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Robert L. Reynolds, the company’s president and chief executive officer, said he thinks there are a range of opportunities for Putnam to develop products for Boomers “as they age and the need for lifetime income solutions becomes more evident.”

While coping with the flash crash and regulatory reform, the SEC's "new sheriff in town" paused for an interview Monday evening with CNBC's Maria Bartiromo.

Mutual fund investors preferred bonds, while gold set the standard for ETF inflows.

The Securities Industry and Financial Markets Association Monday said the creation of a system of monitoring overall risks to the nation's financial industry could take one of eight forms, each of which would be costly.

Senate Republicans have proposed an alternative bill to extend expiring tax-law provisions that would not include Build America Bonds, a major difference from pending legislation, which would extend the BAB program by two years while gradually reducing its subsidy rate to 30% from 35%.

Brendan McDonagh, the chief executive of HSBC North America Holdings Inc., is retiring July 31 after winning credit for turning around the global finance giant's operation in the U.S. and Canada, which was hobbled by a troubled consumer lending business it bought before the recession.

The merger of the Office of Thrift Supervision into the Office of the Comptroller of the Currency will eliminate some of the key benefits of choosing the charter, and leave a single agency trying to enforce two different sets of rules, observers said.

The Securities Industry and Financial Markets Association Monday said the creation of a system of monitoring overall risks to the nation's financial industry could take one of eight forms, each of which would be costly.

WSJ's June 15 "Fund Track" column picks up on the continuing price wars among ETF providers, Fidelity, Vanguard, iShares, Van Eck and Schwab, notwithstanding.

Chief executives are feeling optimistic about the U.S. economy over the next 12 months for the first time since the second quarter of 2007, with CEOs of private companies with international operations being slightly more optimistic than those that are only domestic.

CHAPEL HILL, N.C.--Banks expect hybrid annuities with long-term-care riders to be the next hot product on brokerage platforms, as soon as product providers ramp up their offerings in this area, a Kehrer-Limra executive said.

From June 1 to June 5, advisors affiliated with Royal Alliance came together for NEC 2010 in Orlando, FL. During this educational conference, advisors heard Royal Alliance executives and industry experts speak on a variety of topics from retirement and estate planning to practice management and technology. Attendees also took advantage of valuable networking opportunities with their peers.Below are photo highlights from the event.

A lot of wealth management firms are unprofitable so-called lifestyle practices, according to a report by Fiduciary Network.

The unit of Bank of America hired three executives from City National Bank to expand in California.

The San Francisco discount brokerage firm reported that its daily average client trades in May increased 14% from a year earlier and 17% from a month earlier.

A total of 102 funds of hedge funds closed in the first quarter, the seventh quarter in a row that fund liquidations exceeded new launches, according to Hedge Fund Research’s HFR Market Microstructure Industry Report.

MMI Names New Chair, Board Governors

More than 3,000 unwitting Canadians were fleeced of their retirement investments by four Canadians and two Florida men. The SEC's Denver office brought them in.

Survey results show some producers are using social media, but say it’s not generating new business.

Many Gulf Coast banks are in damage-control mode as they scramble to figure out how badly the oil spill could hurt their bottom lines.