Invesco Ltd. is likely to keep intact most of the Morgan Stanley/Van Kampen operations <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091019/FREE/910199972/1022/ONLINENEWS >which it said last night that it will acquire for $1.5 billion</a> — although some changes to the $119 billion retail money management business it's buying are expected — Martin Flanagan, president and chief executive of Invesco, said in an interview with InvestmentNews.
The publicity surrounding the debacle of Anna Nicole Smith’s estate highlights the importance of careful estate planning, according to financial advisers, but the errors she made are quite common and are easily remedied.
Congress Asset Management Co. in Boston announced the acquisition of Prelude Asset Management LLC in a deal that creates a $6.4 billion money management shop.
SEC Chairman Mary Schapiro's comments on Thursday that all financial advisers who provide personalized advice should come under “meaningful” fiduciary standards has drawn heat from a group representing state securities regulators.
State securities regulators are pushing to get House support for legislation allowing states to have greater oversight over private-placement offerings.
A new technology center focused on financial planning was dedicated at the Texas Tech University College of Human Sciences.
Thirtysomething new-product developers, look out.
The former president of a small community bank has become the first person ever charged with trying to defraud the bailout program.
A former executive at UBS has agreed to pay nearly $2.8 million to settle civil insider trading allegations made by New York state regulators.
President Barack Obama is going to the heart of Wall Street on the first anniversary of Lehman Brothers' collapse to outline changes needed to prevent a future crisis like the one that sent the global economy into a tailspin last year.
