Money Management Executive Latest News

Registered investment advisors’ (RIAs) assets under management rose 28% to an average of $174 million in 2009, up from $136 million in 2008, the 2010 Rydex/SGI AdvisorBenchmarking Annual Study shows. This was the biggest percentage increase in the survey’s 11-year history.

Morgan Stanley announced Monday it has named Paul Price head of the firm’s investment management international sales.

FINRA today announced it has censured and fined New York-based Trillium Brokerage Services LLC $1 million for using “an illicit high frequency trading strategy and related supervisory failures.”

To engage Gen Y in financial discussions, Charles Schwab has launched a “SchwabMoneyWise” Facebook page to engage Gen Y in a dialog on “financial firsts.”

Citi’s Global Transaction Services unit has launched a suite of regulatory administration and compliance support services for hedge funds, private equity funds and their SEC-registered investment advisors. The service leverages Citi’s existing services for traditional mutual funds and their investment advisors.

Charlie Armstrong has joined Lincoln Financial Group as vice president, brand management, reporting directly to Chief Marketing Officer Heather Dzielak.

Retail investors ignored the pullback in the state and local government debt market last week, committing the third-heaviest slug of new money to municipal bond mutual funds this year.

Mutual fund managers - not their hedge fund counterparts - are the original alpha males (and females).

The Securities and Exchange Commission is likely to revise its approach to circuit breakers on the nation's equities exchanges, to include a "careful review" of price bands that limit how far up or down the price of a stock can move at any given time.

The class-action lawsuit initiated by Third Avenue Management against the Reserve Primary Fund is only just beginning and will undoubtedly make for salacious headlines in the months ahead.