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NEW YORK-The financial services industry actually embraces the Dodd-Frank Wall Street Reform Act and related rules and regulations, as a means of restoring faith in its part of the economy, the heads of private client service and capital markets firms said Monday.

The economic downturn took a toll on how much money wealthy families donated to charity in 2009, with average gift amounts tumbling by 35% from 2007, according to a Bank of America study released on Tuesday.

As the mutual fund industry faces potentially huge changes to the way it does business, BlackRock is pressing the Securities and Exchange Commission to take measured steps to ensure that smaller investors do not get shut out of whatever marketplace emerges from the new policies.

“Everything feels better than it did 12 to 18 months ago, but not as good as it did three to six months ago,” he said during a lunch time interview with Charlie Rose on Monday at SIFMA's annual conference in New York City.

The Securities and Exchange Commission has to get to the bottom of what its chairman, Mary L. Schapiro, called "loose" capital markets on Monday.

Americans view retirement planning as the most difficult financial task, a survey of 4,000 investors by Hearts & Wallets found.

“Financial institutions and Wall Street’s favorability rating is below Congress, which is a feat unto itself right now,” a speaker at SIFMA’s annual conference said Monday.

At its national conference in Denver, the Financial Planning Association spent a lot of time discussing education and regulation. It is fitting, then, that its president-elect also has financial literacy leadership under his belt.

As expected, Republicans regained control of the House. But what's next for the economy as a result?

BOSTON-A chorus of revolutionaries convinced that traditional, growth, value and blend style-dominated asset allocation needs to be replaced by strategic, tactical allocation was quite vocal at FundForum 2010 USA here last week.

The Securities and Exchange Commission Wednesday unanimously voted to ban 'naked access' to stock markets by unregistered entities.

So it almost looked like the six-month-long nightmare in funds flowing out of mutual funds that invest in U.S. stocks, long-term, was ending.

Oppenheimer has hired two executives in its fixed income division-Mark Anderson as managing director, institutional fixed income sales and trading, and Neil Snoep as director, bank strategist. Both report to Robert s. Lowenthal, senior managing director of the taxable fixed income group.

U.S. small-cap value stocks-consumer discretionary, industrials, financials and energy in particular-are poised to deliver solid returns as the economy and the stock market continue to improve, according to investment officers at recent outlook briefings.

Money market funds continue to waive big chunks of their management fees as yields on cash instruments remain too low to charge the full amount.

Regulators failed four banks late Friday, pushing the total number of collapses this year to 143.

Though House Republicans are almost certain to be frustrated in trying to repeal provisions of the Dodd-Frank regulatory reform statute, they are likely to find more success in using oversight powers to curb the law's implementation.

The Republicans rule the House now and all signs show that they can’t wait to make their mark on financial regulatory reform—if they can.

It sounds like the name of an honored Transatlantic ship, but this time the QE2 stands for the Federal Reserve Board’s second attempt at an economic stimulus with the name Quantitative Easing. Will this new round help keep the economy afloat and chugging toward an expansion?

According to BlackRock, if broker-dealers end up losing money on those fees, they will eventually compensate by serving clients on advisory programs called wrap accounts.