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UBS Wealth Management Americas’ second-quarter performance showed gains in revenue and pretax profit and executives reaffirmed their commitment to keeping the business.

Orc Group said it released software to support electronic market making in North America.

Vanguard Group is extending its Admiral low-cost shares to six additional domestic equity index funds, effective September. The new fees will range from 10 basis points to 21 basis points.

Nationwide Funds Group has launched the Nationwide Alternatives Allocation Fund, a passively managed mutual fund that will invest in seven alternative asset classes: global real estate, emerging market debt, emerging market stocks, commodities, TIPS, international bonds and high-yield bonds.

In a presidential race dominated by fights over the debt limit and job creation, it is unusual for a candidate to devote much attention to the impact of Dodd-Frank on small banks. But Newt Gingrich has rarely taken the conventional route.

Five banks — M&T Bank Corp., PNC Financial Services Group Inc., Hancock Holding Co., People's United Financial Inc. and First Niagara Financial Group Inc. — countered early criticism of the prices and rationales of their recent acquisitions with hard data.

Brokerage firm Benjamin F. Edwards & Co. has staffed its new Chattanooga, Tenn. office with nine new hires, many from Wells Fargo Advisors, while also adding a Morgan Keegan veteran to its Texas team.

The Financial Industry Regulatory Authority (FINRA) has a message for investors considering lesser-understood investments as an alternative to traditional fixed-income and equity investments: caveat emptor.

Raymond James announced on Monday it nabbed a $500 million team from Morgan Stanley Smith Barney in Newtown, Pennsylvania.