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Chris Brewster joined the firm as non-producing manager of the Columbus, Ohio office, which has 10 financial advisors and 27 associates.

Just days after the Securities and Exchange Commission issued a recommendation that all financial advisors practice within the fiduciary standard of care, BlackRock announced it has hired an executive for that role in the company.

Dynasty Financial Advisors announced that Bank of America had agreed to settle its suit brought after Merrill Lynch’s Michael Brown brought his team to Dynasty in December.

BlackRock said net income reached $657 million in its fourth quarter, up $401 million or 157% from a year earlier. Net income for all of 2010 more than doubled, to $2.1 billion, on revenue of $8.6 billion.

Global X has already contracted to develop new ETFs based on the indexes.

The Securities and Exchange Commission reportedly is seeking documents from the Massachusetts’ Treasury Department in reference to its relationship with Goldman, Sachs & Co.

The Obama administration will not make its Jan. 31st deadline for proposing reforms to the government-sponsored enterprises, an administration official said Monday.

With regulators catching flak for taking too long to close "zombie" institutions, the failure of United Western Bank seemed atypically quick.

“The outlook for investors in 2011 is as positive as we have seen in years,” says Joseph R. Dancy, Adjunct Professor of Law at Southern Methodist University and manager of the LSGI Venture Fund L.P.

In 2008, when the global credit crisis exploded, the SEC conducted 772 examinations of the operations of brokers and dealers of financial instruments in the United States. In 2010, that number fell to 490 examinations. The cause? The increasing complexity of the exams that take place. Here are the numbers that result, when the SEC takes on brokers.

The Bank Insurance and Securities Association named James McNeil, formerly executive vice president and chief operating officer of BAI, a consultant in Chicago, as its new executive director.

BlackRock has hired Nancy Everett as managing director, head of U.S. fiduciary management solutions, a new position. She was previously chief executive officer of Promark Global Advisors, previously known as General Motors Asset Management.

The hiring outlook for the next six months looks good, according to the most recent survey from the National Association for Business Economics.

Company takes a major step in the cross-marketing strategy that it has highlighted as a benefit in the Merrill acquisition.

The SEC’s recommendation didn’t lay out a timeline or a framework, but now the ball is in motion, observers say.

Many mass-affluent investors, those with $50,000 to $250,000 in investable assets, have thrown in the towel when it comes to long-term financial goals and are, therefore, more focused on short-term needs than they are on retirement.

Russell Investments has launched two new mega-cap emerging markets indexes, the Russell Emerging Markets Mega Cap Growth Index and the Russell Emerging Markets Mega Cap Value Index. Global X Funds has already contracted to launch two exchange-traded funds based on the indexes.

Global equities are benefiting from an increasingly positive outlook by investors, according to the latest BoA Merrill Lynch Survey of Fund Managers.

U.S. banks have finally started extending loans to consumers for the first time since the credit crisis began in 2008.

The Securities and Exchange Commission has selected Eileen Rominger as director of the division of investment management.