Money Management Executive Latest News

More than half of wealth managers believe the industry is undergoing a dramatic change, according to a new survey by SEI, and a further third concede the industry is at least somewhat moving in a customer-centric direction.

Individual Retirement Account assets have overtaken assets held in 401(k) plans and 403(b) plans for the first time, according to a Cogent Research report.

Suddenly, Florida is the ripening fruit for many bank buyers, which raises the question, How did that happen?

American Banker | Monday, June 21, 2010

Putnam Investments plans to continue to aggressively expand its array of products even as market volatility has forced some competitors to retrench.

Proponents of the fiduciary standard for all financial advisors began watching the House-Senate conference committee Wednesday as it began considering whether to include the requirement in the financial regulatory reform bill.

In an age where just about anything can be bought and sold entirely through the Internet, there is still an exception or two. A house is one.

Nomura Draws In Barclays, Credit Suisse Dealmakers

Standard & Poor's and Financial Research Corp.announced a content licensing and distribution agreement Thursday whereby FRC data will be available on S&P's MarketScope Advisor platform for financial advisers. Terms of the agreement, including financial considerations, were not disclosed. An S&P spokesman denied the deal is a precursor to an acquisition of FRC from its parent, private equity firm Mercatus Partners LLC.

The May 6 Flash Crash has sent the Investment Company Instituteinto action. The Washington trade association wants a better handle on high-frequency trading and dark pools. Not only is the ICI asking this clandestine corner of the market for more information, but it's urging the Securities and Exchange Commission to look closer, too.