News Feed

Anticipated demand for personal trust services has prompted National Financial — the clearing and custody business of Fidelity Investments — to incorporate personal trust services into its broker workstation used by nearly 280 broker-dealer firms.

On May 29, 2012, Morningstar, Inc. released some sobering news about the alternative mutual fund space.

The Financial Services Institute issued a letter arguing an SRO modeled after FINRA is the best of all alternatives, and FINRA rebutted criticism of its cost estimates for an investment advisor regulator.

On May 29, 2012, HSBC added a fourth EM fund to its portfolio.

A new Amerprise study finds that far too many baby boomers are sacrificing their retirement goals and plans to help ease some of the short-term economic pain facing their children and their own parents.

A broker has consented to pay a $10,000 fine and take a suspension of 15 business days in response to allegations that he incorrectly marked trades and prevented his firm’s compliance department from accurately monitoring the transactions.

The new services will include organizational tools to help family members organize vital information, paper files, electronic records and digital passwords.

On May 29, 2012, Fort Worth TX-based American Beacon Advisors launched the American Beacon The London Company Income Equity Fund (ABCAX), which is sub-advised by The London Company of Richmond, Virginia.

BNY Mellon hires two more pros in its Tampa office, which has seen double-digit growth since it opened in 2008.

Linscomb & Williams, which has $2.7 billion in assets under management, hired Abigail C. Gunderson, Ryan L. Patterson and Lauren J. Bain.