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Morgan Stanley, the Wall Street bank with the biggest trading-revenue increase last quarter, lost money in that business on eight days in the period, down from 31 days a year earlier.

Newfleet Asset Management, an affiliate of Virtus Investment Partners, has named David Albrycht as president and chief investment officer.

American Century Investments has appointed Patrick Bannigan to the position of executive vice president and chief operating officer, effective earlier this week on Nov. 5.

President Barack Obama’s victory positions him to claim a mandate for pushing a proposal through Congress that would let tax cuts expire for top earners and avert $1.2 trillion in automatic spending reductions.

Global exchange-traded funds and exchange-traded products experienced inflows $13.5 billion of net new assets in October, which is lower than the US$40 billion of net inflows in September 2012, according to data from ETFGI.

Despite President Obama's victory Tuesday, the Democrats' financial policy agenda over the next two years will be far more about defending their past achievements than scoring new ones.

After a $1.9 million loss in the fourth quarter, Southwest Securities' retail group reeled in a $319,000 profit for the first quarter of its fiscal year.

Global exchange-traded funds and exchange-traded products experienced inflows US$13.5 billion of net new assets in October, which is lower than the $40 billion of net inflows in September 2012, according to data from ETFGI.

Peng Chen, current chief executive officer of Dimensional Fund Advisors’ Asia (ex-Japan) subsidiaries and Chairman of Dimensional SmartNest (Dimensional Retirement), is adding another title to his resume.

What are the top financial planning schools nationally? Check out this list to see where the next generation of advisors are coming from (and who the next generation of clients may be working with).