Money Management Executive Latest News

Bank of America Merrill Lynch has announced launched electronic FX options trading capabilities for institutional and corporate clients.

Asset management fees for hedge funds, private equity, infrastructure and real estate have all fallen in both pooled and separately managed accounts, according to the 2010 Asset Manager Fee Survey by Mercer.

The Securities and Exchange Commission has approved the request of four U.S. stock exchanges to extend the pilot program for market-wide circuit breakers launched after the May 6th Flash Crash to April 11.

Individuals aren't as interested in Roth conversions as many advisers expected.

Fidelity has introduced a report analyzing the proposed cost-basis requirements and those finalized by the Internal Revenue Service to help registered investment advisors and broker-dealers meet the Jan. 1 effective date.

Currently, wirehouse market share is at 56% of total fee-based managed account assets, but Cerulli Associates predicts that market share will tumble to 50% by 2014.

As cost-basis reporting becomes a reality, the investment industry is facing one of the most sweeping legislations of our time. This legislation impacts most aspects of shareholder interaction, including new account openings, trading and reporting. Firms face increased expenses implementing the legislation through increases in staffing requirements for trade processing and investor education and system enhancements.

Recent, surprisingly positive signs for the economy and the markets are on the rise-indicating that investors might return to equities and equity funds in 2011.

Charles Schwab has named Marie A. Chandoha president and chief executive officer of Charles Schwab Investment Management Inc., the investment advisor to the Schwab and Laudus Funds.

PHOENIX-Investors' renewed respect for risk management and interest in global opportunities will drive an entire new wave of index innovation, speakers at Investment Management Network's "Super Bowl of Indexing" predicted last week.