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BNY Mellon Asset Servicing will allow authorized participants in exchange-traded fund transactions to place orders one day ahead of the actual trade date.

While many investors and wealth managers continue to operate under the assumption that, sooner or later, order will be restored and things will go back to the way they were before the 2008 financial meltdown, some pundits are warning that's not going to happen and everyone better adapt to the new rules of the investment game.

As the parent company announces earnings, the Americas unit sees more net new money and higher FA productivity.

Financial planners have several tools they can use to steer clients away from destructive behavior, said industry experts at a conference in New York on Tuesday.

Albridge, an affiliate of advisory firm and business solutions provider Pershing, announced improvements to its compliance and operational capabilities.

UBS said the “unauthorized trading incident” that led to a $2.3 billion loss in its third quarter was not “sufficiently investigated” when detected.

Although the State Street Investor Confidence Index is still below 100, indicating institutional investors’ appetite for equities and other risky assets is neutral, the index jumped significantly by 6.7 points to a reading of 96.7 in October—underscoring marked and continued improvement in institutional investors’ outlook.

Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said that many tax benefits for the 2012 tax year will increase due to inflation adjustments. Investors will be able to contribute an additional $500 to their 401(k), for a total of $17,000 for those under 50 and $22,500 for those 50 or older.

UBS said the “unauthorized trading incident” that led to a $2.3 billion loss in its third quarter was not “sufficiently investigated” when detected.

PowerShares QQQ has signed on as the title sponsor of the Champions Series national tennis circuit in a multi-year contract that costs seven figures a year—significantly upgrading its event sponsorship solely in Chicago.