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Last week, the Financial Stability Oversight Council voted to proceed with rule-making that provides regulators with greater authority to oversee financial companies that are not banks but have more than $50 billion in assets and $20 billion in debt.
October 24 -
Brown Brothers Harriman & Co. has appointed Rafael Febres-Cordero managing director and head of its international wealth management business, in a push to expand its international business. Febres-Cordero is a 20-year veteran of the financial services industry and spent the past 14 years at Fidelity Investments in a variety of positions, including as managing director of Fidelity's private equity division, Devonshire Investors. He was also managing director, Southern Europe & Latin America at Fidelity Investments International.
October 24 -
At the start of October, the Investment Company Institute announced it was going global.
October 24 - Money Management Executive
The wealth management sector hasn't exactly been blazing the trail when it comes to integrating sleek new mobile devices into the workflow. But that slow ship is beginning to turn, according to a study from the research firm Aite Group.
October 24 - Money Management Executive
The financial crisis of 2008, when the S&P 500 lost 38.5% in value, and the ensuing market volatility in the three years since have served as a sobering wake-up call for the wealth management industry.
October 24 - Money Management Executive
Transition management-it's the term used by custodian banks and other service providers to describe how they move the assets of a pension plan or other plan sponsor from one fund manager to another.
October 24 -
FPA has launched the International Value Strategy portfolio, with plans to roll out a mutual fund version in the near future.
October 21 -
It’s a brave new world for investors, according to Natixis Global Asset Management President and CEO, U.S. and Asia, John Hailer. Amid the market volatility that has spiked this year, investors need alternative investments that are uncorrelated to the markets in order to build what Hailer calls “durable portfolios.”
October 21 -
The Conference Board Leading Economic Index rose 0.2% in September to 116.4 (2004 = 100), following a 0.3% increase in August and a 0.6% rise in July.
October 21 -
Global regulators on Thursday came up with a plan for securities watchdogs to monitor high-frequency trading, but fell short of draconian measures.
October 21