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Datek Online Brokerage Services Corp. is talking with technology companies that could provide electronic tools to help self-directed investors make better choices. Datek would not provide the advice itself, David [...]

Bank marketing has emerged as a key element in Charles E. Haldeman's strategy to remake Delaware Investments' image. Mr. Haldeman, who took the reins as Delaware Investments' president and chief [...]

Cybercorp Inc. has made hands-free audio chat rooms available to customers. During market hours, one audio chat room links together traders using the Cybertrader or CyberX online trading platforms. Participating [...]

Ameritrade Holding Corp. has named Thomas K. Lewis Jr. chief executive officer. Mr. Lewis, 47, joined the company in March 1999 as co-CEO. He shared responsibilities with Ameritrade's founder, J. [...]

A prominent technology analyst let banks have it with both barrels at a mutual fund conference last week, saying they risk losing out to other financial services firms because they [...]

Mutual fund observers at last week's industry convention shot down the conventional wisdom that the Internet is a major cost-saver. 'It's a net expense right now, because we're all spending [...]

American International Group Inc. is interested in acquiring asset management organizations, but not banks or securities firms, its chairman and chief executive said at a mutual fund conference Thursday. 'Our [...]

Financial services companies must either seize control of new technology or risk being devoured by it, industry leaders said Thursday at a mutual fund industry gathering. Panelists at an opening-day [...]

United Asset Management Corp., a holding company for investment management companies, said Tuesday its board elected James F. Orr 3d president and chief executive. Mr. Orr succeeds Norton H. Reamer, [...]

At long last, Pioneer Group Inc. has a found a buyer for its gold mining operations in Ghana. A subsidiary of Ashanti Goldfields Co., an African-based gold mining group, agreed [...]

American International Group Inc. is looking to distribute its insurance products through online brokerages. The New York company confirmed Thursday that it has held talks with E-Trade Group of San [...]

LONDON - Amvescap PLC is beefing up its Canadian mutual fund business with a planned $1.8 billion deal for Trimark Financial Corp. of Toronto, the sixth-largest fund company in Canada. [...]

Pioneer Group Inc. could be homing in on a buyer, according to a source close to the mutual fund company. Pioneer said in March that it hired Merrill Lynch & [...]

Goldman Sachs Group Inc. has joined the growing ranks of brokerages marching into large commercial banks' territory of providing personal trust services to high-net-worth clients. The New York firm, which [...]

NEW YORK - The investment management arm of Donaldson, Lufkin & Jenrette Inc. said Friday that it is buying a registered investment adviser to broaden its non-investment-grade bond business. Terms [...]

A former banker has entered the e-commerce business-to-business world with a new company that helps brokers search online for 401(k) plans to suit their corporate clients. David Gilbert, who was [...]

Boston - Fidelity Investments, No. 1 in just about everything it does, is a few ticks shy of the top ranking in sales through banks and other intermediaries. It aims [...]

T. Rowe Price, which is known for selling directly to investors, is making a stronger push to sell its portfolios through banks. The Baltimore company manages about $39 billion of [...]

An online joint venture announced Tuesday between Merrill Lynch & Co. and HSBC Holdings PLC gives HSBC a critical new plank in its Internet expansion effort and thrusts Merrill into [...]

Kemper Funds is trying to drum up more business from bank trust departments, starting with the few dozen that already use its products. Kemper is a Chicago unit of Scudder [...]

The Securities and Exchange Commission has fined two former executives of Shawmut Investment Advisers Inc. for their role in Shawmut's failure to disclose the use of $1.8 million of advisory [...]

Massachusetts Financial Services, one of the top sellers of mutual funds through bank brokerage units, is looking to achieve similar success through bank trust departments. The company, which sold about [...]

SEI Investments Inc., which has done brisk business selling mutual fund wrap products through fee-based advisers, aims to parlay that success in the bank channel.According to Cerulli Associates Inc. of [...]

Putnam Investments, the largest seller of mutual funds through bank brokerages, has enhanced its training program for financial advisers, known as the Putnam Institute. Though the enhanced Putnam Institute is [...]

Chase Manhattan Corp.'s global custody unit said Tuesday that it has formed a $20 million joint venture with Investia, a London-based e-commerce company, to create mutual fund supermarkets for European [...]

