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On July 26, 2012, BlackRock Inc., Fidelity Investments and Vanguard Group Inc., firms that collectively manage more than $7 trillion, are gauging how their clients have been hurt by Libor manipulation and whether to take legal action as at least a dozen banks are being investigated for rate-rigging.

Mass affluent clients represent the sweet spot for every wealth management firm's business. So what's on their minds right now?

Elisabeth Baldwin joins Raymond James Morgan Keegan’s Gainesville, Ga., office after managing over $100 million at BB&T.

Schwab Advisor Services says fewer RIA mergers and acquisitions took place in the first half of 2012 compared to the same period last year, but the average assets under management acquired in those transactions jumped dramatically.

As sharp lines have emerged within a prominent House committee over how to step up examinations of investment advisers, the panel's chairman has signaled that no legislation will advance without broad, bipartisan consensus.

Steve Wershing, "The Referral Doctor," says if advisors want to get referrals, it’s more important to have people remember what kind of service and performance you delivered than to simply have a collection of fans.

Women age 65 and older live in poverty at higher rates than men even as more of them participate in employer-sponsored retirement plans, according to a U.S. Government Accountability Office study.

Morgan Stanley, trading at less than half of its liquidation value, could be worth as much as $32 a share in a breakup, said Michael Mayo, an analyst at CLSA Ltd.

Just 1% of the plan participants surveyed stopped contributing to their DC plan accounts, unchanged from the year-ago quarter.

The trio brings the total staff to 19, up from 12 a year ago when the firm purchased the asset management business of Chicago-based Talon Asset Management.

Evercore Partners Inc., the advisory firm founded by former U.S. Deputy Treasury Secretary Roger Altman, said second-quarter profit rose 19% as investment-banking revenue climbed.

Jefferies Group Inc. and Goldman Sachs Group Inc. led Wall Street’s largest securities firms in average compensation per employee at midyear, widening a lead over JPMorgan Chase & Co.

Scottsdale, AZ-based Longboard Asset Management has launched the Longboard Managed Futures Strategy Fund (WAVIX), a trend following offering.

The Commodity Futures Trading Commission said the futures commission merchant based in Greenwich, Conn., failed to properly supervise the reporting of activity in accounts of large traders.

In a new global survey, Accenture finds opportunity for life insurers to present clearer, more personalized information to win over these masses.

The $99 million inflow reported by the Investment Company Institute for the week ended July 18 does not erase the $11.8 billion pulled out of such funds in the prior six weeks.

The municipal bond market continues to strengthen as positive supply and demand factors this week push tax-exempts higher.

Comments by former Citigroup chief executive Sandy Weill reignited the debate over whether to separate commercial banking from investment banking.

Kamal Mustafa, a former global head of M&A at Citibank who now helps to stress-test banks, fears another earnings crunch is coming and that bank valuations will sink lower than they are now.

United Technologies Companylast month took the plunge into providing its employees a steady stream of retirement income.