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The Chicago-based company has bolstered its wealth management team in with the addition of veteran advisor Brian Heilman.

Americans are shying away from life insurance because they overestimate its costs, according to this year’s Insurance Barometer Study.

At a financial forum organized by Paris Europlace, Citigroup Vice Chairman Lewis B. Kaden gave his view of five positive contributions from reform proposals under development in the U.S. and in Europe and his take on five areas that will require "a great deal of future study." Here they are.

April 26, 2012. State Street Global Advisors Actively Managed ETFs. “The goal is obviously to outperform” market returns and market benchmarks, in general, said Jim Ross, president of SSgA Funds Management.

It's been four years since the management team at Neuberger Berman decided to spend $922 million in order to acquire a majority interest in their firm and the fixed income and alternative asset management businesses of Lehman Brothers' Investment Management Division in the wake of Lehman's collapse.

Financial advisors meeting with female clients need to know their silence does not mean they do not understand, and nodding does not mean they agree.

Stephen D. Fisher, former senior vice president and deputy general counsel of Fidelity Investments, has joined Ernst & Young LLP’s Asset Management tax practice.

Total assets under management for target maturity funds reached a record high in the first quarter of 2012, or $429 billion, according to a Morningstar report.

TAMRO Capital has launched the TAMRO Small Cap Collective Fund, which is sponsored by Global Trust Company and available to ERISA-only clients

Investors have now yanked almost $30 billion this year from mutual funds that invest in U.S. stocks, according to the Investment Company Institute. And $500 billion since the start of 2007.