News Feed

Fed Chairman Ben Bernanke on Friday said that he’s confident that, despite the U.S. economy’s weak performance and the Labor Department's recent downward revision of the second quarter GDP growth rate from 1.3% to just 1%, things are likely to get better going forward. But what if he's wrong and things don’t get better?

Cerulli Associates has delivered a huge estimate of the size of the family-office market, along with a call for asset managers to treat it as a standalone distribution channel.

When SunTrust Banks acquired CSI Capital Management in May, the deal underscored a realization spreading across the banking sector: buying RIA firms is a reliable channel for growth.

While economists have predicted U.S. GDP growth of 3.1% over the next 12 months, Mellon Capital Management foresees growth of 2.0%—primarily due to government policy stalemates and the lingering impact of the debt crisis in Europe.

Touchstone Investments has launched the Touchstone Merger Arbitrage Fund, which will seek to achieve positive returns over the long-term, regardless of market conditions, by investing in companies involved in publicly announced mergers or other corporate reorganizations.

Compliance professionals don’t think the Dodd-Frank Wall Street Reform and Consumer Protection Act will lead to a significant increase in compliance spending this year and they expect more money will be allocated to technology rather than education and consulting, according to a new study conducted between March and April by National Regulatory Services (NRS).

Hurricane Irene is expected to make landfall Saturday in coastal North Carolina and hit the turf that houses the data centers that make up Wall Street on Sunday.

Hurricane Irene is expected to make landfall Saturday in coastal North Carolina and hit the turf that houses the data centers that make up Wall Street on Sunday.

Two-thirds of donors are cutting back on their charitable giving due to economic worries, a survey by non-profit consulting firm Dunham+Company found. Another 10% plan to cut back entirely until the economy gets back on track.

After the U.S. downgrade spooked the stock market this week, asset management and brokerage firms rushed to reassure their customers.