Matt Ackermann

“Advisors know that the global financial crisis has left many of their clients fatigued, jaded and distrustful,” an executive at Russell Investments said.

Forty percent say they are likely to invest in cash over the next 12 months, while 23% plan to buy equities, according to survey.

Bank of New York Mellon Wealth Management announced it plans to double its office space in Miami.Year-over-year, sales in Florida have increased 20% for the firm.

Nikko Asset Management Co, Ltd. announced Monday it has reached an agreement to buy DBS Asset Management from DBS Bank Ltd.

As part of an initiative to expand, the New York-based wealth manager hired Michael C. Brown as a partner and director of wealth management.

UBS announced Thursday it hired Dave Schrohe as chief operating officer of its wealth management solutions management team.

The $16 billion Houston-based wealth manager, announced Thursday it has agreed to buy RDG Capital LLC, a Houston boutique wealth advisory firm.

Charles Schwab Corp. announced Wednesday evening that it named Marie A. Chandoha president and chief executive officer of Charles Schwab Investment Management Inc.

The Chicago-based financial services company bought Waterline Partners LLC, a Los Angeles investment advisory firm serving affluent individuals and families.

Now that the deal for Reams has been completed, Kansas City, Mo., based Scout has $19.8 billion in assets under management.

J.P. Morgan Treasury Services has supplemented its existing national sales team with support for brokers and third-party administrators.

According to a Schwab survey, active traders are more optimistic than they were six months ago, but few think they’ve done enough to protect their portfolios.

J.P. Morgan Asset Management announced Tuesday it hired Michael Falcon as a managing director and head of retirement in the United States and Canada.

The wealth management center features commentary on a variety of financial planning subjects, including information on taxes, planning for retirement and other wealth-related strategies, and a range of investment and wealth management information, planning ideas and tools.

Sanders Morris Harris Group Inc. of Houston announced Monday it signed a definitive agreement to buy a majority stake in Global Financial Services LLC.

LPL has grown into a powerhouse of a financial services company over the past decade. Its advisor base has grown from 3,596 advisors in 2000 to 12,017 as of Sept. 30, representing a CAGR of 13.2%, the company said.

A state regulator fined a Bank of America investment unit for allowing its advisors to mislead clients about bonds related to government sponsored enterprises.

The appointments, which were announced Thursday, were approved at the board’s fall meeting last week. Their terms begin Jan. 1.

Franklin Templeton Investments announced Wednesday it has entered into a strategic relationship with Pelagos Capital Management, LLC, acquiring a 20% equity stake in the firm.

The Philadelphia wealth manager hired Susan P. Mucciarone as a senior vice president and director of wealth services.