Matt Ackermann

Aviva Investors announced Tuesday it hired Pat O’Brien as chief executive officer of Aviva Investors North America Inc.

The initiative by the Toronto-based company is designed to create a fourth business line as part of its strategy to develop a strong fee-based business for managing assets.

The Boston fund company said that legislation in both the Senate and the House could extend retirement savings coverage the “nearly half of all American workers who have no retirement savings plans through their jobs today.”

Wilmington Trust's new executive talks about his strategy for growth in the New York market.

Scout Investment Advisors announces its second deal in as many months, buying Reams Asset Management.

Bank of New York Mellon announced Wednesday it completed its first wealth management acquisition in Canada with its purchase of I(3) Advisors, a Toronto independent wealth strategy company.

Carwin Advisors, a Dallas-based real estate advisory firm, announced Wednesday it bought The Arges Group, a real estate advisory firm based in Orange County, Calif.

Kohn, 67, will become a senior fellow at Brookings in mid-September.

Charles Schwab Corp. announced Monday that it has agreed to buy Windward Investment Management Inc., a Boston investment advisory firm.

The company also declared an 11 cent dividend for shareholder, marking the 25th consecutive year that it has paid a dividend.

Glovista Investments growth strategy, executive moves at Citi Private Bank in Florida, plus more changes for the week of Aug. 23.

The Spectrem Affluent Investor Confidence Index declined four points and the Spectrem Millionaire Investor Confidence Index declined 11 points, which marked the largest drop since June 2009.

Despite the fact mergers and acquisitions have gone dormant this year, deals are expected to surge in the next six months.

The Boston company said Tuesday it is introducing new Retirement Choices target-date portfolios, which are designed to take participants “to” retirement and accommodate the participant who wishes to select another investment strategy at the time of retirement.

The Boston-based money manager reported Wednesday that earnings rose 34% as assets under management rose 21%.

Despite stronger results from other online brokerage companies in July, E-Trade Financial Corp. reported that average trading volume fell last month.

After leading the regulator's division of investment management for four years, Andrew J. Donohue announced he will leave in

The Santa Monica, Calif., based independent broker-dealer network, recorded $342 million of revenue in the first half of the year, up 20.4% from a year earlier.

Forty-two percent of 111,731 CFA candidates that took the exam passed in June.

The New York money manager plans to acquire Primasia Investment Trust Co. to enter Taiwan's domestic mutual fund market.