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UBS Wealth Management Americas announced on Tuesday that it has recently recruited two, million-dollar teams from Morgan Stanley Smith Barney and Merrill Lynch.

A recent realignment of The Hartford Financial Services Group resulted in a new position for Jim Davey running the company’s mutual fund business.

Long-short investing lost a lot less money than equity investments, Credit Suisse says. But is it right for your clients?

While low interest rates have been a “boon” to corporate borrowers, the low-yield environment is likely to “exacerbate underfunded pension positions” for corporations in the near term, Fitch said in a new report.

The company hired eight advisors and two branch managers from Morgan Stanley Smith Barney.

On Wednesday Adhesion Wealth Advisor Solutions announced it improved its WealthADV technology platform to provide more ways for investment advisors to communicate with clients. The newest development: clients can now check their portfolios and performance reports with the iPad as well as most Mac and Microsoft Windows-based devices.

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring allowing them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

The Boston company said Tuesday it is introducing new Retirement Choices target-date portfolios, which are designed to take participants “to” retirement and accommodate the participant who wishes to select another investment strategy at the time of retirement.

The fourth annual College Savings Indicator study found that the percentage of college costs parents are projected to meet is only 16%, down from 18% last year, and 24% in 2007, the first year of Fidelity’s survey. However, those who work with an advisor are projected to meet 28% of college costs, down from 34% last year.

Initiative is first stage in the organization’s Lifelong Financial Strategies drive.

The New York-based company has hired a million dollar Wells Fargo team of advisors.

Couples can afford to self-insure if they have enough money to run two households.

Hedge funds finally make it back into the black, returning 0.35% year to date in July, Morningstar says.

Wyser-Pratte Management, a New York-based fund manager and corporate raider, claims Broadridge Financial Solutions and French media giant Lagardere may have lost shares voted in favor of its proposals during an April proxy contest.

One of the Obama administration’s priorities is to get Congress to extend the Build America Bond program and federal officials are convinced BABs will remain a “vibrant market” even if the federal subsidy rate is reduced from its current 35% level, a Treasury Department official said ­Monday.

The Toronot company launched a fund that can invest in junk bonds.

The Delaware company has tapped 25-year financial services veteran Carol Baldwin Moody to lead “the direction and execution of all aspects of risk management,” the firm said Monday.

In the Senate for decades, Banking Committee Chairman Chris Dodd found passing regulatory reform to be one of his toughest challenges. In an extensive interview, he relives key moments, responds to criticism of the bill, and reflects on his own disappointments with the final law.

As part of an ongoing spate of new hires over the past few months, Bank of America's U.S. Trust unit added eight wealth management executives to its team on Friday.

Indicators suggested bank-based advisors’ revenue would slip in June, but average production went up.