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OppenheimerFunds and Putnam Investments are among the winners of the 2013 NOVA Awards, which recognize innovation in the investment management industry.

OppenheimerFunds announced the extension of its senior loan investing franchise with the launch of the Oppenheimer Senior Floating Rate Plus Fund (SFR PLUS). This actively-managed fund offers investors access to the same experienced team as the firm's original Senior Floating Rate Fund (SFR).

Over the past 20 years, exchange traded funds have experienced astounding growth. There are now about 1,400 ETFs in the U.S. and 4,800 globally, according to statistics from BlackRock. The bulk of ETF assets (about $1.4 trillion) are based in the U.S., with total global assets hovering around $2 trillion.

BLOOMBERG -- BlackRock Inc. (BLK), the world’s biggest money manager, won dismissal of a lawsuit brought by two pension funds that accused the company of collecting “grossly excessive” compensation from securities-lending returns linked to iShares Inc.

As summer comes to a close, we're taking a look back at some of the hottest stories this season. Whether you were on vacation or busy working -- maybe you just finally have time to catch up on reading over the long weekend -- we've gathered the summer's top stories all in one place.

As summer comes to a close, we're taking a look back at some of the hottest stories this season. Whether you were on vacation or busy working -- maybe you just finally have time to catch up on reading over the long weekend -- we've gathered the summer's top stories all in one place.

Married gay couples living in all U.S. states can file joint federal tax returns, even if local authorities don’t recognize their marriages, the Obama administration said today.

Launching your own practice isn't easy. Here are five tips for getting started from advisors who have experienced the challenge of going out on their own.

The Private Client Reserve hired a new wealth management advisor from UBS Private Wealth Management to support growing business in the Chicago market.

LPL is shuttering NestWise, the once-hyped unit that was launched just last year to serve less affluent customers, and has laid off 40 NestWise employees.