LPL Financial and Retirement Benefits Group™ Announce Addition of Five Top Retirement Consultants to Retirement Benefits Group™ Platform - Yahoo Finance LPL Financial and Retirement Benefits Group™ Announce Addition of Five Top Retirement Consultants to Retirement Benefits Group™ Platform - Yahoo Finance

Monday, June 4, 2012

LPL Financial and Retirement Benefits Group™ Announce Addition of Five Top Retirement Consultants to Retirement Benefits Group™ Platform - Yahoo Finance

LPL Financial and Retirement Benefits Group™ Announce Addition of Five Top Retirement Consultants to Retirement Benefits Group™ Platform - Yahoo Finance

SAN DIEGO, May 30, 2012 /PRNewswire/ -- LPL Financial LLC, the nation's largest independent broker-dealer* and a wholly-owned subsidiary of LPL Investment Holdings Inc. (LPLA), and Retirement Benefits Group™ ("RBG"), a highly specialized retirement plan consulting firm based in San Diego, CA, today announced the continued expansion of Retirement Benefits Group through the addition of five top retirement plan consultants to the firm.  The five advisors - Matthew Haerr, Christine Soscia, Amir Arbabi, Peter Littlejohn, and William Brown - will provide retirement guidance to institutional clients in the areas of plan design assistance, compliance updates, and investment due diligence, as well as participant communication and education.  These new advisor additions will be based out of the San Diego, CA, Akron, OH, Las Vegas, NV, and Idaho Falls, ID offices of Retirement Benefits Group.

Retirement Benefits Group is supported by the Retirement Partners division of LPL Financial LLC, which is focused on supporting retirement plan-focused advisors.

Darrell Alford, Principal of Retirement Benefits Group, said, "In an increasingly complex retirement landscape for participants, plan sponsors are looking for advisors with fiduciary expertise to help them choose plan structures and investment options that have the potential to offer greater retirement security for their workers.  We are proud that Retirement Benefits Group has expanded over the years as a leader in this space by acting as just such a partner to plan sponsors.  Our rapid growth continues with the addition of these five leading advisors who have many years of experience in the retirement plan space.  With new offices in Idaho and Nevada, we now cover most of the western United States and will continue to expand east, even as we maintain our total focus on providing retirement plan financial advice that is second to none.  Equally important, we are delighted to work with LPL Financial Retirement Partners, which has acted as a strong enabling partner in our ongoing growth."

Bill Chetney, Executive Vice President of LPL Financial Retirement Partners, said, "We congratulate Retirement Benefits Group for their continued successful growth as a leading firm within the retirement plan space.  We are proud to be an enabling partner to Retirement Benefits Group and other advisor practices focused on this space as they work to help Americans realize their retirement aspirations, and we expect to see strong continued growth in this area."

Matthew Haerr has been a Financial Advisor for over 20 years. He has worked with company sponsored retirement plans, family and personal wealth management, and personal retirement planning throughout his career. Matt has helped business owners and corporations develop strategies for company retirement plans including 401(k), profit sharing and pension plans.

Christine Soscia has been in the financial services industry for over 15 years. She works with business owners in helping design, audit and implement employee benefit programs.  Christine also specializes in working with business owners in the areas of strategic tax planning, wealth management, business planning, estate planning and succession planning.

With her primary focus on 401(k) plans, in 2004 Christine was one of the first to graduate from the 401(k) Coach program.  In 2006, she purchased a TPA firm and managed more than 160 plans.  She has appeared on CNBC and Fox Business and has been quoted in various financial publications.  Christine holds Series 63, 7, 24, and 66 registrations with LPL Financial and Life and Health licenses and is a founding member of the Professional Business Advisor group in Las Vegas.

Amir Arbabi assists companies on plan design, fiduciary oversight and investment due diligence.  Utilizing his years of experience with retirement planning, Amir creates customized plans to meet his clients' unique goals and needs.  In addition to his expertise in plan consulting, Amir has extensive knowledge of wealth and investment management from his training at firms such as Merrill Lynch and Morgan Stanley Smith Barney.

