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Janney Montgomery Scott has hired financial advisor James A. Baber IV, who previously oversaw $61 million in client assets, to join the Strange Group in the firm’s Richmond, Va. office.

Investing in the railroad industry has traditionally been seen as a way to play economic recoveries. But a research note from Standard & Poor’s suggests railroads may be a good bet even in this uncertain economy.

Bank of America Merrill Lynch has hired Wells Fargo financial advisor Adam Gurien, who previously oversaw $283.3 million in client assets.

In an effort to expand its annuity business, The Hartford is expanding into the structured settlement annuity market, providing tax-free payouts to people who receive settlements related to a workers’ compensation or personal injury claim.

The Securities and Exchange Commission has approved the creation of an interim inspection program related to audits of brokers and dealers.

Parents are on track to cover only 16% of their children’s college education, Fidelity Investments’ 5th Annual College Savings Indicator study shows. In the study’s five-year history, this is the first year that the indicator’s steady decline has come to a halt, at 16%.

Russell Armstrong was the 47-year old husband of "Real Housewives of Beverly Hills" cast member Taylor Armstrong. Tragically, Russell committed suicide on Aug. 15, about one month after Taylor had filed for divorce. His untimely death and the subsequent squabbling by surviving relatives highlight the importance of estate planning whether you're famous or not.

The most highly attacked operating system in mobile computing is Android, from Google, according to a security technology unit of chipmaker Intel.

Transamerica is planning to roll out the Transamerica Global Tactical Fund in October. Sub-advised by Aegon Investment Management, the fund will invest in exchange-traded funds that focus on high-yield bonds and non-U.S. debt, including emerging markets.

SunGard has added credit risk analysis to its SunGard Global Network Short-Term Cash Management portal, relying on data from Standard & Poors, Sector Treasury and Crane Data.

As if the stock market's wild vacillations in the past few weeks weren't evidence enough that few have a firm hold on the U.S. economy's near- and long-term outlook, Fannie Mae this week issued an analysis that says the likelihood of a dreaded double-dip recession is now a 50/50 proposition.

Miami-based Ocean Bank faces a nearly $11 million fine to settle charges it turned a blind eye to drug traffickers allegedly using the bank to launder money.

UBS on Tuesday said it will eliminate 3,500 jobs over the next two years in a cost-cutting move.

UBS on Tuesday said it will eliminate 3,500 jobs over the next two years in a cost-cutting move.

First Allied’s move away from Advanced Equities Financial Corp., in a deal with Lovell Minnick Partners announced Monday, is well-timed good news, according to some industry insiders.

The equities analysts at Swiss-based UBS are taking an increasingly dim view of the U.S. and global economies and are suggesting that investors should be reducing their equity exposure from “overweight” to what they call a “neutral tactical stance” of stocks, bonds and cash.

Standard & Poor’s may be negative on equities markets these days, but its analysts are pretty high on utilities stocks and ETFs.

As if the stock market's wild vacillations in the past few weeks weren't evidence enough that few have a firm hold on the U.S. economy's near- and long-term outlook, Fannie Mae this week issued an analysis that says the likelihood of a dreaded double-dip recession is now a 50/50 proposition.

QFS Asset Management, a hedge fund that provides clients with currency, global macro, fixed income and volatility management strategies, this week named Jim Conklin as its new director of research.