Defined contribution record-kept assets at Fidelity Investments grew 8% last year.
RBC Dain Rauscher will acquire Ferris Baker Watts Inc., a broker-dealer in Washington.
The rate of growth in European economies slipped in the fourth quarter, according to the European Union Statistics Office of Luxembourg.
DTCC has trimmed fees for mutual fund and insurance transactions.
Earl E. McEvoy, an asset manager for three of The Vanguard Group’s mutual funds, will retire on June 30.
UBS reports a record $11.3 billion fourth quarter loss.
Capital gains payouts in 2007 rose for the fourth straight year, said head Morningstar analyst Russel Kinnel.
Credit Suisse, Marsh & McLennan and Evercore reported negative returns in the fourth quarter, while Stifel saw a 92% increase.
Hedge funds in January had their worst performing month in more than five years, according Greenwich Alternative Investments.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
