CHICAGO — Data gathered by Boston-based research firm Cerulli Associates Inc. confirm what most observers have long suspected: Fidelity Investments is the nation’s individual-retirement-account powerhouse.
BOSTON — A San Francisco-based company that says it can help mutual funds cut costs and boost returns through better management of investor cash flows has won its biggest-name client yet — OppenheimerFunds Inc. of New York, the eighth-largest U.S. fund group.
NEW YORK — Recent changes in management at independent-contractor broker-dealer National Planning Corp. and National Planning Holdings Inc., its broker-dealer network, have some of its affiliated advisers concerned, while others accept the changes as part of the business.
Bear Stearns will chip in up to $3.2 billion to help one of its struggling hedge funds
Hedge fund and private-equity fund managers would pay higher taxes under a bill introduced today.
Hedge fund Ritchie Capital has filed for bankruptcy for two of its life insurance units that lost $700 million in policies.
Scott Brooks has jumped from Brookstreet to Wedbush Morgan and has asked Brookstreet's reps to join him.
State Street Global Advisors said that its SPDR Standard & Poor's BRIC 40 ETF will begin trading on the American Stock Exchange today.
The Online 401(k) announced today it is partnering with Expedition Payroll, which will allow the company to offer its clients more comprehensive payroll systems.
H & R Block’s continuing struggles in its mortgage lending unit put a drag on fourth-quarter earnings.
