Americans were making more and spending less in the month of September, according to two reports from the Department of Commerce.
Real gross domestic product out-performed economists’ expectations, rising 3.9% in the third quarter.
Pershing has added Calamos Asset Management to its FundVest no-transaction-fee mutual fund platform.
Citigroup Inc. will buy Carlton Hill Global Capital, a New York-based fixed-income money manager.
The St. Louis-based firm touts this plan as the lowest cost full service 401(k) plan available in the industry.
To serve RIAs, FundQuest has added Russell products to its managed accounts platform.
August home prices slumped for the eighth consecutive month and consumer confidence took a downward turn in September.
The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
RIA firms racked up $1.4 trillion in assets this year, compared to $950 billion in assets in 2005.
