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The $696 million Invesco Balanced-Risk Commodity Strategy Fund is closing to new investors on November 15, according to a Securities and Exchange Commission filing.

Risk Paradigm Group, an independent wealth and asset management firm, announced Monday that a three-person advisor team from Morgan Stanley Wealth Management will join the firm.

The Charles Schwab Corporation has agreed to buy ThomasPartners, a dividend income-focused asset management firm with $2.3 billion in assets, for $85 million in cash and additional payments contingent on future growth in assets.

PerTrac, a provider of analytics, reporting and communications software for investment professionals, released a new report this week detailing the success of hedge funds during years in which the entire sector posted negative performance results.

Citigroup Inc., the third-biggest U.S. bank, reported a surprise profit of $468 million for the third quarter, helped by a $582 million tax benefit and bond- trading revenue that beat analysts’ estimates.

Go West (and go soon) for Dynasty Trusts. The top states for these products are South Dakota, Alaska, Nevada.

'Tis the season when the leaves change, the National Football League is kicking its season into second gear, the Yankees are once again chasing another championship, and...yes, there's another mutual fund conference to attend.

Asset managers spend more than 80 percent of their technology dollars simply maintaining existing operations. With regulatory changes and trading spanning more types of assets, “the buy side has a situation of underinvestment which is unsustainable,’’ research firm Celent said.

ClearBridge Advisors the largest manager of equity funds at parent company Legg Mason, apparently wants to cut the apron strings, announcing it would drop the “Legg Mason” name from all its U.S. funds over the next few months.

Cambridge Wealth Counsel has been called a top wealth management firm, but this Atlanta-based RIA's story is certainly a bottoms-up tale.