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Each firm’s respective products will continue under their own brand names.

A House Ways and Means Committee panel plans to hold a hearing next Thursday on a bill that would prohibit state and local governments from issuing tax-exempt bonds unless they meet certain pension disclosure requirements.

In what marks the largest outflow activity so far this year, tax-exempt money market funds lost a hefty $5.17 billion and total net assets fell to $306.93 billion for the week ended April 25, according to the Money Fund Report, a service of iMoneyNet.com.

For banks looking to sell nonperforming assets, pricing realities are not ideal. But they have become increasingly tolerable.

Banks and several large technology companies, including Apple Inc. and Microsoft Corp., argue that because the Fed's proposed 12-cent interchange fee cap does not properly take into account the costs of fraud and fraud prevention, banks will inevitably have less money to protect data security, making the entire system less safe.

If you had an extra 100 hours each year (two extra hours a week) how would you spend it?

When Lyle LaMothe said on March 3 that he would step down from his post as head Bank of America Merrill Lynch’s U.S. wealth management business, industry speculation immediately set into motion regarding his replacement. And then the wait began.

BNY Mellon announced Thursday it has agreed to buy Chicago-based Talon Asset Management' s wealth management operations, which have more than $800 million in assets under management.

Regulatory reform was on the top of everyone’s minds at the Women Advisors Forum in New York City on Thursday.

The announcement from Ameriprise Financial that it planned to divest Securities America set off an inevitable scramble among recruiters and the company’s advisors. So what's next?

HSBC Global Asset Management has launched two emerging market debt funds. The HSBC Emerging Markets Debt Fund will invest in fixed income issued in emerging markets, and the HSBC Emerging Markets Local Debt Fund will invest in fixed income issued in emerging markets denominated in local currencies.

Horizon Asset Management and Kinetics Asset Management announced Thursday that they will merge on May 1 to form Horizon Kinetics, an investment advisor with $9.8 billion in assets under management.

U.S. Bancorp expects significant long-term growth from its wealth management business over the next three to five years as it looks to reap the benefits from an aggressive four-year strategy to transform the business.

An uptick in mergers and acquisition among investment advisory firms at the end of last year suggests that the pace will increase, according to a study by Pershing Advisor Solutions, a unit of BNY Mellon. However, there were fewer deals, and they took longer to complete in last year, compared to the peak in 2007.

Ken Abady, Brad Benter and Steve DeMatteo will join UBS’ San Diego office.

Acquisition of Talon Asset Management gives BNY Mellon Wealth Management access to third largest U.S. wealth market.

“Clearly, a lot of the same fundamental, structural changes to the industry continue to drive M&A,” says David DeVoe, managing director of strategic business development for Schwab Advisor Services.

The level of optimism of small business owners dipped slightly this quarter, according to a new survey.

Equity funds saw $3.08 billion in inflows the week ended April 20.