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Another $3 billion leaves equity funds.

Sidney J. Weinberg Jr., a senior director at Goldman Sachs and a member of the family central to the firm, died Monday of prostate cancer at age 87 in his home in Marion, Mass.

Sectors’ business fundamentals may remain the same, but variations in strategy seen in response to economic turmoil, growth mandates, notes Robert E. Nolan report.

All banks are under enormous pressure to grow, but amid the economic malaise, the nagging question is: What happens once you do?

The Securities and Exchange Commission issued a proposal Wednesday to require new disclosures for asset-backed securities.

UAT said it received a patent for technology that connects external money managers to computing platforms in real-time.

There is a 20-year age difference between Shelly Church and Ilona Sawin, yet they have found enough common ground to form their own financial advisory team at Raymond James & Associates.

Carlo Chiaese, a Westfield, N.J. investment advisor, was arrested Tuesday for allegedly defrauding a New York City pension fund.

Standard & Poor’s has announced the finalists for its inaugural U.S. Mutual Fund Excellence Awards program.There are 29 funds, from a starting pool of 19,000 mutual funds. Seventeen fund families are represented across ten categories. Gold, silver and bronze award recipients in each category will be announced during a live video broadcast in November, from S&P’s offices, the company said.

Investors’ outlook is cautiously optimistic, with nearly half expecting gains in the year ahead despite their concerns over the sluggish economy, Scottrade found in a survey.

Registered investment advisors’ assets took an $8 trillion hit in 2009, but they’re rebounding this year with $4.6 trillion in gains.

There are 29 funds, from a starting pool of 19,000 mutual funds. Seventeen fund families are represented across ten categories. Gold, silver and bronze award recipients in each category will be announced during a live video broadcast in November, from S&P’s offices, the company said.

The fund giant has cut cost in 52 funds by lowering the qualifications for Admiral Shares.

A recent study shows that the gap between what Americans need for retirement and the amount they saved up is $6.6 trillion

The company announced it has completed its acquisition of BNP Paribas’ wealth management business in Panama and the Cayman Islands.

Thirty-four percent are increasing their monthly savings.

Four in 10 workers are planning to delay their retirement, according to a survey of 9,100 employees by Towers Watson. Sixty-eight percent of older workers said they were making the delay to keep healthcare coverage, and 61% blamed the decline in their 401(k).

The advisory services practice was established to help Northern Trust’s advisors understand the financial goals of clients in order to offer them specific wealth management services. The practice offers real estate, financial planning, family governance and education, philanthropy, family business, tax planning and wealth transfer.

Financial planners can be the difference between a successful retirement and a difficult one, according to FinancialPlanners.net.

New satellite section on homepage is called J.P. Morgan On Demand.