Fidelity Institutional Wealth Services' total client assets reached $325 billion, up 50% from last year.
The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Level 3 assets, which include mortgage-backed securities, make up 6.9% of Goldman's assets under management.
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.
A new website is creating a Facebook-type social networking site to help investors check up on their financial advisers.
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
A number of top independent-contractor broker-dealers have recently reached a variety of records and milestones, from best-ever revenue to increasing revenue from fees rather than commissions.
It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
Young companies with green technologies are cleaning up when it comes to venture capital dollars.
The subprime-mortgage fiasco has revealed several flaws in the financial system that must be corrected if similar disasters are to be avoided in the future.
The subprime-mortgage meltdown, which has triggered a larger meltdown throughout the credit markets, is the latest example of grand-scale faulty logic and short-term thinking.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
An increase in exports helped push the U.S. trade deficit for September down to $56.5 billion.
J. Andrew Kalbaugh is the new chief executive of Mutual Service Corp. of West Palm Beach, Fla.
Consumer confidence fell this month to the lowest level in more than two years, according to the RBC Cash Index.
Morgan Stanley CEO John J. Mack has identified Zoe Cruz, a co-president, as the leading candidate to succeed him.
The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.
