Money Management Executive Latest News

Much of the agreed-upon financial reform legislation calls on large banks and brokerages to improve their risk management functions, to help avoid another meltdown.

Fear is the new name of the investing game. It's what drove investors to take $527 billion off the table in May, and it's what continues to rattle the market, with the Dow's 268-point drop on Tuesday and second 115-point decline at deadline two perfect examples.

NYSE Technologies and Markit Group said Thursday they will consolidate their pools of data on trading in over-the-counter stocks in Europe.

Now that Bank of New York Mellon Corp. has closed its $2.31 billion acquisition of PNC's Global Investment Servicing Inc., it is looking abroad for growth in its asset servicing business.

WASHINGTON — The Securities and Exchange Commission on Wednesday unanimously adopted rules designed to prevent investment advisors from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college savings accounts.

Back in March, sister publication Financial Planning wrote about the potential long-term care crisis that could plague Boomers during their later years.

TD Ameritrade and Vanguard Group have added the Thesis Flexible Fund, an alternative strategies fund, to their respective platforms. Grand Distribution Services of Milwaukee distributes the fund, managed by Thesis Fund Mgmt. of New York. The fund uses hedging strategies and is managed by the Thesis team with Stephen Roseman, Thesis Fund Mgmt. chief executive officer, as senior portfolio manager.

Jefferies & Co. said on Wednesday it hired Michael Anderson as a managing director in its global equity capital markets group, responsible for coverage of financial institutions.

Though world gross domestic product shrank in 2009, high-net-worth individuals managed to almost make up for 2008 losses, according to the Merrill Lynch Global Wealth Management and Capgemini 14th annual "World Wealth Report."

The number of exchange-traded funds has surged the past few years, bringing a unique business opportunity to Russell Indexes in Tacoma.