Wealth management

The Bureau of Labor Statistics' latest employment report showed a continued downtrend for jobs in the "insurance carriers and related activities" industry, which lost 5,700 from August to September.

Piper Jaffray has announced that it will transfer its private capital business to an independent fund manager as of Dec. 1.

Banks that set goals for advisers' life insurance sales sell more life products, according to joint research by Kehrer-Limra and Limra.

Citigroup Inc. has become the second fund administrator to implement a new technology platform from youDevise specifically designed for servicing funds of hedge funds.

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It's not every day one of the 10 largest independent broker-dealers announces it has made financial institution investment programs a priority.

The Certified Financial Planner Board of Standards has proposed raising its membership fee by 80% to support a marketing initiative.

Wall Street's bond underwriting machine likely will remain busy in the final three months of this year and early next, say market analysts.

Goldman Sachs Group Inc.'s Litton Loan Servicing LP on Friday joined the litany of servicers suspending foreclosures to review their processes.

Chris Leavy, the former chief investment officer of equities at OppenheimerFunds, has been hired as CIO of U.S. fundamental equity at BlackRock Inc., a newly created position.

Brian Davis, the new director of adviser services for Scottrade Advisor Services, will not be making any drastic changes to the asset custodian business that the St. Louis discount retail brokerage launched five years ago.

A four-year study of how the life and annuity industry functions found a "striking" variance in approaches to dealing with the industry's most pressing issues.

Paul Reilly, who recently took over as the chief executive of Raymond James Financial, wants to take the company to a new level.

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Six months ago, 45% of bank executives thought the economy was on the right track, but a survey by Grant Thornton and Bank Director magazine found that only 15% of bankers think the economy will improve in the next six months.

As 13 certified financial planners found out recently, crime doesn't pay if you want to keep this prestigious designation.

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Nexity Financial Corp. in Birmingham, Ala., which has been operating under bankruptcy court protection, is shedding its wealth management division.

Although the industry often tends to gauge the success of a firm's technology platform by how much money is spent on it, a study from Charles Schwab Advisor Services finds that independent registered investment advisers who actively manage their tech services generate more income, while also spending considerably less money on it.