Industry

A replacement for Federal Reserve Chairman Ben Bernanke will not be named by President Obama until this fall according to a senior White House official.

George Crosby, the former head of HSBC’s Brazil team, will oversee all activities covering the Latin American markets in the U.S.

Ameriprise’s wealth management earnings rose 37% as its fee-based businesses continued to drive up results in 2Q.

Many advisors are eager to find new clients, but not sure where to start. Dave Grant says prospective clients can turn up anywhere.

Advisors have some more competition brewing in the still-nascent online planning world.

A 33-year financial services industry veteran from Southern California has been elected to serve as 2014 Chair-elect of the CFP Board of Standards’ Board of Directors.

Broker-dealer Waddell & Reed has recruited six new financial advisors, for a total $141.4 million in new assets under management.

Asset management mergers and acquisitions are on the rise and all signs are pointing to another healthy year for deal activity.

With three more even larger deals expected to be completed by September, Carson Institutional could become a serious alternative to some of the leading roll-up firms in the nation.

Raymond James posted only slight improvement as fixed income and lower trading revenue cut into earnings.