Economy & Markets
The important economic and stock market news that advisors need to know.
Energy: Ramping Up
By Ed McCarthy, CFP, RICPSelman AkyolStifel Nicolaus(314) 342-2158 [email protected] Pipeline Partners LP (APL) announced 2Q11 results, reporting distributable cash flow (DCF)…
September 29, 2011
Alternatives All the RageNew research has found that 78 percent of all advisors are using alternative investments within client portfolios, according to Cogent Research, mainly for diversification and with some variation related to channel differences and other factors.
September 29, 2011
Water: Water Stocks Still SparkleJames O. LykinsJ.J.B. Hilliard, W.L. Lyons, LLC(502) [email protected] Water Works (AWK) reported ongoing Q2’11 EPS of $0.46 versus…
September 29, 2011
Krawcheck Out in BofA ReorgBank of America said in early September that wealth-management head Sallie Krawcheck was leaving the company as part of a major reorganization of the bank and its operations.
September 29, 2011
Ladenburg Thalmann to Buy Securities AmericaLadenburg Thalmann said that it planned to pay Ameriprise Financial $150 million in cash for Securities America in late August. In addition, the Miami-based broker-dealer says it will pay up to $70 million in 2012 and 2013 in so-called earn-outs, as the firm explained in an SEC report. Plus, Ameriprise...
September 29, 2011
UBS Cutting Staff, But Recruiting FAsUBS said it planned to cut staff by 3,500, or more than 5 percent of its global workforce, as part of its overall plan to trim about $2.5 billion from its yearly expenses by the end of 2013 to improve operating efficiency, the company explained in late August. About 10...
September 29, 2011
New Wave of Active ETFs; Richard Thaler Rethinks Retirement: October Research—SlideshowResearchs October cover story reports that the fast-changing field of ETFs is heading for a new watershed: the rise of actively managed funds. Also in the issue, Gerald Burstyn examines the work of economist Richard Thaler, who is using the insights of behavorial psychology to aid retirement income decision-making.
September 29, 2011
Vice vs. Nice: Sustainability Debate Pits ‘Tea Party’ Against ‘European Social’ TeamsIn a sometimes feisty Oxford-style debate in New York, portfolio managers and professors sparred over whether socially responsible investment has any business contributing toor subtracting froma companys bottom line.