErie.com
Sun, 20 Jun 2010 04:13:34 GMT+00:00
still concerned about community ... GoErie.com But Maloney and Pasquale said they want to work with local officials to come up with a financial plan everyone is comfortable with. ...

Macquarie Group Executive Departs To Start New Firm - Source - Wall Street Journal
Wed, 23 Jun 2010 03:07:59 GMT+00:00
Wall Street Journal AU) chief operating officer of Macquarie Capital Advisers , Andrew Low, is leaving the firm to set up his own financial services business, a person familiar ... Senior Macquarie banker quits - source Reuters Macquarie Capital's Andrew Low Quits to Start Business, Australian Says Bloomberg Andrew Low leaves Macquarie FinanceAsia Bernama  - The Australian  - Bloomberg

BofA Seeks 'Edge' With Merrill Rivaling Online Firms - BusinessWeek
Fri, 18 Jun 2010 15:05:05 GMT+00:00
BusinessWeek Bank of America's Merrill Lynch, the world's largest brokerage with more than 15000 financial advisers and about $2.2 trillion of client assets, ... Merrill's creepy new online brokerage Fortune (blog) Bank of America discount brokerage set to debut The Associated Press

Commentary: Contrarian analysis remains upbeat about gold's prospects - MarketWatch
Wed, 23 Jun 2010 11:00:23 GMT+00:00
MarketWatch In any case, contrarians tend not to pay much attention to the reasons advisers give. To contrarians, the advisers ' rationales are less important than the ... Cautious gold bugs vs. upbeat contrarians MarketWatch

COMPLIANCE WATCH: States Short On Details About Adviser Exams - Wall Street Journal
Wed, 16 Jun 2010 19:43:12 GMT+00:00
Wall Street Journal (Suzanne Barlyn writes Compliance Watch, a column that focuses on compliance and regulatory issues affecting financial advisers . ... NASAA urges US lawmakers to impose fiduciary duty Investment Executive

7 Ways to Protect Your Retirement Savings - U.S. News & World Report (blog)
Mon, 21 Jun 2010 22:32:11 GMT+00:00
U.S. News & World Report (blog) A recent Financial Planning Association and MetLife online survey asked 1068 financial advisers with baby boomer clients how investors approaching ...

US bankruptcies fall; restructuring pros scramble - Reuters
Wed, 23 Jun 2010 16:33:41 GMT+00:00
Reuters "There are a lot of hungry bankruptcy professionals, restructuring firms and financial advisers ," said Mark Jacobs, a partner at Pryor Cashman LLP who ...

Woodbury Financial Sheds Low Producers - Wall Street Journal (blog)
Wed, 16 Jun 2010 11:10:30 GMT+00:00
Sheds Low Producers Wall Street Journal (blog) Now, insurance agents consider themselves financial advisers , and in most cases, they are, Papike said. They demand and need the same kind of service that ...

Sweeter Deals for Brokers - Wall Street Journal
Mon, 07 Jun 2010 04:00:09 GMT+00:00
Wall Street Journal s Merrill Lynch Wealth Management unit both recently sweetened the recruiting deals they use to attract financial advisers from competitors actions that ...

Gross Vows This Time Different as El-Erian Leads Equities Push - Bloomberg
Thu, 24 Jun 2010 04:18:37 GMT+00:00
Bloomberg In an April speech at Princeton University, Christina Romer, head of the White House Council of Economic Advisers , said she found the fatalism of the new ...

Advisers back bank move but fear fee increases - Money Marketing
Thu, 24 Jun 2010 08:01:50 GMT+00:00
back bank move but fear fee increases Money Marketing Churchouse Financial Planning director Keith Churchouse says moving prudential regulation to the bank would improve regulatory stability. ...

Fiserv acquires AdviceAmerica - BusinessWeek
Tue, 08 Jun 2010 04:21:42 GMT+00:00
BusinessWeek Financial technology company Fiserv Inc. said Monday it has acquired AdviceAmerica, a maker of software for financial advisers , wealth managers and bank ... Fiserv Moves to 'Front Office' with AdviceAmerica Purchase Wall Street Journal Fiserv Acquisition Adds Front-Office Adviser Capability On Wall Street

New authority: women take charge of managing money - Financial Times
Wed, 23 Jun 2010 18:58:06 GMT+00:00
Financial Times Even if they were in charge of household budgets, they tended to leave the larger pecuniary decisions to their spouses, parents or financial advisers . ...

The 23rd Installment in This Exclusive Series - Compliance Week (subscription) (blog)
Wed, 23 Jun 2010 18:02:48 GMT+00:00
Compliance Week (subscription) (blog) Should there be checks on the accuracy of the information provided by proxy advisers ? Are advisers who provide services to both corporations and investors ...

Real-estate deals found in bankruptcy court - MarketWatch
Thu, 24 Jun 2010 04:06:39 GMT+00:00
MarketWatch Financial services consultant Mike Kostoff shares how advisers can benefit from their clients' new urge to invest if they play their cards right. ...