Matt Ackermann

The hiring is part of J.P. Morgan Asset Management's plan to expand its global insurance solutions group

The company hopes to use the new office to expand through family offices, financial advisors and high-net-worth invetors.

According to a monthly survey, millionaire investor confidence surged to its highest level in nearly three years in October.

The Boston-based company announced Tuesday that Sean M. Healey, its president and CEO, will succeed William J. Nutt as chairman at the beginning of next year.

The SEC and Connecticut Banking Commissioner Howard Pitkin charged Southridge Capital Management LLC and its chief executive officer, Stephen M. Hicks, with defrauding investors in million of undeserved fees.

While many investors like the flexibility that the products offer, many still don't understand the product.

The Boston-based company hopes the new offering will help independent advisors boost their business with ultra-wealthy clients.

According to a survey, advisors say business owners have no plans to hire, and most advisors aren't confident that an economic recovery is coming next year.

The online brokerage giant, which has been hampered for years by bad loans from its banking unit, has seen trading activity continue to decline as a result of the "flash crash."

The former Ferris, Baker Watts LLC will pay $500k for inadequate supervision of sales of reverse convertible notes to retail customers.

The Delaware company hired Walter J. Dillingham Jr. as a managing director and business development officer; John M. Lawson as a managing director and investment advisor; and Leigh H. Weiss as a managing director and investment advisor.

The Palo Alto, Calif., based company, which will now be called Wealthfront, said that it has attracted more than $100 million in assets to its investing platform in its first year of operation.

The New York-based company's wealth unit increased its assets under management 5% to $1.6 trillion as net revenue increased 1% to $3.1 billion.

Regulatory reform will create growth opportunities for third-party clearing firms as Wall Street suffers "meaningful changes," State Street CEO Jay Hooley predicts.

Fee revenue increased 2% to $2.66 billion as net interest revenue declined 0.6% to $718 million. Assets under management increased 18% to $1.141 trillion from a year earlier and 9% from the previous quarter.

Carson wealth has bought two advisor practices in Washington state and hopes to buy five more next year.

The New York-based banking company, which owns a 49% stake in the brokerage company, told investors during a conference call Monday that the brokerage joint venture's third-quarter results were "comparable" to the second-quarter results because of "weakness across the industry."

When the bill was signed into law by President Obama in July, an era marked by a flood of federal investigations sparked by bounty-hunting employees looking to cash in on rewards that, in some cases, could turn them into instant millionaires began.

RBC Wealth Management continues to expand asset management capabilities

Asset held in exchange-traded funds increased 10.6% in September.