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December 27, 2012
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Twice-weekly summary of financial industry news
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  Top News 
  • Policymakers prep final push to avert "fiscal cliff"
    With President Barack Obama and members of the Senate headed back to Washington, D.C., political leaders are preparing to make a final attempt at averting the "fiscal cliff" that economists say could send the U.S. back into recession. In a sign that there may be a way to break the standoff, House Speaker John Boehner, R-Ohio, urged the Senate, where Democrats hold the majority, to offer a proposal that could restart movement toward a budget compromise. Reuters (12/26), Politico (Washington, D.C.) (12/26), Bloomberg (12/26), The Hill/On The Money blog (12/27) LinkedInFacebookTwitterEmail this Story
  • Financial advisers' "fiscal cliff" advice: Don't panic
    Financial advisers are getting a lot of questions about what to do, now that it appears that Congress and the White House might not avert the "fiscal cliff." The one thing most advisers agree on is that investors shouldn't panic. Drastic action is almost always a mistake, they say. CNNMoney (12/23) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Real-time trading data coming to SEC
    The Securities and Exchange Commission is testing the software for a system that will give it its first direct access to real-time data on what's going on in the U.S. securities markets. The technology, which will cost the regulator about $2.5 million for the first year, is scheduled to go into full operation early in 2013. The Washington Post (12/24) LinkedInFacebookTwitterEmail this Story
  Building Your Business 
  • Wealth-building goals for advisers in 2013
    Veteran advisers cannot stay mired in past strategies and business practices that brought them success, writes Matt Oechsli, author of "Building a Successful 21st Century Financial Practice: Attracting, Servicing and Retaining Affluent Clients." Instead, advisers need to be continually expanding wealth-management solutions, connecting with outside experts and improving the personal service that clients are receiving. (U.S.) (12/25) LinkedInFacebookTwitterEmail this Story
  Financial Products 
  • 2013 outlook for mutual funds
    According to Deloitte, the mutual fund industry in 2013 will be marked by more regulation, exchange-traded funds and outsourcing for mutual funds. Deloitte expects more balanced and fixed-income funds to come to market next year. On top of that, fund firms offering alternative, hedge fundlike strategies are likely to see inflows, the report said. (12/25) LinkedInFacebookTwitterEmail this Story
  • Number of alternative mutual funds soars
    Mutual fund operators are attempting to mimic the success of hedge funds by offering alternative mutual fund options. The alternative funds, which can include strategies like shorting or investing in complex derivatives, have seen sharp growth in recent years. More than half of these alternative mutual funds have been founded since 2008, according to Morningstar. Financial Advisor online (12/26) LinkedInFacebookTwitterEmail this Story
  Retirement Focus 
  • A geographical look at retirement-plan ownership
    Americans contribute an average of $1,325 to their retirement accounts per year, with workers in California, the Midwest and the East Coast being most likely to have 401(k) accounts, according to an analysis by Esri. This article features two maps from Esri that break down by location the likelihood that people have retirement accounts. SmartBrief/SmartBlog on Finance (12/24) LinkedInFacebookTwitterEmail this Story
  FSI Member News & Events 
  • Don't Miss OneVoice 2013!
    Jan. 28 to 30 | San Diego Marriott Marquis & Marina | San Diego

    OneVoice is FSI's annual in-person gathering for the independent financial services firm community. OneVoice 2013 will give you a first look at what to expect next year, with insights into the November election results, changing consumer behavior, technology trends in 2013, new regulatory and compliance developments, and much more! Visit here for more information and to register for OneVoice 2013 today! LinkedInFacebookTwitterEmail this Story

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People who lean on logic and philosophy and rational exposition end by starving the best part of the mind."
--William Butler Yeats,
Irish poet and playwright

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