Peter Littlejohn joins the Retirement Benefits Group as the practice leader in the Midwest, currently domiciled in Akron, Ohio.  Peter has over 27 years of retirement plan experience, most recently at Highmark Capital Management in San Francisco, where he led the DCIO advisory business beginning in 2009.  Earlier he led retirement businesses at Ivy Funds, Wells Fargo, Strong Capital Management and Cigna Retirement and Investment Services, where he was responsible for sales, marketing, client service and strategic development.

About Retirement Benefits Group
Retirement Benefits Group™ ("RBG"), one of the premier retirement plan consulting groups in the country, offers access to brokerage and related retirement-plan services to corporations, governmental agencies, non-profit organizations and their employees through LPL Financial. RBG, which is headquartered in San Diego, CA with additional offices in Irvine, Riverside, Westlake Village, CA, Phoenix, AZ, Gresham, OR, Las Vegas, NV, Idaho Falls, ID, Temecula, CA, Akron, OH, and White Plains, NY, consults on more than $7 billion in retirement plan assets. Visit for more information.

Financial consultants of RBG are registered representatives with securities offered through LPL Financial, Member FINRA/SIPC. Investment advisory services offered through Retirement Benefits Group, a registered investment advisor and separate entity from LPL Financial.

About LPL Financial
LPL Financial, a wholly-owned subsidiary of LPL Investment Holdings Inc. (LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2011), a top RIA custodian, and a leading independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 12,900 financial advisors and approximately 680 financial institutions. In addition, LPL Financial supports over 4,400 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 2,700 employees with headquarters in Boston, Charlotte, and San Diego. For more information, please visit

*Based on total revenues, Financial Planning magazine, June 1996-2011


LPL Financial Media Contacts
Joseph Kuo / Chris Clemens
Haven Tower Group LLC
(206) 420-3851 or (206) 420-1525 or

RBG Media Contacts
Larry Deatherage
Retirement Benefits Group
(858) 551-4015

Financial sector contributes the least to universal equity -

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New Delhi: Unitaid promotes access to treatment for patients of HIV/AIDS, malaria and tuberculosis, mainly in low-income countries. One of its main funding sources has been the introduction of a levy on air tickets in some countries that endorsed the ...

Big Money: Stuffing The Ballot Box? - NPR News

You wouldn't think politicians would have any trouble raising enough money these days. The presidential race is expected to be a billion-dollar affair, and spending records have been shattered at the congressional level.

But many candidates are being outgunned by superPACs and other outside groups with nearly unlimited funds at their disposal. Those dollars have swayed primaries in states such as Pennsylvania, Indiana, North Carolina and Ohio. More than $500,000 in superPAC cash from a 21-year-old college student helped decide the winner of a contested GOP primary last week in Kentucky.

With billionaires dashing off multimillion-dollar checks to superPACs, political scientists and some politicians themselves are worried that candidates have become mere bystanders in their own campaigns.

"Those on the ballot are much more of an afterthought than they ever were before," says Jon Erpenbach, a Democratic state senator in Wisconsin. "In some cases, candidates don't even matter."

Is The System Broken?

All of this has triggered debate about whether it makes sense to have a system in which campaign finance limits apply mainly to political parties and candidates. Opinion on how best to fix the problem remains split roughly along party lines.

An increasing number of Republicans want to close what they consider the opposite of a loophole, saying it makes no sense to handcuff candidates when money is otherwise flowing so freely.

"The problem is the limits," Tennessee GOP Sen. Lamar Alexander said at a recent Rules Committee hearing. "These new superPACs exist because of the contribution limits we've placed upon parties and candidates. Get rid of the limits on contributions, and superPACs will go away."

