Matt Ackermann

Fred Tomczyk, TD Ameritrade's president and chief executive officer, said in a press release that "record trading and continued strong asset-gathering" drove the company's strong results.

The price of the deal, which is expected to close later this year, was not disclosed. When the deal is completed, LaCrosse would have more than $21 billion in assets under administration and more than 250 employees.

The disappointing results, which beat analyst estimates, came a quarter after the New York-based banking company reported its strongest period in nearly three years, following the financial crisis which staggered, but didn't shutter, the company.

Charles Schwab, the company’s chairman, said in a press release Friday that its financial performance “rebounded strongly” during the quarter.

Due to poor market conditions, assets under management fell 14.5% from a year earlier and 19.6% from the previous quarter to $603.3 billion.

The team of four advisors generated $3 million in fees and commissions in the last 12 months and managed $558 million in client assets.

Assets under management declined 5% to $1.16 trillion as customers withdrew $29 billion from cash-like funds during the quarter and $126 billion over the past year.

Joan McKown, who has worked for the SEC since 1986, plans to join Washington-based law firm Jones Day.

This transaction is part of Citi’s strategy to reduce its assets and businesses within Citi Holdings, its portfolio of non-core operating businesses and assets. Citi said that it plans to continue to divest non-core assets.

As a result of stock market declines and lower interest rates, the funding status of the average U.S. corporate pension plan declined to its lowest level since February 2009.

Rich Linton was hired as head of business retirement solutions and Steve Ulian as head of institutional retirement and benefits solutions, the Charlotte, N.C., banking company said in an internal memo Thursday.

Robert S. Matthews worked for Smith Barney and Citigroup for the past 25 years in its global private banking, wealth management and family office services units. He replaced Kevin McCabe, who was president and chief executive officer since Fieldpoint was founded in 2008.

Baird Private Equity, the global private equity group of Robert W. Baird & Co. announced the promotion of Michael Liang to partner of Baird Venture Partners, the hiring of Jamie Bellanca as an executive-in-residence with Baird Private Equity and Lily Wang as an associate with Baird Capital Partners Asia.

According to a report, S&P 500 defined pension plans rose to 81.65% from 78.1% a year earlier, but remains significantly underfunded by $260 billion.

The group will be led by Nadine Chakar, who was head of Europe, Middle East and Africa asset servicing.

Now that Bank of New York Mellon Corp. has closed its acquisition of PNC’s Global Investment Servicing Inc. the New York-based company has its sights set abroad for further growth of its asset servicing business.

The acquisition of Prairie Capital Management is expected to close at the end of July.

The number of exchange-traded funds has surged the past few years, bringing a unique business opportunity to Russell Indexes in Tacoma.

The mutual fund giant plans to launch equity funds and ETFs along with municipal bond and international real estate products

Already armed with Pershing for standard clearing, the new unit is designed to clear futures and derivatives trades.