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A senior Prudential executive is calling upon the government to promote the development of multiple employer plans, which allows many small employer to pool their resources together under a single defined contribution plan.

The proposed rule change might lower litigation and forum expenses, but it could also result in more claims and awards against reps and (eventually) RIAs.

imensional Fund Advisors has appointed Steve Clark, formerly head of portfolio management, as head of the North American Institutional group. He replaces Dave Schneider, who is retiring.

An analysis by Spectrem Group found that 41% of wealthy investors surveyed said they relied primarily on their own research and analysis, while another 40% said they relied primarily on a trusted financial advisor.

Associated Banc-Corp announced yesterday that it hired Tim Henke as an associate financial consultant at its wholly owned broker-dealer Associated Investment Services.

It's official: BlackRock, Inc. today says it has completed its acquisition of the Toronto-based Claymore Investments, Inc.

The new hire, Joseph Zidle, guided investing strategy for almost $2 trillion in individual investor assets in his prior role.

The new product attempts to capture the potential for higher returns and offset market volatility in clients’ portfolios.

Bankers are "bastardizing" the process of terms of the Dodd-Frank Wall Street Reform Act, by threatening to file lawsuits over whether costs and benefits of new rules have been adequately studied, according to Commodity Futures Trading Commission member Bart Chilton.

The heart – and brains – of a Wall Street firm used to be the great sales trader, said Matthew Andresen, co-CEO of Headland Technologies. Now, that value increasingly is moving into machines.