Move expected to occur during the second quarter, and will affect approximately 50,000 client accounts.
In its second big purchase in a month, the firm dramatically boosts its profile in Europe.
The Bank of New York Mellon Corp. said it is acquiring the global investment-servicing business of The PNC Financial Services Group Inc.
Germany's biggest lender said record pretax profit at its corporate and investment bank unit along with improved revenues from selling and trading debt and equities, lifted its first-quarter results higher
An old stock market “saw” states, “Sell in May and go away,” emphasizing that the worst part of the year for stock performance is the months between May and November.
After rolling out with great fanfare its HybridOne brand for dually registered advisers in June 2008, Fidelity Institutional Wealth Services quietly has stopped marketing its service as a distinct offering.
After 53 years with Citigroup, the senior vice chairman steps down from his position to serve the company as a senior adviser.
Under pressure from financial advisers who want to act as fiduciaries in 401(k) plans, Fidelity Investments plans to institute level 12(b)-1 mutual fund fees paid to advisers who sell the firm's plans.
Post-recession, the numbers of millionaires climbed to nearly 8 million. That still trails the all-time high of 9.2 million reached in 2007
I am in the same camp as Federal Reserve Chairman Ben Bernanke. I know that the economic recovery is in full swing, because I've confirmed it with Mike, a deli owner around the corner from my office, John, a neighborhood restaurateur, Ammar, my cigar shop proprietor, and Gus, my family's shoe repairman.
If you can stomach a bit of initial volatility, now is a good time to start building a long-term allocation to gold.
Managers of target date funds are adding commodities to their portfolio mixes, but experts wonder whether the moves are substantive or just window dressing.
Only about a quarter of respondents said they “strongly agree” or “agree” that the recession is over, and another quarter said the U.S. will remain in a prolonged economic downturn for the next two years
Fidelity Investments and Bank of America reported this week that conversions were way up over last year, while advisers at smaller outfits are also seeing an uptick in interest in Roth accounts
Alternative minimum tax your friend? Maybe -- at least when it comes to locking in lower tax rates when converting to a Roth individual retirement account
Although they have spent much of the year cutting costs, many advisory firms are planning to give raises to their employees next year.
The commission claims Goldman failed to disclose that a client helped create — and then bet against — securities the firm sold to investors
Bloomberg's Susan Antilla offers her opinion on just how much (or little) progress women have made in the financial services industry over the last two decades
