Nuveen To Buy FAF Advisors
Nuveen, a Chicago-based investment manager for institutions and high-net-worth investors, said it will give U.S. Bancorp a 9.5% stake in the company and cash consideration in exchange for the unit, which manages $25 billion of long-term assets and serves as the advisor of the First American Funds.

Securities Class Actions Drop As Credit-Crisis Claims Diminish
Financial companies were defendants in 29.6% of the filings in the first six months of 2010.

Raymond James Taps Former UBS Branch Manager
Tim Sheridan makes the move to serve as a complex manager.

Brokerage Teams Go Independent in Increasing Numbers
Fidelity sees increase in “breakaway” teams going independent; others maintain that wirehouse channel is the place to be.

What Women Want: Financial Empowerment
Although women controlled approximately 27%, or $20.2 trillion, of the world’s wealth in 2009, over half of women feel wealth managers could be better meeting their financial needs, according to a Boston Consulting Group global study released on Thursday.

ETFs Heat Up
Net inflows into exchange-traded funds in the first half of 2010 beat inflows into ETFs in the previous year, according to State Street Global Advisors, the investment management business of State Street Corporation.

Without a Financial Plan, Women's Long-Term Outlook at Risk
Too few women have a detailed financial plan in place, according to a Prudential Financial study, something that can impact their financial security in the long run.

People on the Move: Spotlight on Jeff Sica
Sica goes independent, executive changes at Citi and Hartford plus more of this week's personnel moves.

Vanguard Says Retirement Accounts Are Back on Track
Investors increasingly opt in to automatic investment accounts like target-date funds.