Matt Ackermann

The company announced Wednesday it launched seven exchange-traded funds based on Russell indexes.

She was hired by GAMCO in December 2005 with 20 years experience in mutual fund treasury operations with various fund companies. In May 2009, she was promoted to senior vice president.

MSSB has hired two New York City advisers that manages $250 million of client assets.

Putnam will join USAA, Columbia Management, Vanguard and Upromise, who also run 529 plans through Nevada. Columbia also manages an advisor-sold plan.

According to a survey, just 25% of plan participants who performed a rollover of $200,000 or more since the middle of 2008 rolled all or some of the assets into an account held by their existing plan provider.

The New York-based compay said that volume fell 36% from a year earlier and 4.6% from July.

The San Francisco company, which said it will report $150 million of charges for the third quarter said it expects year-over-year revenue growth for the first time in two years.

The SPDR S&P Global Natural Resources ETF began trading on the NYSE Arca on Tuesday.

FINRA has censured and fined the New York-based brokerage firm $1 million for using an illicit high frequency trading strategy and related supervisory failures.

Allianz Alternative Asset Management has offered fund of hedge funds since 1981. The company’s funds are expected to compliment Nexar’s fund of hedge funds group, which is primarily located in New York.

Most recently, O’Neill was head of global economics, commodities and strategy research for Goldman, Sachs & Co., where he managed the company's economics, strategy and commodity research teams.

Morgan Stanley Smith Barney announced Thursday it hired Lisa Cregan, a former UBS manager, to run its brokerage offices in Houston.

Morgan Stanley Smith Barney promoted James F. Walker to managing director to run its consulting services group, which provides investment consulting and managed account services.

David McWilliams, an Eastern division director for the company, said in an internal memo that it plans to begin serving clients from the new office, which is located at 101 Park Avenue, early in the fourth quarter.

Vanguard has launched eight index mutual funds and nine exchange-traded funds based on S&P domestic stock benchmarks.

In a newly expanded role, Reiss will lead a specialized sales organization to help drive growth of the company’s U.S. mutual funds and 529 college savings plans

Hedge fund performance declined last month, but continued to outperform broader stock markets.

Vanguard Annuity Access is designed for individuals seeking a guaranteed stream of income in retirement to augment their retirement savings and Social Security benefits.

According to a survey conducted by Fidelity Investments that was released Thursday, 30% of investors who are eligible to complete a Roth IRA conversion are aware that they can “undo” that move.

As part of its initiative to expand and develop its asset management business, Morgan Stanley announced it added Sophia Drossos to its global macro and asset allocation group