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It’s a brave new world for investors, according to Natixis Global Asset Management president and CEO John Hailer. Amid the market volatility that has spiked this year, investors need alternative investments that are uncorrelated to the markets in order to build what Hailer calls “durable portfolios.”

Astoria Financial Corp.'s shares fell sharply Thursday after the Lake Success, N.Y., lender reported a 48% drop in its third-quarter earnings.

HighTower Advisors has snapped up Morgan Stanley Smith Barney branch manager Ann T. Rieder in the latest acquisition for its targeted national hiring spree.

With deleveraging debt now the modus operandi of the U.S. economy, the “tailwind of economic growth has been taken away,” said Curtis V. Arledge, vice chairman and chief executive officer of investment management at BNY Mellon. But the picture isn't entirely bleak. The decline in growth is creating a “bull market in [financial] advice,” Arledge said.

It’s a brave new world for investors, according to Natixis Global Asset Management President and CEO, U.S. and Asia, John Hailer. Amid the market volatility that has spiked this year, investors need alternative investments that are uncorrelated to the markets in order to build what Hailer calls “durable portfolios.”

"Simple Truths" From a Man Who Isn't an Academic

The Conference Board Leading Economic Index rose 0.2% in September to 116.4 (2004 = 100), following a 0.3% increase in August and a 0.6% rise in July.

Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said earlier this week that many tax benefits for the 2012 tax year will increase due to inflation adjustments. That includes personal exemptions and standard deductions, with tax brackets also widening next year.

Global regulators on Thursday came up with a plan for securities watchdogs to monitor high-frequency trading, but fell short of draconian measures.

Wells Fargo’s Rich Lowrie helped craft the tax proposal that’s driving political debate. Here’s a closer look at the financial planner and the rationale behind GOP presidential hopeful Herman Cain’s 9-9-9 tax proposal.