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Ameriprise profit up, selling Securities America

Financial planning firm Ameriprise Financial Inc. on Monday posted a 13 percent rise in first-quarter profit, boosted by growth in its asset management and advice and wealth management divisions. The company also said it will sell its Securities America broker-dealer unit, which earlier this month a Full story

Teacher fund managers paid $8.2 million in bonuses

The state teacher retirement fund's investment managers received more than $8.2 million in bonuses this year, more than double what every other state agency's top employees have received combined since 2007, according to a newspaper analysis published Sunday. Full story

BlackRock oper profit up 13 percent on asset gains

BOSTON (Reuters) - BlackRock Inc <BLK.N>, the world's largest money manager, said first-quarter operating profit increased 13 percent as investors poured money into the firm's stock and bond funds. Full story

State Street operating profit boosted by fee income

BOSTON (Reuters) - State Street Corp <STT.N>, one of the world's largest institutional investors, said quarterly operating earnings rose as improved financial markets helped boost custody servicing and asset management fees. Full story

Investment manager guilty in NY extortion case

Federal prosecutors say an investment manager has been convicted of attempted extortion for threatening to reveal an extramarital affair involving an official at the New York comptroller's office in an attempt to win access to state pension fund business. Full story

Stock-pickers' lament: Money going out the doors

Pay a fund manager above-average fees and it's reasonable to expect you'll have a better than 50-50 chance of beating the stock market. Full story

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  Invest Wisely, Rest Easy

Recent market volatility has given investors a reason to be concerned. Advice for those retired or on the cusp of retiring, with Ken Sleeper, Sierra Core retirement Fund investment manager.