Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
The net wealth of U.S. households declined by $1.7 trillion, in the first quarter of the year, the largest decrease since 2002.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
T. Rowe Price Group’s board of directors has approved a 15 million share increase in the company's stock buyback plan.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
The bond insurers are also facing downgrades from Moody's Investors Service.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when 58 deals were struck.
The joint venture expects to invest $50 million to $200 million per deal, covering a variety of hedge fund strategies.
The joint venture expects to invest $50 million to $200 million per deal, covering a variety of hedge fund strategies.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
