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Hughes, formerly a business development partner at private equity firm Camden Partners, was named to the newly created position of managing director of endowments and foundations.

MassMutual’s retirement services division is launching an interactive seminar series for participants on Feb. 23 called RetireSmart. The first session, on “Understanding What’s Driving the Economy,” will be presented by the firm’s Chief Economist Jerry Webman.

Part of the reason for the surge in the first nine months of last year appears to be that brokers in the bank channel pushed harder for fee income as other fees came under pressure.

The company plans to increase payout for advisors with more than $50 million in assets under management.

Standard & Poor’s has launched a new balanced series of indexes that combine equities and fixed income and that range from conservative to growth.

For a mutual fund with a strong track record, Nicholas Equity Income Fund is not particularly large. And its manager is fine with that.

Tax-exempt money market funds recouped most of last week’s losses, adding $2 billion and finishing with $326.39 billion in total net assets for the week ended Feb. 7, according to the Money Fund Report, a service of iMoneyNet.com.

Some banking companies are chasing transformative acquisitions, but Wintrust Financial is perfectly comfortable growing block by block.

For the second year in a row, enforcement actions set a record, jumping 21% last year, to 2,724, an increase industry representatives attributed to a persistently heightened focus on capital and safety and soundness standards in the wake of the financial crisis.

“I think the growth prospects are terrific,” Arnold said in his first interview since the company emerged from its quiet period. “We have an overall demand for advice which tends to help this segment of the industry.”

"We're no closer to an end game than we were before the report," one panelist said Thursday. "Maybe even further away."

Having attended hundreds of practice management and motivational sessions at various conferences over the years, it has become clear to me that most of our roadblocks to business and personal success are (get ready to wince) self-created.

With regulatory reform bringing a wave of changes to defined contribution plans, advisers need to be even more conversant in the ins and outs of legislative requirements and other complexities. Which is why BlackRock is beefing up its commitment to advisors who work with these retirement plans.

A former broker for RBC Capital Markets is set to pay $1.7 million to RBC Capital Markets and his request for $37.8 million in compensatory damages has been denied.

The country's seventh-largest, fee-only RIA has carved out an exclusive and extremely profitable niche providing full-service investment advice and services to the ultra rich.

Last year saw a 22% increase in M&A worldwide, and another 36% increase is expected this year, according to Thomson Reuters.

Seventy percent of investors believe the S&P 500 will increase by the end of the year, compared with only 33% who were bullish on the market in August, a survey by MoneyShow.com found.

U.S. investors added $9 billion more to ETFs than they withdrew in January, marking the fifth consecutive month of positive flows for the sector.

The index reveals that consumers are still feeling financial stress.

House panel members on Wednesday opposed federal bailouts for municipal governments and were reluctant to provide states with bankruptcy protection, but they seemed to support requiring improved public pension fund disclosure.