The largest B-D network will fold American General Securities of Houston into AIG Financial Advisors of Phoenix.
London's Henderson Global Investors will launch a $1 billion fund focused on Asian real estate, according to a Financial Times report.
Blackstone has slammed a story saying the private equity giant is using a loophole to get millions back in taxes.
The Robin Hood Foundation is under scrutiny by Congress for investing charitable money into its donors’ and members’ hedge funds, Bloomberg reported.
An ex-COO is suing the company, saying he was unfairly compensated in the wake of a bid-rigging scandal.
Registered investment advisers are the fastest-growing distribution channel for mutual-fund-based small-business 401(k)s. Starting from a small base, they are adding assets at the rate of about 14% a year, according to Boston-based Financial Research Corp.
Jon A. Boscia’s retirement announcement this month has nothing to do with the company’s merger prospects or its financial performance, according to the chief executive and chairman of Lincoln Financial Group.
Talks about the proposed merger between two Toronto-based securities industry self-regulating organizations are hiccupping along.
An upsurge in mergers-and-acquisitions activity in the investment management industry is leading some market insiders to speculate that deals involving some well-known companies may be in the works.
Some brokerage firms are miffed about higher registration fees that Florida implemented this month, and blame the Securities Industry and Financial Markets Association for not doing enough to stop the increases.
