Barlow Research’s Economic Pulse study found 43% of small business owners do not intend to retire and those who do said they plan to work, on average, until they’re 67 years old.
On the same day that FocusShares announced its exit from the exchange-traded fund business, Russell Investments announced today that it is “conducting a strategic review of its direct U.S. ETF business in an effort to focus more exclusively on its core competency.”
A former UBS AG municipal-bond executive told an ex-colleague to forget about a transaction as they discussed how to handle an expanding government probe of bond big rigging, the second man testified at trial.
Sandy Weill’s call to break up the big banks by restoring the Depression Era law has sparked a backlash among some who argue it would not help prevent the next crisis.
Canadian Imperial Bank of Commerce has agreed to buy MFS McLean Budden’s private-wealth business.
FINRA has fined Wedbush Securities $300,000 and levied an additional $25,000 fine and suspension for its president, Edward Wedbush.
Portfolio managers from Huntington Asset Advisors’ US Equity Rotation Strategy ETF discuss their top picks in IT and health care.
Schwab Advisor Services has expanded its “Insight to Action” practice management consulting program for registered investment advisors.
Online asset management company Covestor has added alternative asset managers to its website.
Merrill Lynch Wealth Advisor Ted Murphy does not usually tell his clients that he is an Olympic silver medalist, but says that his rowing career has prepared him for the discipline that he applies to his career today.
Stifel CEO Ron Kruszewski explains why Knight Capital’s survival was important following last week’s costly software malfunction.
Advisors contributed to the growth in Fidelity’s defined contribution sales commitments during the first half of 2012, bringing in more than 450 new clients with close to 100,000 participants and $2.6 billion in assets under administration.
The head of the House Financial Services Committee is renewing his call to act on legislation to increase oversight of investment advisors, a bipartisan bill that stalled in the committee last month.
Bank of America Merrill Lynch has grown its new financial benefit plan assets to a record $20 billion this year as it leverages stronger ties between its bank and brokerage forces.
Chairman Mary Schapiro said she is asking SEC staff to propose a rule that will require exchanges and market centers to ensure the capacity and integrity of the systems they operate.
As legal eagles-including regulators, cops and attorneys-continue to swoop down for the kill in the wake of the LIBOR debacle, asset managers still struggle to gauge the scandal’s impact on their investments.
The municipal bond market appeared to take a vacation day on Monday as trading activity was very slow. Traders are waiting for primary issuance to hit later in the week to provide direction.
Legg Mason’s 2012 Intergenerational Survey of College Finances points out a lack of advanced planning among affluent Americans for their children’s college education.
Monarch Bank in Chesapeake, Va., will launch a new wealth management unit as it looks to expand in Virginia.
Creative Management Group will apply its ProjectDouble program in effort to help advisors double their AUM.