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Anticipated declines range from 5% to as much as 50%.

The Bush tax cut and unemployment benefit extension legislation passed a key procedural hurdle in the Senate on Monday, overcoming the 60-vote threshold needed to come up for a vote later in the week.

State and local budget challenges will put pressure on municipal credits and will drag overall economic growth next year, according to the Securities Industry and Financial Markets Association’s semiannual economic projections released Monday.

Baltimore-Md.-based Legg Mason has hired Pete Nachtwey, the former CFO for The Carlyle Group, to serve as its new lead financial officer...

According to a study by ING Retirement Research, investors who work with a a financial professional report saving significantly more for retirement.

If Mitchell Glassman visited your town sometime in the past 35 years, it probably wasn't for a good reason. The FDIC veteran has been involved in nearly 1,000 takeovers.

Bank of America seems to have taken over for Citigroup as the poster child for what can go wrong at a big, complicated bank.

Asset management fees for hedge funds, private equity, infrastructure and real estate have all fallen in both pooled and separately managed accounts, according to the 2010 Asset Manager Fee Survey by Mercer.

John Bouchard, Saundra F. Albrite-Bouchard and Julie-Anne Lewis represent the first team of financial advisors to join Washington Wealth, which Tony Sirianni and Ross Wilkinson launched earlier this month.

According to a study by ING Retirement Research, investors who work with a a financial professional report saving significantly more for retirement.

John Y. Kim, who is already the executive vice president of New York Life Insurance Company, will take over the chairman position currently held by Gary Wendlandt on January 1, 2011.

The New Jersey consulting firm hopes to hire two more full-time consultants in the next year, as she focuses on growing the consulting services for independent advisors.

Individuals aren't as interested in Roth conversions as many advisers expected.

The platform, which allows clients to obtain two-way dealable prices and execute trades live or with delta exchange, is a component of BofA Merrill’s overall eFX offering.

Currently, wirehouse market share is at 56% of total fee-based managed account assets, but Cerulli Associates predicts that market share will tumble to 50% by 2014.

Recent, surprisingly positive signs for the economy and the markets are on the rise-indicating that investors might return to equities and equity funds in 2011.

Charles Schwab has named Marie A. Chandoha president and chief executive officer of Charles Schwab Investment Management Inc., the investment advisor to the Schwab and Laudus Funds.

PHOENIX-Investors' renewed respect for risk management and interest in global opportunities will drive an entire new wave of index innovation, speakers at Investment Management Network's "Super Bowl of Indexing" predicted last week.

U.S. proxy advisory firms are now caught in the middle of a heated debate over how-and even whether-they should be regulated.

She previously held technology and operations positions with Goldman Sachs, Merrill Lynch, Lehman Brothers, Ernst & Young, First Boston and Royal Bank of Canada.