Fidelity Investments today said total client assets at its Fidelity Brokerage Co. unit reached a record $1.77 trillion in the first quarter, up 19% from a year earlier.
Claymore Securities Inc. of Lisle, Ill., today announced the launch of two new exchange traded funds: the Claymore/Clear Mid-Cap Growth Index ETF, and the Claymore/IndexIQ Small-Cap Value ETF.
The number of federal securities litigation class actions hit a record low of 106 cases last year compared to 169 in 2005, although settlement values remained high, according to a PricewaterhouseCoopers study released today.
State Street Global Advisors of Boston today announced the launch of two new international exchange traded funds: the SPDR S&P International Small Cap ETF and the SPDR S&P World-ex-US ETF.
Jefferies & Company Inc. today announced the appointment of Edward J. Craig as managing director and head of U.S. Cash Equities Trading.
The Vanguard Group Inc. today said it plans to simplify its account fees, and will also offer ways for investors to avoid them entirely.
Charles Schwab Corp. today announced no-fee checking accounts from Charles Schwab Bank, with an annual percentage yield of 4.25%.
Janus Capital Group Inc. today announced its profits rose 1% and its revenues increased 7% in the first quarter.
Franklin Resources Inc.’s second-quarter profits more than doubled due to more inflow into its funds and higher earnings from its investments, the San Mateo, Calif.-based asset manager announced today.
Asset management firm Affiliated Managers Group Inc. said today that asset inflows and better performance from its funds lifted first-quarter profit by 4%.