So, You Want To Create A SuperPAC? Fill In The Blanks

Comedian Stephen Colbert got permission from the Federal Election Commission last summer to launch his super political action committee.
Enlarge Mark Wilson/Getty Images

Comedian Stephen Colbert got permission from the Federal Election Commission last summer to launch his super political action committee.

Mark Wilson/Getty Images

Comedian Stephen Colbert got permission from the Federal Election Commission last summer to launch his super political action committee.

There are 450 superPACs currently registered with the Federal Election Commission. If you want to create your own superPAC, you have to fill out two forms. And it's really, really easy.

First comes the "Statement of Organization," FEC Form 1. Every PAC must file this within 10 days of raising or spending more than $1,000 on a federal election. And crucially, it's where you provide the FEC with the name of your committee.

Choosing a name is one of the main ways you can define your superPAC's purpose. And many of these names appear to have tongue planted firmly in cheek — see comedian Stephen Colbert's superPAC, Americans for a Better Tomorrow, Tomorrow. Other names already in use: "Bears for a Bearable Tomorrow" and the "Peeps PAC," which raised more than $1,000 in a two-and-a-half month period.

At least 11 existing superPACs, in fact, use the word "tomorrow," and several use it more than once, including Colbert's group and "Cats for a Better Tomorrow, Tomorrow." Another popular word choice is "future." It's used by 18 superPACs, including the pro-Romney group, Restore Our Future. Other top choices are "action," "America" and "super." But none can measure up to the superPACs' superword: "liberty," used by 71 registered groups in all.

OK, so once you've filled out Form 1 listing the name of your superPAC, your treasurer and your custodian of records, there's only one more thing the FEC needs from you. It's a letter that officially defines your group as a superPAC and announces your intent to "raise funds in unlimited amounts" and not coordinate with a party or candidate. There's even an FEC-approved template that provides you with fill-in-the-blank spaces for your committee name, the date and the treasurer's signature.

— Padmananda Rama

Abolishing those limits would only open the door to outright influence peddling, according to those who advocate keeping the rules in place.

"To suggest that the solution to the problem is for candidates to raise the money themselves would just double down the possibilities for corruption," says Josh Orton, political director of Progressives United, a liberal political action committee that favors campaign finance limits. "Can you imagine the kind of conversations that could happen if we lifted the restrictions on corporations giving to candidates themselves?"

Newt Gingrich, who was targeted by pro-Mitt Romney superPAC ads before ending his presidential bid, says he favors a system in which individuals give directly to campaigns instead of superPACs.

"We would be better off with a system that says any American can donate any personal amount of income after personal taxes as long as they report it online that night, and they give it to the candidate," Gingrich said Thursday. "And then the candidates would have to be responsible for the advertising. You would have a cleaner, more positive, healthier system."

Individuals are limited to donations of $2,500 per candidate per election, which means they can contribute that amount for both primary and general election campaigns. Limits on gifts to parties are higher; for instance, an individual may give a national party $30,800 per year and a state party $10,000.

The limits on what outside groups can spend on campaigns have largely been eroded since the Supreme Court's Citizens United ruling in 2010. That decision has been hailed — and derided — for ushering in a new era of campaign finance law. But it was an earlier Supreme Court decision, in Buckley v. Valeo, that made it hard to make campaign finance restrictions stick.

That case found that money in politics is protected as equivalent to free speech. Ever since the 1976 Buckley decision, money has been like water, finding its way into the political system through new means, regardless of what restrictions have been enacted.

Here Today, But Maybe Not Tomorrow

"Right now, you have the worst of all worlds — unlimited contributions to third-party entities, with some, but certainly not instant, disclosure," says Trey Grayson, a former Republican secretary of state from Kentucky who now directs the Harvard University Institute of Politics.

Grayson says he'd rather see money put in the hands of candidates and parties, who are more accountable to voters than campaign committees that may disappear after the election.

Currently, messages from candidates themselves in a contested race are likely to make up only a "small sliver" of total campaign advertising, says Ed Goeas, a Republican consultant who favors lifting limits while requiring disclosure of donors.

