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TIAA-CREF has committed $1 billion in seed capital to Covariance Capital Management, which will start investing in the third quarter.

In North America, confidence rose 10.5 points to 103.0.

Advisors are essentially small business owners, whose passion for their profession can easily consume everything else in their lives.

The combination of the catastrophic earthquake and tsunami in Japan and sustained instability and violence in the Middle East are taking their toll on U.S. and international markets and compelling large financial institutions to reassess their short- and long-term investments as they await the fallout.

Continued poor rate spreads between CDs and annuity yields pushed bank-sold annuity sales last year to their lowest level since 2000 and off more than 25% from what was widely viewed as a lackluster 2009.

An uptick in investor inflows and strong performance helped push the Neuberger Berman Equity Income Fund over the $1 billion milestone for the first time.

It may have taken almost 18 years for the combined assets of exchange-traded funds to surpass a trillion dollars. But it should only take another three years to top the second trillion.

PALM DESERT, Calif. – It may have taken almost 18 years for the combined assets of exchange-traded funds to surpass a trillion dollars. But it should only take another three years to top the second trillion.

An increasing number of advisor teams are transitioning to the fully independent registered investment advisor model from independent broker dealers, according to a Charles Schwab Advisor Services survey, which found a 45% increase in 2010 compared to 2009.

The State Street Investor Confidence Index, while remaining below neutral territory of 100, rose 6.5 points in March to 98.3. In March 2010, however, it stood at 107.4.