New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
Race and gender diversity at financial firms has improved but has remained static for the past two years, a SIFMA report showed.
And the index has increased 12.75% year-to-date, marking the best performance for the first ten months of the year since 2003.
Fidelity Institutional Wealth Services' total client assets reached $325 billion, up 50% from last year.
The now-defunct hedge fund claims that JPMorgan Chase & Co. hindered its efforts to avoid collapse.
The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Level 3 assets, which include mortgage-backed securities, make up 6.9% of Goldman's assets under management.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Online investors who make most financial decisions without the help of an adviser are more active traders and take bigger risks than those who seek guidance, a new study found.
Competition and demand for the best asset managers are fueling a growth in subadvised funds, which are gathering assets faster than those managed internally.
