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The U.S. Court of Appeals in Chicago today affirmed U.S. District Judge Robert Gettleman's decision last year to throw out the complaint filed against Merrill Lynch and Bank of America Corp. The Charlotte, North Carolina-based lender acquired the securities firm for $33 billion in 2009.

U.S. exchange-traded fund assets totaled $1.2 trillion as of August 31 – up 16.6% year-to-date, according to State Street Global Advisors’ ETF Snapshot.

While annuities have become more widely accepted as a vital part of a retirement strategy, there are millions of Americans who still aren't opting for them.

The Triex Tactical Long/Short Fund, a separate series of the Northern Lights Fund Trust, is shutting down on September 27.

The iPad has revolutionized the financial services industry. Here's a deeper dive into some of the specific ways advisors and wealth managers can use the iPad to improve their business.

Deutsche Bank today unveiled its growth strategy for the next three years and beyond for its U.S. mutual funds unit and other businesses.

With an eye on extending a fiduciary standard to all, the Institute for the Fiduciary Standard sent this declaration.

Mark Fetting, CEO and chairman of asset manager Legg Mason, Inc., will step down at the start of next month, the Baltimore, Md.-based firm disclosed Tuesday.

ProShares this week got some good news from the United States District Court for the Southern District of New York, which dismissed, in its entirety, the class action lawsuit filed against the firm in 2009.

Wells Fargo Advisors has extended its summer hiring spree with the addition of two Morgan Stanley Smith Barney advisors with $127 million in client assets under management.

With so many financial services-related conferences vying for the attention and attendance of advisors and wealth managers, how do you determine if a particular conference is worth committing to and what are you really hoping to get out of it?

The departure of Chief Executive Officer Mark Fetting from embattled money manager Legg Mason has the firm reshuffling its top management in the face of a looming face-off with hedge fund manager Nelson Peltz of Trian Fund Management.

Morgan Stanley and Citigroup have agreed to a $13.5 billion valuation of Smith Barney that clears the way for Morgan Stanley to complete its acquisition of the brokerage business by June 2015.

Doug Regan To Head JP Morgan's Midwest Private Bank After 27 Years at Northern Trust

Seeking confidential access to brokers looking to make a transition, Securities America has signed a new agreement with online company Join A Firm that will cover costs for its branches to maintain profiles on the recruit-matching site.

The Financial Services Authority has fined BlackRock Investment Management (UK) Limited £9,533,100 (US$15.2 million) for failing to adequately protect its clients’ money market deposits and for failing to have controls in place to protect its money market deposits.

Advisors who don't feel like wading through reports on 9,000 hedge funds may feel more comfortable scanning information on about 40, especially if those funds have been expertly screened. Envestnet has announced a hedge fund research alliance with Fund Evaluation Group.

While a number of major carriers have exited the annuity industry due to capital constraints, continued volatility and historically low interest rates, key players contend that there is still plenty of capacity to meet growing market demand.

Touchstone Investments, a Cincinnati-based mutual fund company, completed its acquisition of 16 mutual funds from Fifth Third Asset Management.

BlackRock is cutting fees for its large exchange-traded funds next quarter in response to pricing pressure from the Vanguard Group, Bloomberg reports.