Great Moments In Campaign Finance

Limits on what outside groups can spend on campaigns have largely been eroded.
Enlarge Charles Mann Photography/

2012: SuperPACs become a primary feature of presidential campaigns in both the Republican primary and general election.

2010: The Supreme Court strikes down the ban on direct corporate spending in campaigns in Citizens United v. Federal Election Commission, while the D.C. Circuit Court of Appeals rules that contribution limits for independent groups violate the Constitution.

2002: Congress enacts the Bipartisan Campaign Reform Act, known as McCain-Feingold, which bans so-called soft money fundraising by political parties and federal officeholders and candidates.

1996: Soft money, unlimited funds raised by parties for voter turnout and education efforts, emerges as a major component of the year's presidential race.

1976: In Buckley v. Valeo, the Supreme Court upholds limits on contributions but strikes down limits on campaign spending.

1974: After Watergate, the Federal Election Campaign Act is amended to limit spending and contributions to campaigns. The law also creates the Federal Election Commission.

— Alan Greenblatt

"Money is now at the end that's furthest away from the candidates and furthest away from the parties," Goeas says. "The money is with these other groups that are having more impact on the campaign than the campaign itself."

SuperPACs are not supposed to coordinate their messages or strategies with candidates, but many campaign finance advocates concede the line often gets blurry.

Still, they say erasing the line entirely would do great damage to the political system. Having politicians directly receive large or unlimited funds from entities they might regulate would be a surefire recipe for corruption, they say.

"We're in pretty bad shape right now, but there are still some lines," says Meredith McGehee, policy director for the Campaign Legal Center. "By funneling large amounts of money to politicians, what you would actually have is just more candidates elected who are beholden to a small elite."

Genie May Be Out Of The Bottle

Supporters of such limits point to possible models to stem the tide of money. Public financing systems in Maine and Arizona, as well as one being bandied about in New York State, for example, give politicians incentive to raise small amounts of money from constituents.

Earlier this month, Connecticut's Legislature passed a bill that would require corporations to be more transparent about their election spending. It's not clear whether Democratic Gov. Dannel Malloy will sign it, due to concerns about its constitutionality.

And next month, the Supreme Court may decide to take up a Montana case that would determine whether corporations can be banned from contributing to state-level campaigns. But unless there's a change in the court's voting makeup or proclivities, it's unlikely any restrictions will remain in place to prevent large funds from pouring into campaigns in one form or another.

In a speech Wednesday, former Justice John Paul Stevens, who dissented in the Citizens United case, suggested the court would at some point have to revisit the logic of the 2010 decision. The court concluded that corporate donations amount to protected free speech but did not address whether the same holds true for foreign corporations. "It will be necessary to explain why the First Amendment provides greater protection of some nonvoters than to that of other nonvoters," Stevens said.

Even those who would seek to level the playing field by allowing candidates and parties to raise more money directly believe that the genie may already be out of the bottle. Many rich donors have come to like superPACs, which allow them to control their own messages.

"I do think the current system will get worse until we have significant reforms," says Nick Nyhart, president of the Public Campaign Action Fund, which favors fundraising limits.

"As bad as things are in 2012, they will continue to get worse in 2014 and 2016 unless we have some change," Nyhart says. "The current system cannot hold.

Financial Engines Personalizes Better Retirement Plans with SAS ® - Business Wire

CARY, N.C.--()--Financial Engines, America’s largest independent investment advisor, needed a better way to analyze its massive database of 401(k) participant demographic information. Using software from SAS, the leader in business analytics software and services, the company will quickly and easily harness investment advisor analytics to more clearly understand what customers want and pinpoint drivers for service enrollment, ultimately resulting in more attractive retirement plan offers.

“SAS helps us gather that intelligence efficiently, enabling us to quickly adapt and improve user experience.”

