Subject Root Tag

Two influential advisor trade groups-the Securities Industry and Financial Markets Association and Financial Planning Coalition, which consists of the Certified Planner Board of Standards, the Financial Planning Association and the National Association of Personal Financial Advisors-finally sent in their comment letters to the Securities and Exchange Commission regarding Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, on a blanket fiduciary standard for all financial advisers.

State Street Corp., known for its passive asset management, may soon expand its small active management business.

Vanguard has launched eight index mutual funds and nine exchange-traded funds based on Standard & Poor's domestic stock benchmarks.

The president and CEO of Financial Network in El Segundo, Calif., discusses his 22 years in the industry.

Provident Bank's wealth management group is betting that wealthy people are fed up with being nickel-and-dimed by their banks.

Allianz Alternative Asset Management has offered fund of hedge funds since 1981. The company’s funds are expected to compliment Nexar’s fund of hedge funds group, which is primarily located in New York.

Invesco PowerShares has launched four specialized ETFs, one on REITs, based on exclusive rights to indexes from Keefe Bruyette & Woods.

Kenneth I. Starr pleads guilty to three counts; 20 additional counts and SEC charges still loom.

The Securities and Exchange Commission Friday approved the expansion of its post-Flash Crash circuit breaker program to include all stocks in the Russell 1000 Index and a test group of exchange-traded funds.

Though the creation of a consumer protection bureau got much of the attention, the Dodd-Frank Act also created an Office of Financial Research with an ambitious mandate.

Last week's move adding retail banking and asset management to the list of areas overseen by Bill Demchak cemented his status as heir apparent to PNC chief James Rohr.

The Securities and Exchange Commission Friday approved the expansion of its post-Flash Crash circuit breaker program to include all stocks in the Russell 1000 Index and a test group of exchange-traded funds.

Financial adviser to the stars Kenneth I. Starr, Starr & Co. pled guilty before the U.S. District Court for the Southern District of New York Friday to ripping off $50 million from A-listers including Wesley Snipes, Sylvester Stallone, Uma Thurman, Nora Ephron and Al Pacino.

Invesco PowerShares has contracted for exclusive rights to four Keefe Bruyette & Woods indexes to offer specialized exchange-traded funds in real estate, financial services and property and casualty insurance.

While fees and transparency are still topics of concern for institutional investors, a new study claims that there has been shift in uneasiness toward the alternatives vehicle, with many enlisting some of their trust back into hedge funds.

The Financial Industry Regulatory Authority wants broker-dealers to be a lot more specific on the reasons for dismissing an employee in their reports to the regulator.

The firm is the latest in a string of high-profile financial services firms to adopt the term, all in an effort to take excellent care of their customers and distinguish themselves from competitors.

Old Mutual Asset Management CEO Tom Turpin has decided to leave the Boston-based money manager to pursue other opportunities, according to a Friday announcement.

Douglas Lee Campbell, a former senior vice president and marketer in Bank of America’s municipal derivatives group, pleaded guilty Thursday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contract and other municipal finance agreements.

A recent study indicates the housing crisis has worsened an already-precarious financial condition.