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Exchange-traded funds, once the province only of institutional investors, are increasingly resonating with wealthy investors, The Wall Street Journal reports.

Fidelity expects 401(k) assets to increase as more employers auto-enroll employees into 401(k) plans and utilize features that allow 401(k) contributions to be automatically increased annually.

American Funds has sold $187 million, or 99% of its original $190 million, holdings via three mutual funds in PetroChina shares, a company Investors Against Genocide has railed against for funding genocide in the Darfur region of Sudan. The latest SEC filings show the fund company’s holdings as of Dec. 31 at a mere $2.7 million.

Firms need to beef up customer service staffing and most of them are woefully unprepared for these changes.

FINRA expands Broker Check service to provide more information on former brokers.

A look at Cantor Fitzgerald's new investment advisory business, and new executives at Citigroup and The Hartford.

Cambridge Investment Research’s 1,600 financial advisors are independent contractors who run their own businesses nationally, but legislation introduced in both the House and Senate has threatened that model.

A Virginia doctor has pleaded guilty to conspiracy involving an undeclared Swiss bank account reportedly at HSBC, indicating that investigators are widening their probe of secret Swiss bank accounts beyond UBS.

Transamerica Life Insurance Co. has enhanced the guaranteed minimum withdrawal benefit schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 annuity riders. Each rider now pays one percentage more a year.

Investment managers are cautiously optimistic about stocks in the coming year but more guarded about bonds, Towers Watson found in a survey of 98 managers with $13.3 trillion of assets under management. They foresee economic growth, albeit modestly.

Christopher Swift had been the vice chairman and chief financial officer at American International Group's American Life Insurance Co.

Donofrio will continue to work with Saggurti and Rubinoff, who will lead global investment banking

Many banks still suffer from chronic underinvestment in the analytical tools required for measuring risk, while others are still figuring out how to translate data into key decisions used in everything from the loan-approval process to executive pay practices.

WASHINGTON — Though regulatory reform has stolen center stage on Capitol Hill, the Obama administration remains intent on wiping out the Federal Family Education Loan Program, and its demise appears to be just a matter of time.

Investment managers around the world are cautiously optimistic about stocks in the coming year but more guarded about bonds, Towers Watson found in a survey of 98 managers with $13.3 trillion of assets under management. They foresee economic growth, albeit modestly.

When Mary Schapiro took office as chairman of the Securities and Exchange Commission last year, she faced a myriad of issues related to the financial crisis—and outlined a series of new regulations that, so far, have come up short, The Washington Post reports.

Transamerica Life Insurance Co. has enhanced the guaranteed minimum withdrawal benefit schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 annuity riders. Each rider now pays one percentage more a year.

BlackRock isn’t satisfied with its December 2009 acquisition of Barclays Global Investors, according to a Daily Mail of London report. Now the $2.7 trillion investment giant is considering buying hedge fund manager of managers Man Group.

Charles Schwab is attracting a slew of new assets, and daily average trades are rising. New and established clients brought the company $6 billion of net new assets in January, according to its monthly market activity report. Total client assets rose 27% from a year earlier, to $1.401 trillion, but were down 2% from December because of difficult market conditions.

Tom O’Halloran, manager of the Lord Abbett Developing Growth Fund, a small-cap fund that has increased 43% over the past year and 5.5% over the past decade—putting it in the top 3% of its peers, believes technology stocks will lead a continued market rebound.