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Industry participants say brokers have made a lot of progress toward meeting new cost-basis reporting requirements from the Internal Revenue Service, which take effect in January 2011.

Low rates on fixed annuities force advisors to branch out into life insurance sales, hitting a home run.

At 91%, the overwhelming majority of retail investors support a fiduciary standard for all financial advisers, according to a survey of 1,319 investors by Infogroup/ORC.

Almost three-quarters of voters are worried their savings won’t last retirement.

While the investment industry may be in two minds about how the SEC should proceed, investors are in no doubt that advisors should act in their best interest.

Establishing a presence in China is slow going, but Northern Trust Corp., which recently won approval for a Beijing branch office, believes the payoff will be worth the wait.

Despite declining trading activity industrywide, Charles Schwab Corp. announced Wednesday that it expects third-quarter results will be in line with the previous quarter.

A new study by Ameriprise Financial finds anticipation has been replaced by hesitation.

U.K. firm is looking to increase U.S. presence, but it’s still not aiming for sheer size.

Institutional broker dealer MF Global Holdings has hired Greg Shonhorn for its fixed- income group in New York effective Sept. 7.

The Swiss financial services company will pay $425 million for a minority stake in the New York hedge fund manager.

The heads of JPMorgan Chase & Co., Bank of America Corp., PNC Financial Services Group Inc. and other banking companies said added fees, investments in businesses unrelated to lending and smaller client bases will offset the toll of reform expenses and tepid lending.

Senate Democrats largely supported the idea of appointing Elizabeth Warren as the temporary head of the Consumer Financial Protection Bureau, with one key exception — Banking Committee Chairman Chris Dodd — who joined Republicans in arguing such a move would be a "mistake."

The fixed-income trend is leading the bumper inflows for bond-heavy fund families, while investors continue to punish American Funds for not being “bear-proof.”

Fixed-income funds held their siren-like draw for investors, contributing largely to long-term mutual funds’ $16.8 billion in inflows in August, according to a Morningstar analysis.

State Street Global Advisors has launched a global natural resources exchange-traded fund.

The U.S. economy is on an expansionary, albeit sluggish, path—not toward a double-dip recession, says BNY Mellon Chief Economist Richard B. Hoey. In the near term, however, hold onto your hats: The “most pronounced weakness in the U.S. economy” will become apparent in the second and third quarters of this year, he says.

Altegris Advisors has launched the Altegris Managed Futures Strategy Fund, an actively managed mutual fund aimed at both retail and professional investors. In launching the fund, the alternative investments manager noted that in the past decade, U.S. stocks declined 17%, but managed futures gained 122%.

Government workers are not sitting pretty on top of fat future pensions. More realize that their pensions could be under pressure in the future, and that their government employers are shifting more of their retirement burden onto workers. The smart government and municipal employees—especially those who are slated to only receive a partial pension and are being guided to save in a 457 or other defined contribution plan—are looking to save more.

UBS Wealth Management Americas continued on a hiring spree, adding million-dollar producers in New York and Houston.