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In 2009, mid-cap ETFs had the largest gain.

Two million-dollar plus teams from UBS have made the leap.

Societe Generale’s U.S. savings and investment retirement plan has selected Putnam Investments to manage its $220 million defined contribution plan.

The repeal of the tax has set up an interesting social experiment.

The hiring is an effort to build Ladenburg’s broker-dealer arm.

FundQuest has selected Managed Portfolio Advisors as the overlay manager for its customizable unified managed account program.

Fidelity Investments’ venture capital unit has broken off from the fund giant to form an independent firm called Volition Capital. It will continue to manage its previous portfolio of 20 U.S. companies. Going forward, it will invest primarily in high-potential, founder-owned technology companies.

Seven groups representing state securities regulators, investors, and investment advisers are urging leaders of the Senate Banking Committee not to water down language in its draft financial regulatory reform legislation that would require every individual that provides investment advice to be held to a fiduciary duty under the Investment Advisers Act of 1940.

Sector shows strength as Treasuries spike

With an increasing number of fund companies offering actively managed exchange-traded funds, including John Hancock, T. Rowe Price and PIMCO, this could be the new hot mutual fund category, some executives told Seeking Alpha.

WL Ross & Co. has reportedly ended negotiations with American International Group, New York, to buy its mortgage insurance division, United Guaranty, Greensboro, N.C., according to industry sources.

N.Y. attorney general requests data on compensation practices at eight banks that received Tarp funds

For many years, community banks have seen their political influence and interests generally take a back seat to their larger competitors, but 2009 was the year that changed.

Terri Dial's resignation as head of North American consumer banking at Citigroup Inc. answered long-simmering questions about how much longer she would last at the beleaguered company.

Tax-time loans, already an embattled product, now face even more regulatory scrutiny — and not just from the traditional banking agencies.

A bank spokesman said the SEC did not find that any specific individual had intentionally misguided investors. So the new charges, if approved by U.S. District Court Judge Rakoff, will be for negligence instead of fraud, the spokesman said.

Investors contributed $1.1 billion to the Fidelity Charitable Gift Fund in 2009, a 4.7% increase from the $1.05 billion they gave in 2008.

With an increasing number of fund companies offering actively managed exchange-traded funds, including John Hancock, T. Rowe Price and PIMCO, this could be the new hot mutual fund category, some executives told Seeking Alpha.

Renowned economist and author Nouriel Roubini said little to cheer advisors at today’s Investment Management Consultants Association conference in New York, predicting an anemic U-shaped economic recovery in the U.S.

Independent firms will help shape the mergers and acquisitions scene in the asset management industry in 2010, according to investment bank Jefferies & Co.