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Gemini Fund Services and Arrow Investment Advisors today unveiled their exchange-traded fund initiative, the Northern Lights ETF Trust (NLET), which will bring “innovative” ETFs to market.

Americans held $5 trillion in all employer-based DC retirement plans on September 30, of which $3.5 trillion was held in 401(k) plans, according to data from the Investment Company Institute.

A looming presidential election and fiscal cliff were not enough to dissuade employees from taking positive savings actions in their 401(k)s, according to Bank of America Merrill Lynch’s latest quarterly numbers for its retirement and benefit plan services business.

“Many banks are just going through the motions, tweeting about things that are irrelevant to their followers,” Ron Shevlin, an analyst with independent research firm Aite Group, writes in a recent report.

The old-school model of hiring an investment consultant to dispense advice to sponsors of pension funds and endowments about prospective investment managers is passing away.

With over 1,000 broker-dealers to choose from, how does an advisor navigate the choices, know where to go, and know where to be looking in the first place?

Belinda Sherman has been promoted to president of The Huntington Investment Company, reporting to Steven Short, director of Huntington Wealth Advisors.

Investors’ penchant for income and total return and a return to equities will fuel the next wave of exchange-traded fund product innovation in 2013, according to State Street Global Advisors latest ETF report.

Wells Fargo & Co., the biggest U.S. bank by market value, bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years.

For employees at the biggest Wall Street banks, 2012 brought a humbling post-crisis reality of job cuts, lower pay and tarnished reputations. For investors, it was a happier story.