Bernard Madoff began to face the music today.
A BNY Mellon unit bought two firms: one focused on domestic Australian equities and the other on emerging markets equities and global fixed income.
Mutual fund companies are be-ginning to churn out products that focus on delivering absolute, rather than relative, returns.
Client interest in establishing spendthrift trusts for beneficiaries is picking up steam, partly due to the fact that wealthy clients are becoming more risk-averse, according to financial advisers.
States that have Section 529 college savings plans and the financial services companies that manage them are working overtime to make sure that advisers — who account for about 80% of their sales — remain interested in the product during the recession.
Led by the Social Investment Forum, more than 50 organizations are calling on President Obama to establish an Office of Innovation in Corporate Responsibility within the White House.
The rising volatility of oil prices, coupled with the economic downturn, is providing something of a boost to railroad stocks.
Investors expect mutual fund boards to fight for lower fees, but in this market environment, that is unlikely to happen.
Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
