Dictation software frees advisers from the mouse. The MMI and Peridrome predict savings to the managed accounts industry.
Second quarter data was not as strong as the 2.5% rate that had been predicted by economists polled by Thomson Reuters.
In an arbitration case allegedly involving stolen stock, Wachovia Securities was ordered to pay clients $5.3 million in damages.
Twelve finalists for the second annual Community Leadership Awards have been named.
Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
The Vanguard Group reopened the Vanguard Explorer Fund and the Vanguard Health Care Fund to new shareholders.
In response to the credit crisis, a group of financial industry executives unveiled a plan today to improve risk management.
After posting an 11.25% drop in June, real estate investment trusts rebounded in July, rising 2.8% for the month, NAREIT and FTSE Group reported today.
Janus Capital Management LLC will begin sending out checks to investors Aug. 15 as restitution from its 2004 market-timing settlement.
