Money Management Executive Latest News

NEW YORK-- Stifel Financial Corp. Chairman, President and Chief Executive Ronald Kruszewski urged pessimistic members of the financial services industry to go back and read a 1979 BusinessWeek article titled “Death of Equities."

WASHINGTON -- Education Secretary Arne Duncan on Tuesday urged a special advisory council to dig deep as it crafts recommendations for improving Americans' financial literacy though education and training programs, arguing that personal finance should be integrated early into the curriculum as a core subject.

The proliferation of new regulations emanating from the Dodd-Frank Act, Basel III and Solvency II are collectively inducing an outpouring of technology spending from companies in the financial service sector, a new report finds.

BOSTON—“Investors are running scared, from fear to fear,” said Brad Durham, managing director of EPFR, a global fund tracking firm, addressing Fund Forum USA’s Global Fund Distribution Summit here Tuesday.

Nasdaq OMX Group and a unit of Canada’s TMX Group said they are developing a family of capital markets indices based on U.S. Treasury instruments that will be rebalanced daily, instead of monthly.

BOSTON—“The greatest stimulus package in the world is certainty. For the past two years we have not had certainty,” Bob Reynolds, president and chief executive of Putnam Investments told the Fund Forum USA’s Global Fund Distribution Summit here Tuesday.

BOSTON--Getting on broker-dealer platforms is no longer easy for asset management firms. But with the right relationships, best products and unique offerings, it is possible. This is what speakers at Fund Forum USA's Global Fund Distribution Summit said here Monday.

BOSTON—The largest, and most successful, asset managers are structured as partnerships, Bob Pozen, chairman emeritus of MFS Investment Management, told Fund Forum USA’s Global Fund Distribution Summit here Monday.

The owners of Standard & Poor’s Indices and Dow Jones Indices will create a joint venture in index services.

NEW YORK--In her first industry-facing event since departing Bank of America Merrill Lynch, Sallie Krawcheck took to the stage of the annual SIFMA conference to discuss the state of wealth management and much more.