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.
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.
The hedge fund, its adviser, founder and two employees will pay a combined $40 million for an illegal late-trading scheme.
The Securities Industry and Financial Markets Association has endorsed President George W. Bush 2009 budget proposal.
The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.
One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
