Matt Ackermann

The Valley Forge, Pa., company's decision comes just a few months after a similar move by Charles Schwab.

More than 25 investment managers have already signed on to the platform.

A new CEO at Hatteras Funds, Fidelity hires in Canada, and more executive changes for the last week of April.

Investor confidence among millionaire rose to its highest level in more than two years as optimism about the economy increased.

Despite a mid-month surge from the Dow Jones Industrial Average, advisor confidence in the economy leveled off in April as many financial consultants worried about the impact of health care reform.

Armed with its acquisition of Barclays Global Investors, profits quintupled, but analysts expected more.

Following a disastrous first quarter a year ago, the Baltimore-based fund company announced Friday that its quarterly profits more than tripled last quarter.

Hampered by loan losses, Wilmington Trust Corp. reported a loss in the first quarter, but the company remained positive about its wealth management and corporate client services businesses.

The regulator fined units of the two banking companies $1.5 million and $275,000 respectively for auction rate securities violations.

As the country’s two largest custody banks wait for interest rates to improve, both continue to jockey for position as the industry consolidates.

As earnings surged at larger competitors, the Chicago-based bank reported that profits declined 3% to $157.2 million as revenue remained flat.

The San Francisco company has reserved an additional $172 million to pay for the settlement.

The good news couldn't have come at a better time, which saw its stock - and reputation - tumble last week after the SEC filed a complaint against the Wall Street giant alleging civil fraud.

As it continues to shed business units and streamline operations, Citigroup Inc. reported Tuesday that earnings more than doubled from a year earlier.

The Charlotte-based banking company's strong quarter from the investment and wealth units more than offset the performance at the rest of the bank, which collectively lost $36 million in the first quarter.

In line with its own worst-case-scenario forecast, the San Francisco brokerage company reported earnings fell due in part to a 19% decline in trading revenue.

The three business units — a fund of hedge funds, hedge fund seeding and hedge fund advisory businesses — are from Citi Alternative Investment LLC and collectively have $4.2 billion of assets under management.

Assets increased 18% as more investors have started to seek out advice regarding their retirement nest egg.

ETF assets rose 7.2% in March to $806 billion, according to data from State Street.

Brown Brothers Harriman & Co. hopes that by maintaining its localized approach to wealth management it can continue to organically grow its trust business by cross-selling services to its roster of wealthy clients.