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Sen. Elizabeth Warren and her colleagues are working to drum up support for a new bipartisan bill that would bring back a Depression-era law separating commercial and investment banks.
July 12 -
Raymond James lured six advisors with over $350 million in client assets to its independent channel, the company announced Thursday.
July 12 -
Last month, State Street Global Advisors revealed numerous changes meant to modify its core teams in the traditional asset space.
July 11 -
Mutual fund liquidations have risen within the first six months of 2013 compared to the same period last year.
July 11 -
Money market mutual funds gathered $23.82 billion for the week ended Wednesday, July 10, increasing their overall assets to $2.620 trillion, according to the Investment Company Institute.
July 11 -
The Hartford is liquidating its Money Market Fund on September 27, according to the firm.
July 11 -
Andrea Kaempf, formerly of Bank of America, will lead the personal wealth team of U.S. Banks Private Client Reserve HNW unit in Washington State.
July 11 -
The wealth manager hired a sales director and a senior mortgage banker in Washington and added seven wealth professionals to the Philadelphia team.
July 11 -
A majority of asset managers said the Federal Reserves recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.
July 11 -
Professional athletes are enticing prospects for advisors. They've made it big, encountered a sudden windfall of wealth and many are young- sometimes right out of high school- and do not have the experience to understand how to manage it all themselves. Unfortunately, those conditions have also made for some of the most contentious disputes.
July 11
