Jesper Koll, an economist for Merrill Lynch based in Japan, has resigned from his post, published reports said.
Bear Stearns has joined with a group of Saudi Arabian executives to provide investment products that comply with Islamic law.
An association has been formed to educate and advocate about issues relevant to 401(k) independent record keepers.
Wealthy investors who use registered investment advisers are only indexing 3.8% of their marketable securities.
Highbridge Capital Management has hired former Goldman Sachs investment banking co-head Scott Kapnick top launch a new private equity business.
Great-West Life bought Boston-based Putnam Investments to obtain "instant recognition" in the U.S. market.
A retirement savings plan that covers more than 3.7 million federal workers may take a page from an increasing number of corporate 401(k) plan sponsors and institute automatic enrollment.
The fear of mergers-and-acquisition agreements’ going sour increasingly is being eased by insurance, according to industry experts.
Bracing for change, registered representatives at A.G. Edwards & Sons Inc. last week met the news that they are being acquired by Wachovia Corp. with a range of opinions.
Faced with intense competition for financial advisers and growing transition costs, an increasing number of independent-contractor broker-dealers over the past year have boosted the amount of money they give to representatives and advisers to switch firms.
