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Total retirement assets were $17.0 trillion as of Sept. 30, down 7.5% from a record high of $18.4 trillion as of June 30, the Investment Company Institute said Wednesday, attributing most of the decline to the 13.9% decline in the S&P 500 Index in the third quarter. Assets might have declined even further were it not for automatic contributions to 401(k)s, the ICI said.

After a decade marked by two severe bear markets, 401(k) investors have adopted a more balanced approach to their portfolios, according to a report released Wednesday by the Investment Company Institute and the Employee Benefit Research Institute.

The Financial Services Institute has appointed the CEO of a large broker-dealer holding company to its 2012 Board of Directors.

Ameriprise Financial hires independent teams in Southern California and Oklahoma, while two advisors join in New Jersey.

The funds might include both domestic and U.S.-listed foreign companies, a feature that allows for a more global representation.

Wells Fargo has signed a deal to acquire investment boutique EverKey Global Partners.

Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in their last-ditch effort to get their $9 billion merger cleared by the European Union.

inShareWells Fargo & Co. has signed a deal to acquire investment boutique EverKey Global Partners.

For once, it’s the whippersnappers who are behaving more wisely. At least when it comes to saving, Generation X and Generation Y workers are more diligent than their peers.

Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in their last-ditch effort to get their $9 billion merger cleared by the European Union.