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Wealth management veteran, Lawrence E. Gore, joined Wilmington Trust as the newest managing director and senior private client advisor for the company’s wealth advisory services business in the Northeast. He will work out of the firm’s New York office.

In an effort to develop its wealth management arm, Toronto insurance giant Sun Life Financial Inc. announced Thursday it is established a proprietary mutual fund company in Canada.

FINRA said it would continue to bar individuals who engage in deceit and theft.

The UBS executive is named to chair a CFP Board council, changes at Citi Private Bank, and more.

A Heisman Trophy winner and former vice chairman of Citigroup Private Bank, has been named to Wilmington’s advisory board.

The fund family, which will include a proprietary family of Canadian funds, is an effort to bring the investment capabilities of MFS Investment Management, Sun Life’s Boston-based asset management arm, to Canadian retail investors.

GE Funding Capital Market Services Inc., a subsidiary of General Electric Capital Corp., does not agree with the Securities and Exchange Commission’s plans to file charges against it in connection with an industry-wide investigation of guaranteed investment contracts and derivatives, but is discussing the matter, including a “potential resolution,” with SEC staff.

Congress should repeal the SEC's 1992 blanket exemption for asset-backed pools and re-examine the appropriateness of the $5 million-$25 million tests in the 1996 exemption.

AIG and Prudential are in talks to revise the composition of the AIA Group Ltd. deal—cutting the $25 billion cash component of the deal by $2 billion.

Far from serving as the fall guy for the financial crisis, the central bank will emerge with its existing powers intact and enhanced authority over systemically risky companies if the current Senate bill becomes law.

TD Ameritrade released a survey last week looking into how Americans define financial success. More than a third of the respondents (39%) said they define it by being debt-free. Another 29% said that financial success is being able to save money and pay for long-term goals like education and retirement.

As markets continued to rise in April, assets held in exchange-traded funds increased for the third consecutive month.

Last year saw the launch of a record 12 new non-traded real-estate investment trusts, according to analysis by Blue Vault Partners, an Atlanta research firm that specializes in this sector.

In a move to grow its business to the ultra-high-net-worth set over the next few years, Citi Private Bank has appointed Daniel J. Williams and Steven A. Gold to its private banking ranks.

The panel ruled in favor of Mesirow, but panel chairman Richard Belmonte wrote a one-sentence dissenting opinion, in which he said the award “is grossly contrary to the manifest weight of the evidence and the applicable Illinois law.”

According to monthly data assets held in U.S. exchange-traded funds rose 2.9% from a month earlier to $830 billion.

Non-traded real-estate investment trusts found favor last year with investors looking for dividend income without stock market volatility.

The company hired Daniel J. Williams and Steven A. Gold to add to its ranks on both coasts.

Elena Kagan urged the high court to reject an endorsement of the Gartenberg standard.

Vanguard Chairman Emeritus Jack Brennan will represent mutual funds on joint committee.