Federated Investors of Pittsburgh said Tuesday that it has hired a fund executive from Prudential Investments, in a continuing effort to build up its international investment management unit. Stephen F. [...]

To stir up sales, Delaware Investments Inc. will soon offer training to financial consultants on meeting the investment needs of people around retirement age. The 'Delaware Decision Decade' program will [...]

Van Kampen Investments Inc. is starting its first branding campaign this week. The Oakbrook Terrace, Ill., fund company's 'True Wealth' campaign targets financial advisers and investors. By advertising on CNBC [...]

As businesses take steps to develop 401(k) retirement plans for their workers, some community banks are considering becoming plan providers a role more normally associated with insurance and mutual fund [...]

Some bank brokerage and mutual fund executives reported strong mutual fund sales in February, as investors continued to largely ignore bond funds in their stampede for equities. 'People are just [...]

Mellon Financial Corp. has quietly started reminding customers of its well-known subsidiaries that at bottom they are all parts of Mellon. Pittsburgh-based Mellon left the old names on many of [...]

Hartford Life and American General Corp. were the top sellers of annuities through banks in 1999, for the fourth consecutive year, a recent survey found. Hartford's bank-sold annuity volume rose [...]

Stephen A. Cone has made a reputation by creating celebrity marketing campaigns, but finding the right spokesperson for Citigroup Inc.'s varied asset management businesses could be tough, even for him. [...]

Ohio state securities regulators have given Putnam, Lovell, de Guardiola & Thornton Inc. a broker-dealer license two years after the company sold securities in the state without one. The license [...]

In another move aimed at repositioning itself as a full-service investment powerhouse, Charles Schwab & Co. has begun offering investment advice through its branch network and over the phone. The [...]

CHARLOTTE, N.C. - Bank of America Corp. has signed an agreement to sell Chicago Equity Partners Corp., a registered investment adviser, to a management team of that company. The deal, [...]

Mutuals.com is offering banks without brokerage services the ability to offer more than 10,000 mutual funds to their customers. Visitors to a bank's Web site could gain access to the [...]

Liberty Financial Cos. plans to rebrand several of its mutual fund families under the Liberty name and is exploring acquisitions to expand its fund business, an executive with the company [...]

ING Group is in talks with a few 'top-20' U.S. banking companies that have expressed interest in owning insurance underwriters but are reluctant to deal with the day-to-day burdens of [...]

John Hancock Financial Services Inc. is gearing up to boost its mutual fund, annuity, and insurance sales through banks, thrifts, and credit unions. The Boston company recently hired Timothy J. [...]

The Houston insurer American General Corp. is buying the assets of CypressTree Investments Inc., a small, privately held investment management company in Boston, according to a regulatory filing. Neither company [...]

Who wants to marry an insurance underwriter? With the passage of the financial services reform law, and more recently ING Group's bid for Aetna, the prospect of banks and insurance [...]

Heads of major brokerage firms testified Tuesday on the importance of ensuring that U.S. securities markets remain the world's best. Lawmakers did not need much convincing. 'If we want the [...]

Some bank mutual fund and brokerage executives reported strong sales in January, but February may be another story. Net new cash flow into all mutual funds -- which takes into [...]

WASHINGTON - Securities regulators took what could be a first step Wednesday toward addressing 'fragmentation' in the financial market. The Securities and Exchange Commission is seeking comments on whether increased [...]

PORTLAND, Maine - One of Pioneer Group Inc.'s shareholders is calling for the sale of the Boston mutual fund company, according to a preliminary proxy statement filed Wednesday with the [...]

WASHINGTON - Mutual fund professionals said they welcome a Securities and Exchange Commission plan to examine their industry's advertising and marketing practices. Speaking at the Mutual Fund Directors Education Council [...]

Invesco Funds is moving forward with a plan to boost sales through financial intermediaries such as banking companies. The Denver-based unit of Amvescap PLC, which began offering a broker-sold option [...]

WASHINGTON - The regulatory arm of the National Association of Securities Dealers Inc. has censured and fined Hibernia Corp.'s brokerage unit $10,000 for securities violations. The NASD levied a $5,000 [...]

If investment managers have any regrets about the last 20 years, foremost may be that they will never experience another period like it. Unless, as some are hoping, the next [...]