“We chose SAS because we needed a secure, best-in-class solution for managing our customer data,” said Mike Ault, Director of Investor Communications at Financial Engines. “SAS was both easy to implement and scalable, giving us plenty of room to grow.”

SAS will help Financial Engines save considerable time in data manipulation, processing and analysis. In addition to increased efficiencies, the analysis provides a more comprehensive user view. “With more information and engagement, we can create solutions that meet client needs while growing our business,” said Ault.

“Since our services are available to more than 8 million 401(k) participants nationwide, we can learn a great deal about what influences participant retirement choices,” said Ault. “SAS helps us gather that intelligence efficiently, enabling us to quickly adapt and improve user experience.”

About Financial Engines

Financial Engines is the largest independent investment advisor, committed to providing everyone the trusted retirement help they deserve. The company helps investors with their total retirement picture by offering personalized retirement plans for saving, investment, and retirement income. To meet the needs of different investors, Financial Engines offers both online advice and professional management. Co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe, Financial Engines works with America's leading employers and retirement plan providers to make retirement help available to millions of American workers. Financial Engines Advisors LLC is a subsidiary of Financial Engines Inc. (NASDAQ: FNGN).

For more information, please visit

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 55,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2012 SAS Institute Inc. All rights reserved.

Financial advice for college students, post-grads - 9News

KUSA - Even though many students are starting their summer break, now is a good time to start planning college finances.

The average student loan is between $25,000 and $30,000 and will likely take years to pay back.

However, there are some repayment options that can help make paying back those loans easier. 

"One of the relatively new repayment options is called income-based repayment, and your monthly payment is based upon how much you owe in student loans, how much you're currently making and the number in your family," Misti Ruthven with College in Colorado said. "This is something that is really underutilized that folks are not taking advantage of, and it's possible for the federal government, based on those three factors to think that you can't afford anything."

There are also loan-forgiveness programs that some can apply for.

"Public-service loan forgiveness is relatively new as well," Ruthven said. "This is for folks that are working for a nonprofit, that are working for a government agency. After folks make 10 years of on-time payments, the rest of their loan debt goes away."

Another way to avoid having to pay a lot in student loans is to make sure that students are not taking on too much debt to start with.

"In general, for students, it's really important to align your personal goals with your professional goals and to make sure that you are going to the right school," Ruthven said. "A general rule of thumb around taking out student loans is to think about what you are going to be making when you graduate with your degree and about every $10,000 you take out means about $100 in a monthly payment. So, is that realistic and aligned with how much you are going to be making when you graduate from college?"

Charlie Farrell with Northstar Investments agrees and says that students should never borrow more than 75 percent of your expected earnings.

"You have to look at your college education and figure out 'Well, how much am I going to earn based on the career I want to go into?' and don't borrow more than 75 percent of that number on average over your first 10 years of earnings," Farrell said. "That creates a repayment obligation of about 10 percent of your earnings, which is reasonable. That's something you can manage. Above 10 percent becomes very difficult with [all the other] things you have to pay for."

Before students start college, they need to go over the many different ways to pay for school, whether it be through a loan, by saving money or through various scholarships.
There are many different ways to save money for college. One is through a 529 plan.

"CollegeInvest is Colorado's 529 college-savings plan, and we think it's one of the smartest ways to save, because not only are you saving the money, not borrowing, but you also get Colorado tax deduction for every dollar you contribute," Angela Baier with CollegeInvest said. "Colorado, we are proud to say, has one of the most varied and unique 529 plans because we have four different flavors, instead of just one. You can use your financial advisor, you can go direct, you can also use an FDIC insured product if you prefer to save in a bank. We even have a product that has a guaranteed principle, guaranteed return for those that are maybe a little nervous to be out in the stock market."

Baier says that for some, saving is easier than borrowing.

"You get to put into act earning interest versus paying interest," Baier said. "It can literally cut the cost of college almost in half. The average student loan debt is $25,000, so if you were over 10 years to save to get $25,000, it would only cost you about $18,000. But if you would borrow that same $25,000 to pay it back in 10 years, the cost would be over $35,000."

