BOSTON — Fidelity Investments and American Funds lagged behind The Vanguard Group Inc. in stock and bond mutual fund sales for this year through May as investor appetite for low-cost index and exchange traded funds increased.
A long-running trademark battle is threatening to derail the expansion of the CFA Institute in what has become one of the fastest-growing markets for financial planning professionals.
Robert Lyon, former CEO and CIO of Institutional Capital Corp., died earlier this week at the age of 57.
Old Mutual of London is planning to significantly expand its asset-management division in the U.S., according to MarketWatch.
Investors Capital Holdings posted a record $80 million in revenue the fiscal year ended March 31, for an increase of 17.72% over the 2006 fiscal year.
An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.
Braddock Financial will liquidate its $300 million hedge fund due to investor fears of subprime mortgage exposure.
UBS picked deputy group CEO Marcel Rohner to helm the company, replacing Peter A. Wuffli.
The FBI is analyzing death threats against Goldman Sachs, according to published reports.
Wedbush Morgan may land 100-plus reps from Brookstreet now that the son's founder has signed on with the firm.
