Brinker Capital Inc. has surpassed the $10 billion mark in assets under management.
Apollo Management LP is launching a commodities business to be headed by former Morgan Stanley executive Neal Shear.
BlackRock Inc. has hired Craig Phillips to head its financial markets advisory group, a unit of BlackRock Solutions.
Concentrating on its existing 11,100 advisers is LPL's first priority, said executive William Dwyer III.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
The Boston-based money manager posted net income of $53.2 million, or 43 cents per share.
The Securities and Exchange Commission is investigating Franklin Bank after an internal probe revealed accounting errors tied to residential real estate loans.
State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.
Despite the economic downturn, demand for small-business 401(k) plans remains strong, according to ShareBuilder Advisors.