Many students will try for scholarships. The website can help match students with scholarships they qualify for.

"It's very easy to find scholarships, and we publish a free scholarship-matching service," Publisher of Matt Kantrowitz said. "It takes about half an hour to complete the scholarship background profile and matches you to all of the scholarships where you are eligible."

There are about 1.5 million scholarship opportunities worth more than $3.5 billion on the website.

James Broscheit, Director of Financial Aid at CU-Denver, says that students should apply for FAFSA, or the Free Application for Federal Student Aid. This form, which becomes available every year at the beginning of January, is the form that students need to get financial aid from federal and state government and most colleges.

"Schools have preferential-filing deadlines for that application," Broscheit said. "It is [first come, first serve] because of the money that is there. There are certain federal programs, [such as] the Pell Grant, that you can qualify for regardless of when you apply. Student loans you can generally get whenever you apply. Campus-based funds and/or funds that are available at the school are limited, so you have to get into those quickly."
Broscheit says that students need to make sure they pick the right school for both cost and career choice.

"In this day and age, you really want to make sure that you've investigated all of your different options," Broscheit said. "You really want to look at the college you're going to and you want to make sure that it matches the career choice that you're going into. See what those costs are. Find two or three different colleges that have that same career path for you and compare those colleges, see what they will offer you."

Here are some helpful links for financial aid:

(KUSA-TV © 2012 Multimedia Holdings Corporation)

Paulson Backs Schapiro’s Bid for SEC Rules on Money Markets - Bloomberg

Former Treasury Secretary Henry Paulson is backing U.S. Securities and Exchange Commission Chairman Mary Schapiro’s effort to impose new rules on money- market funds.

In a letter that the SEC published May 30 on its website, Paulson highlights excerpts of his 2010 book, “On the Brink,” which provides his account of the financial crisis. Paulson’s letter covered the period between Sept. 16 and Sept. 19, 2008 when Bank of New York Mellon Corp., BlackRock Inc. (BLK) and Northern Trust Corp. (NTRS) reported requests for “billions in redemptions” from their money funds. Such requests exacerbated a credit crisis that began earlier that month, he wrote.

Paulson, who was President George W. Bush’s Treasury Secretary from 2006 through 2009, has mostly avoided the debate over financial regulation since he left office. He encouraged Schapiro to use his letter to help bolster her argument that money-market funds should face tougher regulations.

“You should feel free to use this any way which helps you secure this important reform, including quoting from it, or sharing all or part of it with the press or members of Congress,” Paulson, a former chairman of Goldman Sachs Group Inc. (GS), wrote in the letter dated Feb. 22.

Michele Davis, a spokeswoman for Paulson, said he wrote the letter because Schapiro asked for his views on the issue.

Schapiro has warned since November that future runs on money-market firms could damage the economy, a view shared by Treasury Secretary Timothy F. Geithner and Federal Reserve Chairman Ben S. Bernanke.

Chamber Opposition

She is battling a lobbying campaign funded by the U.S. Chamber of Commerce, which opposes new rules as an unnecessary burden that could weaken money-market funds.

House Financial Services Committee Chairman Spencer Bachus, an Alabama Republican, has also questioned the need for new rules. The Senate Banking Committee is expected to hold a hearing on June 21 to discuss possible rules, a person familiar with the plan said.

Since November, Schapiro has met or held telephone conversations with representatives of Vanguard Group Inc., Fidelity Investments, Charles Schwab Corp. (SCHW), and JPMorgan Chase & Co. (JPM) to discuss money-market rules, according to the SEC’s records.

Schapiro initially proposed requiring money-market firms float their $1 net asset value along with mandating more capital and preventing customers from withdrawing all of their funds for 30 days. The so-called holdback provision has been particularly controversial in the industry and Schapiro is said to be open to replacing it with a fee that would be imposed on customers who take out their money during a liquidity crisis.

