Dictation software frees advisers from the mouse. The MMI and Peridrome predict savings to the managed accounts industry.
In an arbitration case allegedly involving stolen stock, Wachovia Securities was ordered to pay clients $5.3 million in damages.
Second quarter data was not as strong as the 2.5% rate that had been predicted by economists polled by Thomson Reuters.
Indexes apply environmental, social and governance performance factors to a U.S. fixed-income asset class.
The nation's largest brokerage firm will buy securities held by 30,000 clients.
After posting an 11.25% drop in June, real estate investment trusts rebounded in July, rising 2.8% for the month, NAREIT and FTSE Group reported today.
The Vanguard Group reopened the Vanguard Explorer Fund and the Vanguard Health Care Fund to new shareholders.
Jim Pallotta, a fund manager at Tudor Investment Corp., will start his own investment firm in 2009.
The Securities and Exchange Commission has announced a “preliminary settlement” with Citigroup.
