Special Program Root Tag

Demographics have led to desperation, and the next steps on that path have been towards the rich recruiting bonuses offered by wirehouses to productive advisors. Those tempting payments aren’t going away, but further improvements are “highly unlikely,” according to Mark Elzweig, who heads a New York-based executive search firm focusing on the asset management community.

Bloomberg — Herbert Allison Jr., the onetime president of Merrill Lynch & Co. who oversaw the U.S. government’s bank-bailout program following the financial crisis that led to his former company becoming a unit of Bank of America Corp., has died. He was 69.

Participants in the 2013 CFO Outlook Mid-Year Update gave the U.S. economy an average score of 58 out of 100. This figure was up f rom 49 in the last survey conducted late last year. The global economy received a score of 51, up from 45.

Earlier this month, Nuveen Asset Management revealed that its Chief Equity Strategist and Senior Portfolio Manager Bob Doll will be taking on a new slate of equity funds including traditional, specialty and alternative funds.

The Securities and Exchange Commission announced it has charged hedge fund advisor Steven Cohen with failure to supervise two senior employees. The charges also included failing to prevent the duo from insider trading.

The Securities and Exchange Commission together with financial regulators of the member states of the European Union (EU) and the European Economic Area (EEA) have established supervisory arrangements. This comes as part of a long-term strategy to improve the oversight of certain entities in the asset management industry that operate across national borders.

The newly released 2013 Responsible Investment Report highlights TIAA-CREF’s responsible investment strategies throughout the asset classes in which it invests. The report also points out the company’s socially responsible investing portfolios.

Over the past two decades, investors have paid less and less to own shares of mutual funds. That's because investors demand low-cost funds, and because the fund industry is one characterized by competition, innovation, and economies of scale.

Over the past two decades, investors have paid less and less to own shares of mutual funds. That's because investors demand low-cost funds, and because the fund industry is one characterized by competition, innovation, and economies of scale.

Broadridge Finalizes Bonaire Deal Broadridge Financial Solutions last week closed its acquisition of Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for institutional asset managers, wealth managers, mutual funds, bank trusts and hedge funds.

Hedge fund managers now no longer have to hide behind their websites because they are free to advertise openly to investors who meet their investment requirements courtesy of President Obama's JOBS Act.

Earlier this month, Nuveen Asset Management revealed that its Chief Equity Strategist and Senior Portfolio Manager Bob Doll will be taking on a new slate of equity funds including traditional, specialty and alternative funds.

Asset management mergers and acquisitions are on the rise and all signs are pointing to another healthy year for deal activity.

Financial advisors across the spectrum-at registered investment advisors, wirehouses and independent broker-dealers-are at a loss when it comes to understanding liquidity of exchange-traded funds, according to new research from Cerulli Associates.

INTECH Investment Management, an independently managed subsidiary of Janus Capital Group, has hired Phillip Leonardi to head of the firm's consultant relations team.

TrimTabs Investment Research reported today that U.S. equity mutual funds and exchange-traded funds gathered $34.4 billion in July through Wednesday, July 17, which is the second-highest inflow on record, according to the Sausalito, Calif.-based research shop.

Crisis and business continuity planning have been given a renewed focus in recent years as man-made and natural disasters have increased in both frequency and severity.

Neuberger Berman Group has launched the Neuberger Berman Greater China Equity Fund (NCEAX, NCECX, NCEIX), a mutual fund for U.S. investors investing primarily in equity securities of issuers based in mainland China, Hong Kong, Taiwan, and Macau.

Money market mutual fund assets increased by $8.53 billion to $2.632 trillion for the week ended Wednesday, July 17, according to the Investment Company Institute.

BlackRock said second-quarter profit climbed 32% as rising stock markets boosted fees.