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ETFs attracted $41.4 billion in net new assets in the first quarter, more than double the first quarter of 2010.

Implementation of Basel III remains years away, but Citigroup is wasting little time in unloading assets that will look a lot less attractive under the new regulatory framework.

The FDIC engaged in an activity that paints an alternate history detailing how it might have handled the collapse of Lehman Bros. if its new reform powers had been in place.

KeyBanc Capital Markets doubled its personnel last month by hiring four professionals from Chapdelaine Credit Partners, a bond broker that closed in January.

With the shift, MSSB has hired J.P. Morgan Chase’s Jeff Hack as chief operating officer.

Early indications are that March will follow suit, according to Kehrer-LIMRA.

Most financial advisors do an outstanding job of building and maintaining relationships with their wealthiest clients but all too often fail to deliver the full buffet of financial services these highly coveted and well-healed clients want and need.

The combination of a robust U.S. equity market and the proliferation of company-sponsored retirement plans helped push total assets in 401(k) pans over the $3 trillion threshold at close of last year, up 13% from 2009.

Raymond James announced Monday that it hired Martin Gelb and Sonya Gelb Choeff. The father-daughter team joined the new Miami Beach branch of Raymond James.

SiVest Group, investment advisor to the Firsthand Funds, has launched the Firsthand Technology Value Fund, a closed-end, publicly traded fund.

Citigroup announced Monday its first quarter profits declined, but lending problems eased as the New York-based banking company continued to recover from the housing crisis.

FINRA has fined UBS Financial Services $2.5 million and ordered to pay $8.25 million in restitution for conduct related to the sale of Lehman Brothers Holdings principal protection notes.

RidgeWorth Investments has hired Robert Zakem as chief compliance officer and general counsel and Joseph O'Donnell as chief compliance officer for RidgeWorth Funds.

The Securities and Exchange Commission on May 10 plans to hold a roundtable discussion on how to guard against systemic risk involving money market funds, the investment industry's $2.8 trillion alternative to checking accounts.

Six days after the Securities and Exchange Commission holds its roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

Every communication is an opportunity to reinforce your positioning, market your firm and your build your brand. Yes, you really are marketing, whether you think so or not. Might as well do it right.

A need for higher-level support than interns could provide and a desire to help bright young people develop into full- fledged financial planners were the motivations behind a unique training program at Cornerstone Wealth Advisors, Inc. in Edina, Minn.

Robert Kerzner, president and CEO of LIMRA, LOMA and LL Global opened the 2011 Retirement Industry Conference with a plea to insurance professionals to familiarize themselves with the tools and sales and marketing techniques required to attract younger investors to their firms and products.

The Web-based analytical tool allows advisors to compare more than 10,000 mutual funds and ETFs in 60 different categories and formats to help them pick and choose the products that will best meet their clients' individual investment needs.

Taking advantage of opportunities will enable life insurers to play catch-up to the success mutual fund companies are enjoying, says LIMRA/LOMA CEO.