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The AARP Financial mutual funds will cease to exist as of Oct. 1, less than three years after launching the funds to much fanfare.

Custodians are in a horserace to provide services to breakaways.

A new survey finds a growing number of Americans harbor doubts about the government program.

RBC Wealth Management recruited Kevin Williams to serve as a senior vice president and branch director of its Richmond office.

Morgan Stanley surpassed analysts’ expectations when it reported its second quarter results on Wednesday, but its chief executive officer warned it expects a rough road ahead.

Advisors pass through London monthly, so expansion opportunities are vast.

The Chicago-based company reported a profit of $199.6 million, or 82 cents a share, down 36% from a year earlier. Revenue declined 7% to $973.8 million. The results beat analysts' estimates by eight cents, according to Thomson Reuters.

Rising tuition fees and the uncertain state of the economy are causing more people to put their own retirement savings ahead of their children’s college education.

George Friedlander has rejoined Citigroup as head of municipal strategy.

The Securities and Exchange Commission is considering holding five field hearings between September and January as part of a nationwide inquiry on the municipal market that is expected to lead to recommendations for statutory and regulatory changes to better protect investors.

New authority granted to the Federal Reserve by the Dodd-Frank Act embodies a significant change in the thinking about, and approach to, functional oversight.

TD Ameritrade Holding Corp. announced that profits increased 5% to $179.4 million, or 30 center per share, as trading volume increased.

As it continues to recover from TARP-related charges and securities losses, Bank of New York Mellon Corp. reported Tuesday that its quarterly results nearly quadrupled from a year earlier.

State Street Corp. followed serve Tuesday as custodial banks used the second quarter to bounce back from a year-earlier loss to post a profit.

The board of directors of LL Global, the parent of trade groups LIMRA and LOMA, announced that President and CEO Robert Kerzner would retain that position for another five years.

Fewer of the wealthiest are giving more and small family foundations are giving more than required.

Two new Standard & Poor’s indexes tracking municipal bonds launched yesterday, paving the way for Vanguard to enter the municipal exchange-traded fund business.

Not-So-Fab: Fabrice Tourre, the Goldman Sachs bond trader at the center of the government's fraud probe against the firm, denied charges that he misled investors.

Both will report to Andy Saperstein, MSSB's head of wealth management in the United States.

The company saw assets under management increase 19% from a year earlier to $1.047 trillion, but fell 5.2% from the previous quarter because of stock market declines. Fee revenue rose 1.8% to $2.56 billion.