Subject Root Tag

State Street Corp., the third- largest custody bank, said third-quarter profit fell 0.6% as revenue from foreign-exchange trading declined and low interest rates continued to depress earnings.

Citigroup Inc. Chief Executive Officer Vikram Pandit, who led the bank through its government rescue, stepped down and will be replaced by Michael Corbat. The bank slid in early trading

Neuberger Berman is bringing value investment management shop Glickenhaus & Co. and its $900 million in client assets for high net worth individuals and non-profit institutions into its fold.

FISCO Funds Management LLC, a U.S.-based family of alternative investment managers, and OP 8 Analytics is teaming up to launch a new investment management company, CARF Management.

In the past three years, bond funds have been raking in the assets, but experts say there "a fairly unusual disconnect between returns and flows."

Citigroup has gotten rid of almost $500 billion in unwanted assets since the financial crisis, but executives say it still has work to do.

Planners concerned with the health of their clients’ pensions should take note that U.S. corporate pension plans managed a modest funding recovery in September, despite remaining in overall deficit status.

In the past three years, bond funds have been raking in the assets.

FISCO Funds Management LLC, a U.S.-based family of alternative investment managers, and OP 8 Analytics is teaming up to launch a new investment management company, CARF Management.

As 75 million Baby Boomers stand at the edge of retirement, most will have to look beyond government programs to sustain their standard of living. Here are six things advisors and their clients should be aware of when setting aside income-generating retirement plans.

While advisors might not snag designer Cynthia Rowley for their next client event, LearnVest Live showcased some important elements of a fun, successful client event. Check out photos from the event and read the blog to see what lessons advisors can take away.

Whitney Houston’s mother, Cissy Houston, and sister-in-law, Marion Houston, filed a request in court to change the terms of Whitney Houston’s will. They want to delay when Bobbi Kristina receives her inheritance in order to protect her. The will created a “testamentary trust” for Bobbi Kristina. Andy and Danielle Mayoras explain what a testamentary trust is (and how you could use it with your clients.)

Neuberger Berman is bringing value investment management shop Glickenhaus & Co. and its $900 million in client assets for high net worth individuals and non-profit institutions into its fold.

More than 4,000 shareholders in Baron Funds crammed into the Metropolitan Opera House at Lincoln Center in New York City last Friday to hear investment and market analysis along with songs belted out by Celine Dion, Harry Connick, Jr. and others.

Last month, the Board of Trustees of the Huntington Funds voted to close and liquidate the Huntington Macro 100 Fund, according to a Securities and Exchange Commission filing.

Fidelity Investments has named Papillion, Nebraska, as the site for its new $200 million data center, which it plans to have constructed and operating by 2014.

Southwest Securities has hired J.C. Graham as part of its latest recruitment campaign.

For planners seeking clues into U.S. consumer behavior this shopping season, a new survey detects optimism for both retailers and consumers, 62% of whom said they will spend as much or more as they did last holiday season.

The $696 million Invesco Balanced-Risk Commodity Strategy Fund is closing to new investors on November 15, according to a Securities and Exchange Commission filing.

Risk Paradigm Group, an independent wealth and asset management firm, announced Monday that a three-person advisor team from Morgan Stanley Wealth Management will join the firm.