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Mutual Fund Tax Bite Keeps Hurting

   More mutual fund investors will be hit with higher tax bills again this year as the trend for increasing capital gains taxes continues unabated...

Fidelity Launches New Products

Fidelity Investments today unveiled two new offerings: the Fidelity Advisor Mega Cap Stock Fund and the VIP Emerging Markets Portfolio...

Home Builder Confidence Rises Slightly

Growing interest in single-family homes from prospective buyers has boosted home builder confidence slightly in February, but the group's six-month outlook remains iffy, the National Association...

Morningstar Launches Star Ratings and Indexes for Hedge Funds

   Morningstar, Inc. yesterday launched a series of products that will do for hedge funds what it has long done for mutual funds...

The Financial State of Generation X

   Given that most financial advisors are focused on the upcoming tsunami of retiring baby boomers, thoughts of serving Generation X currently isn't a top priority...

American College To Hold Webcast On Ethics

The American College will convene a webcast on the subject of ethics in the financial services field with several leading industry experts...

RBC To Buy Ferris, Baker Watts

RBC Dain Rauscher Inc., a subsidiary of the Royal Bank of Canada, announced today it signed a definitive merger agreement to acquire Ferris, Baker Watts Inc...

iRebal Updates Pricing Structure

iRebal, the rule-based rebalancing application owned by TD Ameritrade that automatically generates trade recommendations for multiple account level rebalancing and cash management, recently...

E*TRADE Sells RAA Wealth Management

E*TRADE Financial Corp. yesterday announced that it signed an agreement to sell RAA Wealth Management, LLC to PHH Investments, Ltd. for $80 million...

Focus Financial Buys UK Advisory Firm

Focus Financial Partners, LLC, a New York-based holding company with 15 independent wealth management firms and more than $26 billion in client assets, yesterday announced its first international...

Bank Of America And Chevron Join The Dow

Dow Jones & Co. today announced that Bank of America Corp. and Chevron Corp. will replace Altria Group, Inc., and Honeywell International, Inc., in the Dow Jones Industrial Average...

Morningstar: Janus and Hartford Top Fund Companies

   Janus and Hartford Mutual Funds brought their average investors the best return on their money over the past three years, says a new Morningstar fund...

NPH Introduces Practice Management Program

   National Planning Holdings Inc...

FSI Expands Membership Base

   The Financial Services Institute (FSI) said it ended 2007 with more than 12,600 active financial advisor members, a 141% increase over 2006...

TD Ameritrade And Fiserv Finalize Deal

TD Ameritrade Holding Corp. yesterday announced that it completed its acquisition of Fiserv's investment support services business for roughly $225 million cash...

Brokers And Advisors More Likely To Switch Firms in '08

The number of brokers and advisors likely to consider leaving their current employer and switching to another firm in the next 12 months nearly doubled to 9%, from...

Wilmington Trust Buys AST Capital Trust

   Wilmington Trust Corp. yesterday announced it signed a definitive agreement to buy AST Capital Trust Co. for an undisclosed amount...

FPA: Rebate Checks Send Wrong Message

   It's a classic dilemma: Americans are lambasted for not saving enough, yet our spendthrift ways are the linchpin that keeps the economy afloat...

Fed Cuts Rates By 50 Basis Points

As expected, the Federal Open Market Committee today lowered its target for the federal funds rate 50 basis points, to 3%...

Advisor Confidence Sinks Lower

A survey of financial advisors' outlook on the economy and the stock market sank to new lows in January, according to Rydex AdvisorBenchmarking...