Floating NAV

Money-market firms have also fought the effort to move the industry to a floating net asset value. Paulson’s letter highlights a passage in his book that supports the floating value.

“The SEC should explore whether fund managers should move from a fixed NAV, which makes money-market funds resemble insured bank accounts, to a floating NAV,” he wrote. “The funds would still be good products and could offer attractive returns, liquidity and very low volatility and principal risk.”

To contact the reporter on this story: Steven Sloan in Washington at

To contact the editor responsible for this story: Maura Reynolds at

Enlarge image Former Treasury Secretary Henry Paulson

Former Treasury Secretary Henry Paulson

Former Treasury Secretary Henry Paulson

Nelson Ching/Bloomberg

Former U.S. Treasury Secretary Henry Paulson.

Former U.S. Treasury Secretary Henry Paulson. Photographer: Nelson Ching/Bloomberg

Global slump alert as world money contracts - Daily Telegraph

The Americans may act first. Goldman Sachs expects Federal Reserve chair Ben Bernanke to open the door for QE in testimony on Thursday.

Stock markets rallied in Madrid and Milan led by bank shares on rumours of an EU plan to recapitalise banks directly with funds from the EU bail-out machinery.

Olli Rehn, the EU economics chief, said use of the European Stability Mechanism to bail out lenders was a "serious possibility", adding that it was imperative to "break the link between banks and sovereigns".

However, there is no sign yet that Germany will be willing to drop its veto on such action, viewed by Berlin as the start of debt mutualisation. Chancellor Angela Merkel crushed talk of an instant "banking union" after meeting commission president Jose Barroso, saying their could be no quick fix. She called instead for EU banking supervision as a "mid-term goal".

Her spokesman said any options that "resemble eurobonds" are for the distant future. "It's up to national governments to decide whether they want to avail themselves of aid. That also applies to Spain," he said.

Use of the ESM for bank bail-outs would meet fierce resistance in the German, Dutch and Finnish parliaments. A senior EU official said even Germany's Social Democrats are cooling on eurobonds. "They looked at the polling data and shivered. The German people are not willing to send money into a bottomless pit," he said.

MONEY MARKETS-Funding cost rises on Europe worries - Reuters UK

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

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Financial Guidebook for Widows Receives Tenth Award - YAHOO!

Award-winning Guidebook Wins at 2012 International Book Awards

Highland, MI (PRWEB) June 04, 2012

ACA, the only community of fee-only financial planners focused on holistic planning strategies, announced that Moving Forward on Your Own: A Financial Guidebook for Widows, by Kathleen Rehl, Ph.D., CFP®, has received its tenth award.

The Guidebook is the winner in the 2012 International Book Awards (IBA) in the Women’s Issues category and a finalist in the Business: Personal Finance category.

“I am so grateful for all the support and recognition this publication has received,” said Dr. Rehl.

The Guidebook integrates basic financial information with self-reflective exercises to encourage self-confidence about money issues. The format it is intended to serve as a catalyst to help women make progress after a spouse's death.

In addition to writing about the issues faced by widows, Dr. Rehl is also an active public speaker on the topic. She will deliver a presentation at the 2012 ACA Conference to help educate other advisors on how to work effectively with widows.

To further assist widows with their financial matters, Dr. Rehl partnered with her fellow ACA members to develop a network of qualified, ethical, fee-only financial planners who work with widows. Click on the following link to access this network.

Copies of the guidebook can be ordered by clicking here.

Dr. Rehl is the founder of Rehl Financial Advisors in Land O’Lakes, Florida. She has been an ACA member since 1996.


ACA is a non-profit 501(C)6 organization providing continuing education and support to fee-only financial planners with a passion for holistic financial planning. Its collaborative community continues to develop the next generation of holistic planning concepts and strategies. Currently ACA consists of more than 160 members serving 45 states across the U.S.

Valerie Kriss
Alliance of Cambridge Advisors
888-834-6333 706
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