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Consolidation is a fact of life in banking, so it's easy to shrug off dire predictions that the next wave of mergers will swamp the community banking sector. But the case is becoming ever more convincing.

BankUnited Inc. of Miami Lakes, Fla., is expanding into the New York market with a deal to acquire Herald National Bank for $71.4 million in cash and stock.

Investors got downright defensive in next-to-last week of May, moving their money from stocks to bonds and money markets in response to persistent concerns about inflation and the debt crisis in Europe.

An annual global wealth report from Boston Consulting Group finds that millionaire households hold 39% of the world's total net worth but account for only 0.9% of all households.

A new era in retirement of the unprepared is dawning, as the West’s golden age of pensions comes to an end, according to a report from HSBC Insurance Holdings, “The Future of Retirement: The Power of Planning.”

Despite the fact that social media is critical for marketing and growth of financial advisory practices, a significant number of advisors are still concerned about using social media for compliance reasons, according to a Peak Advisor Alliance survey released on Wednesday.

Putnam Investments has won a sub-advisor mandate for two fixed income funds from Mackenzie Investments with $1.75 billion in assets under management. The two funds are the Mackenzie Sentinel Corporate Bond Fund and Mackenzie Sentinel Registered North American Corporate Bond Fund.

The difference between non-traded and private REITs depends on the real estate objective. Private REITs are Regulation D private placement offerings, which do not require a public registration filing. The shares can only be purchased by accredited investors and typically offer the potential for larger overall returns.

Matthews International Capital Management has launched the Matthews China Small Companies Fund.

Some financial planners take a strategic approach to REITs while others use them tactically, with some seeking the best of both worlds

A vast majority, 86%, of the 800 institutional investors and corporate executives surveyed for BNY Mellon believe there are significant opportunities for stock market growth. However, 58% think there are major downside risks preventing them from taking advantage of those opportunities, the survey, conducted by the Economist Intelligence Unit, found.

American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, RIAs, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.

Long-term municipal bond issuance is half of what it was a year ago, with volume down 51% through the end of May versus the same time last year.

Mortgage lenders and consumer advocates have joined forces to urge regulators to ease up on proposed risk retention requirements, arguing they will result in a credit crunch.

Despite surging popularity of mobile banking, JPMorgan Chase still plans to open nearly 2,000 branches over the next five years because they're profitable and customers still want them.

FINRA complaint alleges New York-based firm failed to properly vet non-traded REIT and posted misleading returns on its corporate website.

Even multi-millionaires lose sleep over whether their homes will retain their value and whether they can retire.

Agreements, deeds and leases are not core estate planning tools, but may have unexpected opportunities or traps.

Following two lean years, most of the Top 50 independent broker-dealers enjoyed significant growth.

While some experts say that clients need to brace for a market without the Fed's help by adding cash to their portfolios, others are worried that the rush for cash is already being overdone.