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A “new frugality,” born of The Great Recession and two consecutive years of declining consumption—the first time since the Great Depression—is becoming entrenched consumer behavior that will persist for years even as the economy rebounds, inevitably reshaping marketing strategies for financial services and other leading companies, a Booz & Co. survey of 2,000 U.S. consumers shows.
February 24 -
Citigroup is looking to sell a hedge fund unit with $4 billion in assets under management to SkyBridge Capital, according to The Wall Street Journal, citing people familiar with the talks.
February 24 -
For anyone still not convinced that Build America Bonds are transforming state and local government finance, behold a municipal bond mutual fund that has filed a prospectus in French.
February 24 -
Robust deal activity seen in the sector
February 24 -
Fidelity Investments has introduced a brokerage trading application complete with real-time news and quotes, interactive charting and watch lists for the iPhone and iPod Touch. The program lets users trade stocks, options, exchange-traded funds and mutual funds.
February 23 -
TD Ameritrade has reorganized its 13,000 mutual fund offerings into four different investment objective categories and turned to independent mutual fund research company Morningstar to rate the “Premier List” of funds.
February 23 -
Some advisors say selling the firm should not always be the main objective.
February 23 -
As more affluent individuals lose faith in their advisors opportunities arise for strong wealth managers to scoop up new clients.
February 23 -
Last year alone, the company was hit with $25.5 billion in redemptions, and in the previous year, $16 billion.
February 23 -
