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But several positive indicators point to a pickup in deals in 2010.

AllianceBernstein has pledged up to $500,000 to aid victims of the earthquake in Haiti.

ProFunds has launched two exchange-traded funds that will leverage U.S. Treasuries, the ProShares Ultra 20+ Year Treasury and ProShares Ultra 7-10 Year Treasury funds.

Barclays is planning to triple its number of advisors in Atlanta.

Sixty-five percent of 160 socially responsible mutual funds from members of the Social Investment Forum outperformed their benchmarks in 2009, most by significant margins, the forum said.

The company's chairman and chief executive officer announced his retirement from the company Wednesday. He plans to step down in the spring.

The agreement with the Motley Fool has a clear financial advantage for the Garrett Network, which spends just $10,000 a year marketing its advice to financial advisors who might join the group.

Lower participation in employee-sponsored retirement plans is proving to be the challenge.

But advisor optimism for stronger performance has increased.

New executives at Barclays Wealth, Boston Company Asset Management, Brown Brothers Harriman, and more.

Investors Flee Cash in Droves

Long-term equity, bond and hybrid funds reaped $14.35 billion in the week ended Jan. 13, bringing the 44-week sales streak total to $441 billion, the Investment Company Institute said.

Firm hires Fed veteran for newly created position

Net interest margin expanded and the integration of National City Corp. continued smoothly, but PNC Financial Services Group Inc. did not get the same pop from fourth-quarter credit trends that other banks enjoyed.

Fifth Third Bancorp, KeyCorp and Comerica Inc. may not have closed the book on losses stemming from the financial crisis, but they certainly appear to have begun a new chapter.

Critics pan plan to limit growth and risk as vague and unworkable

The leading mutual fund brand in the nation is Vanguard and the leading distributor is Charles Schwab, 4,000 affluent and high-net-worth investors told Cogent Research in a recent survey. In both categories, Fidelity, which had previously held first place since Cogent started the research in 2006, was knocked to second.

Third-quarter annuity commissions rose 12.9% to $669.8 million from the previous quarter.

The company's chairman and chief executive officer plans to step down in the spring.

The Depository Trust and Clearing Corp. has enhanced its mutual fund services to include 529 college savings plan information in a streamlined manner for broker/dealers and other financial distributors. New functionality has been added to the transactional hub Fund/SERVE and to network account reconciliation.