Money Management Executive Latest News

While the processing of many back-office functions is now automated, corporate actions have remained mired in e-mails, faxes-and general inefficiency.

Dark pools now handle roughly 12.6% of all trading in stocks in the United States, by the monthly account of Rosenblatt Securities, an agency brokerage.

Nothing that Federal Reserve Bank Chairman Ben Bernanke, Treasury Secretary Timothy Geithner or President Barack Obama can do at this point is going to prevent this country from going into another Great Depression.

River Road Asset Management has expanded its business development team with the hiring of Katrina Howard O'Leary as vice president of client services. In this role, she will work with institutional investment consultants and plan sponsors.

John Hancock Funds had a $9.2 billion record sales year in 2010. Now, the mutual fund complex wants more.

Although they have little trust in financial advisers, young American investors feel they are well-educated about handling their own budgets and are optimistic about the future.

Fidelity Investments’ operating profit rose 17% in 2010 to nearly $3 billion, up from $2.51 billion in 2009, driven by strong mutual fund sales and brokerage business. The company released the information in its annual report to private shareholders.

The Fidelity Millionaire Outlook, a survey of 1,000 millionaires, found that while their current outlook on the economy is weak, many expect marked improvement in the fourth quarter.

The U.S. and Singapore were co-valedictorians in a new Morningstar report released Friday as both countries earned "A" grades on a report card that measured the overall experience of mutual fund investors based on a variety of factors including taxation, transparency and investor protection.

U.S. investors have warmed to exchange-traded funds in a big way over the past five years and their growing familiarity with the expanding variety of products available helped pushed the total value of U.S. ETF assets over the $1 trillion mark last month, according to a report from State Street Global Advisors.In February alone, investment into these funds grew 3.5%, or $34.9 billion, and -- perhaps more telling -- investors added more than $6 billion to ETFs than they withdrew, a clear sign that many financial advisers and broker-dealers recognize that the growing variety of ETFs and the tax efficiency of these relatively new investment vehicles make them a viable alternative to mutual funds, annuities and other traditional investment products.