New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
Fidelity Institutional Wealth Services' total client assets reached $325 billion, up 50% from last year.
The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Level 3 assets, which include mortgage-backed securities, make up 6.9% of Goldman's assets under management.
Online investors who make most financial decisions without the help of an adviser are more active traders and take bigger risks than those who seek guidance, a new study found.
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
A new website is creating a Facebook-type social networking site to help investors check up on their financial advisers.
A number of top independent-contractor broker-dealers have recently reached a variety of records and milestones, from best-ever revenue to increasing revenue from fees rather than commissions.
Young companies with green technologies are cleaning up when it comes to venture capital dollars.
It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
Morgan Stanley CEO John J. Mack has identified Zoe Cruz, a co-president, as the leading candidate to succeed him.
J. Andrew Kalbaugh is the new chief executive of Mutual Service Corp. of West Palm Beach, Fla.
An increase in exports helped push the U.S. trade deficit for September down to $56.5 billion.
Consumer confidence fell this month to the lowest level in more than two years, according to the RBC Cash Index.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.
The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
