Citigroup Inc. will buy Carlton Hill Global Capital, a New York-based fixed-income money manager.
To serve RIAs, FundQuest has added Russell products to its managed accounts platform.
August home prices slumped for the eighth consecutive month and consumer confidence took a downward turn in September.
The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
RIA firms racked up $1.4 trillion in assets this year, compared to $950 billion in assets in 2005.
Americans are in denial about their finances. Federal data show that they spend like there's no tomorrow. Our middle class is among the most affluent in history, but many live paycheck to paycheck, their futures mortgaged to fund their increasingly expensive amusements.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
Age-based mutual funds appear to have firmly cemented a commanding position as the investment option of choice in Section 529 college savings plans, according to industry executives at the annual 529 Technical Conference in Las Vegas last week.
The North American Securities Administrators Association Inc. and the Public Investors Arbitration Bar Association want to remove industry arbitrators from securities arbitration panels, arguing that the presence of industry representatives makes the panels inherently unfair.
After 11 years as an emergency room physician, Carolyn McClanahan saw her career change course.
It would seem that after the latest sell-off, financial services stocks would be a screaming "buy" for most investors.
As November approaches, and 2007 comes to a close, investors are taking stock of their realized and unrealized gains and losses for the year.
Ladenburg Thalmann Financial Services Inc.'s acquisition last week of Investacorp Inc., could position the latter to be more active in recruiting representatives and financial advisers, as well as potentially buying smaller firms.
John Hancock Annuities is making a run for old and young retirees with a new annuity rider.
When the Federal Reserve Board cut the discount and federal funds rates by 0.5 percentage points Sept. 18, some critics charged that Fed Chairman Ben Bernanke and his colleagues had acted too quickly.
Merrill board irked by CEO E. Stanley O'Neal's unauthorized outreach, The New York Times reports.
After his business fell apart, Ed May asked a former client to put money into a new set of investments.
Senior official says SEC has formed a working group to look into “rampant” insider trading among Street pros.
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
