Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
As demand for advisers increases, firms need to project recruitment strategies out to 2012, said Rebecca Pomering of Moss Adams.
Productivity rose 1.8% over the final quarter of 2007, a significant drop from the 6% increase achieved in the third quarter.
Confidence among investors with more than $500,000 in investible assets tumbled to an all-time low in January.
Most participants did not believe that the process was fair to all parties and were not satisfied with the outcome.
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
The two firms are paying out almost $850,000 to settle cases involving clients burned by Gregory Horton.
Passive management for target date funds means stronger results for investors, according to a study.
The Securities Industry and Financial Markets Association has endorsed President George W. Bush 2009 budget proposal.
The hedge fund, its adviser, founder and two employees will pay a combined $40 million for an illegal late-trading scheme.
