The Bank of America report identifies 12 donor types and how they go about giving away their money.
The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.
Schwab Charitable Fund has reduced the minimum donation to open a charitable gift account from $10,000 to $5,000.
Merrill's new CEO will receive 46,304 shares of restricted stock that will vest over the next three years.
The Spectrem Millionaire Investor Index fell 11 points in November to a reading of 3.
A report from UCLA says the U.S. will escape recession in 2008, but most polled by Bloomberg aren't buying it.
The figure comes in much higher than market expectations and the biggest monthly increase in a year.
Sandy Praeger was voted in as the Kansas City, Mo.-based association's new president.
Daniel Glaser, currently managing director of AIG’s European arm, will start Dec. 10, filling the position vacated in August by Brain Storms.
Dennis Slusarski, Mr. Blumenthal’s predecessor, will assist through the leadership transition.
Growth in the manufacturing sector slowed for the fifth consecutive month, according to the monthly Institute for Supply Management report.
An insurance policy that provides an income guarantee to holders of a unified managed account at Lockwood is in registration at the Securities and Exchange Commission.
The controversial 6% tax on investment advice was repealed in a late-night session of the state legislature.
The Investment Management Consultants Association has named Garry Bridgeman president for 2008 and 2009.
Morgan Stanley is adjusting some of its pay policies to comply with a wage-and-hour lawsuit it settled last year.
More advisers are turning toward fixed-income annuities as a new asset when they create retirement plans for their baby boomer clients.
Many of the retirement income solutions currently being developed by financial services companies involve software — most of which is designed to model financial outcomes once someone has retired.
Raymond James Financial Inc. of St. Petersburg, Fla., last month rolled out a series of research reports on variable annuity riders designed to help its reps sort through the confusing array of products.
The securities industry work force is not noticeably more diverse today than it was two years ago, even as the nation's largest investment firms strive to hire more women and minorities, according to a new survey.
