Indiana

• UBS Cutting Staff, But Recruiting FAs

  By Janet Levaux, AdvisorOne  |  September 29, 2011

  UBS 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...

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  NAACP, Partners Launch Financial Education Program

  By Marlene Y. Satter, AdvisorOne  |  September 26, 2011

  The NAACP announced Friday that, with partners that include Wells Fargo, the National Foundation on Credit Counseling, and the Financial Planning Association, it is launching the Financial Freedom Center Satellite program.

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  Winning and Losing States of America

  By Gil Weinreich, AdvisorOne  |  September 22, 2011

  The economic laboratories at work in the 50 states have produced disparate results according to new government data, and experts say the success of states like North Dakota and Utah and poor performance of Michigan and Nevada have national implications.

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  Focus Financial Takes Stake in $1.3B RIA Firm Colony Group

  By James J. Green, AdvisorOne  |  September 20, 2011

  Boston-based RIA investment marks fourth transaction this year for rollup firm, raises total AUM to $45B.

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  Surprising, and Scary, Surge in Foreclosure Notices

  By Gil Weinreich, AdvisorOne  |  September 15, 2011

  Mortgage default notices shot up 33% in August from July, a dramatic turnaround from the downtrend reported just last month and the sharpest monthly increase since the start of the housing crisis in August 2007.

• Nonprofits Brighten Employment Picture: Johns Hopkins Research

  By Michael S. Fischer  |  September 6, 2011

  With President Barack Obama set to address a joint session of Congress on Thursday about the state of nation’s economy and the dismal employment picture, new data released Friday show that nonprofit employers actually added jobs during the worst part of the recent recession.

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  News Analysis: Are We in a Recession?

  By Gil Weinreich, AdvisorOne  |  August 30, 2011

  Consumer confidence plunged to two-year lows in August, stoking predictions and outright declarations that the economy has slipped into recession. The latest Consumer Confidence Index reading of 44.5 is lower than the 53.9 average for the 2007-2009 recession.

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  UBS Adds 8 Advisors With $994 Million; Raymond James Hires 3 With $281 Million

  By Janet Levaux, AdvisorOne  |  August 30, 2011

  UBS said late Monday that it had hired eight financial advisors recently with $994 million in assets, including three from Bank of America-Merrill Lynch (BAC). Meanwhile, Raymond James said early that it added three financial advisors with a total of $281 million in assets.

• Raymond James Settles ARS Issues

  By Janet Levaux, AdvisorOne  |  July 26, 2011