RBC Dain Rauscher will acquire Ferris Baker Watts Inc., a broker-dealer in Washington.
Morningstar has expanded its ratings coverage to hedge funds.
UBS reports a record $11.3 billion fourth quarter loss.
The rate of growth in European economies slipped in the fourth quarter, according to the European Union Statistics Office of Luxembourg.
Defined contribution record-kept assets at Fidelity Investments grew 8% last year.
DTCC has trimmed fees for mutual fund and insurance transactions.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Capital gains payouts in 2007 rose for the fourth straight year, said head Morningstar analyst Russel Kinnel.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Credit Suisse, Marsh & McLennan and Evercore reported negative returns in the fourth quarter, while Stifel saw a 92% increase.
