investment news news from FierceFinance

Does this bode ill for the wealth management industry's future? Gen X do-it-yourself investors reported a 28 percent return in 2010, while those who had a financial adviser reported a 3 percent Read more...

Hedge funds have had a good run as of late, and by a several measures they've managed to beat the major stock market indexes so far this year. Over the first nine months of the year, the Barclays Read more...

Lots of banks are looking for another cash cow right now, which always happens in the wake of a crash. After the dot-com bubble burst, top firms seized on various real estate-related loans and Read more...

There are still plenty of brokers at traditional wirehouses that are leaving for greener pastures. These days, they're more likely to join an existing registered investment advisory firm rather that Read more...

Is this an example of how not to get tough with the press or how to antagonize it? Investment News' deputy editor recounts in an editorial about how reporters at the publication were denied an Read more...

Morningstar has found that mutual funds whose managers have more than $1 million or more of their own money invested in their fund ranked in the 42nd performance percentile on average over five Read more...

Deborah McWhinney, former head of Charles Schwab's RIA has wasted no time imposing a new order on Citi's (C) retail services. She has moved the bank to a fee-only model, eliminating brokers who are Read more...

Sallie Krawcheck understands the role that tradition plays at Merrill Lynch. While some may think that heritage is actually a hindrance today, she has reached out in deference to the men that built Read more...

Sallie Krawcheck, just 42, will arrive at Bank of America with a lot of expectations. People are already talking about her as a possible replacement for embattled CEO Ken Lewis. It's Read more...

The unexpected departure of Robert McCann, head of Merrill Lynch's vaunted Thundering Herd, is "sending tremors through that group," reports the Financial Times. Bank of America moved to control Read more...