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With liquidity still in short supply in equities and exchange-traded funds after the reopening of markets Wednesday, NASDAQ cancelled all trades in the first two minutes of activity in the Vanguard S&P 500 Growth ETF (VOOG).

Waddell & Reed Financial’s net income plunged in the third quarter due to losses from the sale of its Legend group of subsidiaries to First Allied Holdings.

Great-West Financial today reported that its Great-West Lifetime Funds grew 97% to $3.2 billion for the year ended September 30, 2012, compared to the same period a year ago.

Affiliated Managers Group, which bets on boutique investment management firms today reported third quarter earnings of $101.2 million, compared to $82.1 million for the same period of 2011.

High net worth individuals are relying more on advisors and structured products to reach philanthropic goals, according to Bank of America commissioned study.

The new practice management program includes retirement seminars, educational materials with action plans, online tools and a structured framework that financial advisors can follow with their clients, the company said.

Altegris Advisors has added the Brevan Howard Emerging Markets Local Fixed Income strategy to the Altegris Macro Strategy Fund (MCRAX, MCRNX, MCRCX, MCRIX).

Look for changes in Artio Global Investors leadership, with Richard Pell stepping down as chairman and chief executive officer tomorrow.

Stocks advanced as U.S. equity markets resumed trading for the first time this week after Hurricane Sandy. Most European shares rose as airlines reported better-than-estimate earnings, the euro strengthened and gasoline climbed to a two-week high.

The firm is adding a senior regional director of branch office development to boost recruiting efforts.

Largest independent broker-dealer increases assets under management and adds advisors, but revenues don't keep pace.

The longest weather-related U.S. trading suspension in 124 years has left money managers with one day instead of three to adjust their holdings before the fiscal year ends for more than 20 percent of them.

As Hurricane Sandy makes its way inland, bankers from Virginia to Maine are now focusing on post-storm crisis management. Payrolls for late October are a key concern.

Kweku Adoboli, the former UBS AG trader on trial over a $2.3 billion trading loss, said his girlfriend encouraged him to confess his losses to managers while another trader on his desk told him to flee the country.

How to utilize social sites effectively is on everyone’s mind these days, and most advisors can readily understand how to use a site like LinkedIn for business contacts. But what about Facebook? Does a site that traditionally features family pictures and silly contests really help you promote yourself and your services?

Citigroup Inc., the third-largest U.S. bank, said its office at 111 Wall St. will be unusable for weeks and that a building housing senior capital-markets executives lost power after Hurricane Sandy hit Lower Manhattan.

The longest weather-related U.S. trading suspension in 124 years has left money managers with one day instead of three to adjust their holdings before the fiscal year ends for more than 20 percent of them.

U.S. equity markets will reopen today after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Oct. 29.

Drawing from the lessons of Robert Cialdini’s book, Influence: The Psychology of Persuasion, Todd Colbeck adds his own tips on how bank advisors can apply those lessons to form strong relationships with trust officers.

Worried about possible flooding from Hurricane Sandy, Lancaster, Pa., planner Rick Rodgers spent Monday night at the fortified headquarters of his namesake firm -- a building that looks like a mansion on a Southern plantation.