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Despite a jump from 2008 lows, Standard & Poor’s (S&P) 1500 companies saw little change in their pension plans funded status last year, a new study claims.

UBS Wealth Management Americas hired four advisors from Merrill with combined assets of $352 million. The new team will join the firm’s Jacksonville, Fla., office.

The Securities and Exchange Commission and the Financial Industry Regulatory Authority are warning investors to beware of stock scams that promise easy profits from cleanup efforts related to the catastrophic BP oil spill in the Gulf of Mexico.

CIT Group Inc. is rounding out its executive suite, taking another step toward normality for the financing company and potentially earning regulators' approval for John Thain's planned shift toward a banking model.

When bankers first started pushing for the concept of the financial supermarket 30 years ago, they lacked the regulatory permission and the technological know-how to succeed. Then, in the 1990s, the mutual fund industry followed suit with web-based, full-service fund supermarkets.

Selling covered put and call options can substantially boost your returns in an unstable market.

Insitutional broker-dealer M.S. Howell has opened an RIA division, as all eyes focus on the ability of smaller firms to survive.

In an effort to expand operations in Latin America, Morgan Stanley Private Wealth Management announced Monday it hired four executives to serve ultra wealthy individuals in Venezuela and Colombia.

The House on Friday voted 215 to 204 to approve legislation that would extend the Build America Bond program for two years, while gradually reducing the subsidy payments the federal government makes to BAB issuers.

Bernstein Research settlement will cost $1.05 a share

With the quest for new sources of earnings getting all the more urgent, banks are still looking for ways to squeeze more business out of every customer they can.

The battle over the final regulatory reform will just be a prologue to the longer and much more complicated fight over how the legislation will be implemented.

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CHAPEL HILL, N.C.—Banks expect hybrid annuities that include 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, said Scott Stathis, Kehrer-LIMRA’s chief operating officer and managing director, speaking at the company’s Annuity Product Management Roundtable here.

In their attempts to mend the “rattled” investor trust in the alternative space, funds-of-funds managers are planning to utilize transparency and examine their fee structures moving forward, a new study claims.

BALTIMORE—The uncertainty and confusion around the fiduciary standard has jolted the financial services industry leading hundreds to pack the rooms at FINRA’s annual conference in Baltimore.

The Internal Revenue Service has begun mailing out questionnaires to 401(k) plan sponsors to assess compliance with retirement plan regulations.

NICSA Taps Woodall As New Chairman

BOSTON -- Money Management Executive Publisher Michael Stanton presented the 2010 Fund Operations Awards on May 20 at NICSA's General Membership Meeting at the Downtown Harvard Club here.

The volatility in the S&P 500 Index over the past few weeks serves as a reminder of the importance of reviewing portfolio holdings on a regular basis because, as we have just seen, the fundamentals are fluid. Closely monitoring equity holdings is key to ensuring a portfolio continues to meet an investor's goals and tolerance for risk.