Subject Root Tag

The deal, which was announced in October, was priced at $88.57 million inclusive of estimated net assets of the business of $21.75 million.

Investors kept pulling their cash from municipal bond mutual funds at a record pace last week as frightened money continued to flee the market.

From a psychic who couldn’t see the future to the car czar caught up in a pay-to-play hustle, this was the year in deception.

Genworth discontinues retail and group variable annuities, while Western & Southern and Allianz put faith in new variable annuities.

Federal Reserve Board Chairman Ben Bernanke on Friday reiterated the importance of community banks to the economy and the need to ensure regulatory burdens faced by small banks are minimized.

For the past two years, the FDIC has maintained a consistent crisis-response posture. But it will undoubtedly need to pivot in a new direction in 2011.

Have you decided that 2011 is the year to become an independent advisor? Tom Nally, a managing director of institutional sales at TD Ameritrade Institutional, gave us 10 of the best tips for going independent.

Smartleaf will help manage more than 40,000 portfolios for America’s fifth largest bank, which becomes its largest provider

Sam Guerrieri is listed as president-elect in the trade's group's board members section, but he will not become president of BISA until 2012, according to current BISA's president, Marc Vosen.

The Securities and Exchange Commission late Thursday obtained an emergency court order to freeze the assets of SJK Investment Management in Greensboro, N.C.

Morgan Stanley has shifted the roles of several top executives as the firm sets out to strengthen its international presence, according to a company memo from Morgan Stanley CEO James Gorman obtained by On Wall Street.In the memo, Gorman announces that Colm Kelleher, co-president of institutional securities, will relocate to London and assume new responsibility for Europe, the Middle East and non-Japan Asia. The heads of those regions will report to Kelleher, who will also have responsibility for the firm’s global sales and trading business.

There are two proposed pieces of legislation sitting in Congress that would seem to be no-brainers for helping people save for retirement and helping advisors help their clients.

Managing risk with be the trend in the investment management business in 2011, said Ed Keon, managing director and portfolio manager for Prudential Financial's Quantitative Management Associates, at Prudential’s 2011 Global Economic and Retirement Outlook briefing in New York on Tuesday.

There are two proposed pieces of legislation sitting in Congress that would seem to be no-brainers for helping people save for retirement and helping advisors help their clients.

Investors (and advisors) need to read the fine print when it comes to one of the most popular retirement vehicle.

The possibility that there will a $1 million estate-tax exemption, plus a higher tax rate, in two years makes a compelling case for the wealthy to give money to their family now.

These are the firm’s first funds to concentrate individually on these areas.

Fund complexes will invest in their IT infrastructure, Confuence predicts.

NYSE Euronext said average daily volume in dervivatives contracts were down 6.2% worldwide in December 2010, compared to the prior year.

If the stock market and your clients’ declining 401(k) balances are making them feel like they’ll never be able to fully retire or become financially stable, they’re not alone.