Industry

For employees at the biggest Wall Street banks, 2012 brought a humbling post-crisis reality of job cuts, lower pay and tarnished reputations. For investors, it was a happier story.

Cornerstone Advisors has selected SEI to launch a series of multi-manager mutual funds through SEI's Advisors' Inner Circle (AIC) Fund series trust offering.

Barclays has brought on directors in New York and San Francisco.

Firms aren't done with their acquisitions for the year yet, as evidenced by Schroder Investment Management North America's deal.

The Charles Schwab Corp. has closed its acquisition of ThomasPartners.

In a round of fall hiring, the firm added eight advisors with a total of $6.4 million in production.

Independent investment advisory firm CapWealth Advisors today named Phoebe Venable president and chief operating officer.

Legg Mason is buying itself an early Christmas gift.

It'll be a happy new year for Gemini Fund Services, which has announced a major achievement for its Northern Lights shared trusts.

BNY Mellon Chairman and Chief Executive Officer Gerald Hassell today unveiled several executive appointments to boost its investment management and services units.