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Kanaly Trust, a Houston wealth manager with approximately $2 billion in assets under management, announced it will be acquired by Lovell Minnick Partners, a private equity firm that provides buyout and growth capital to companies in the financial services industry.

Eleven months ago, Pacific Investment Management renewed its contract with State Street to manage its investment operations, on an outsourced basis.

Curian Capital has hired Amy Temkin as vice president of strategic accounts to lead Curian’s Strategic Accounts team on driving sales and forming long-term strategic with broker-dealers.

Advisors report that annuities are requested by clients more than any other unsolicited product, according to a new study from Cerulli Associates.

ICI president and CEO Paul Schott Stevens and ICI Global Managing Director Dan Waters today fired back at IOSCO’s report on money market funds that includes a number of regulatory recommendations.

Amid growing economic worries and a shift in investing strategy, advisors say they are bullish about their own firms' profits and assets under management.

HighTower Advisors hired David Nelson as a private wealth advisor at its Washington, D.C., based Pagnato-Karp Group.

The exchange-traded funds industry continues to boom, as assets under management topped a record $1.29 trillion as of the end of the third quarter of this year, according to the ETF Snapshot: September 2012, from State Street Global Advisors.

Goldman Sachs Asset Management (GSAM) hired Andrew “Buddy” Donohue, the former head of the U.S. Security and Exchange Commission's Division of Investment Management as its deputy general counsel.

Chris Martin and Caryn Cosentini joined the team as senior vice presidents and senior private bankers.

A four-man team, the Nierling Investment Group, has joined RBC in Dallas, Texas.

Advisors report that clients request annuities more than any other unsolicited product, according to new research from Cerulli Associates.

MFS has unveiled its new brand advertising featuring the theme "Investment Management for Investment Managers."

Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, added Schluchter Investment Advisors, which manages more than $300 million in client assets.

National Advisors Trust, an RIA-owned trust company with over $7.5 billion in assets under administration, announced Tuesday that it hired that Joseph Morsman as senior vice president of institutional trust.

During the first presidential debate, a Yahoo Finance poll found that 80% of voters believed Mitt Romney gave a stronger performance than President Obama. Blogger Jesse Marrus writes that among the praise and critiques of both candidates, one important question has emerged: what will happen to Wall Street if Romney wins in November?

Some 25 million people a year are thinking about social security, opening a door to a massive market for advisors, Bill Meyer, founder and CEO of Social Security Solutions, said at the Retirement Income Industry Association conference.

Mercer Hammond has added a trio of national segment leaders to service three major components of the US investments market.

Facebook is the world’s largest social network with more than 800 million active users. That is a lot of potential clients. However, Facebook presents some unique challenges to client acquisition, according to Craig Faulkner.

Well, that didn't take long.