Matt Ackermann

Wilmington Trust Corp. has added 18 wealth managers in the Southeast in the past five months, and says it plans to keep expanding in the region.

Once expected to be casualties of consolidation amid a price war, smaller online brokers are instead thriving.

VAs may be staging a comeback. The SVP of sales and distribution for Prudential Annuities said he has heard all the objections from wholesalers and advisers: in essence, that the product is too expensive or too complicated.

Fidelity Investments says it expects its retirement assets to continue growing this year as both employers and employees become more engaged with 401(k) plans.

While many financial advisers continue to seek either the comforts of a megafirm or the independence of a registered investment advisory group, Adam Sherman, David Fleisher and their team have found a cozy home in the community banking channel.

Raymond James Financial Inc. continued to attract financial advisers to its private-client group at the end of last year and into January.

Charles Schwab Corp. is attracting a slew of new assets, and daily average trades are rising. New and established clients brought the company $6 billion of net new assets in January, according to its monthly market activity report.

Horizon Bank in Austin said Tuesday that it has hired Kelli Click to run the Waco, Texas, office of a Horizon unit that helps investors roll over retirement assets into individual retirement accounts.

In the largest deal in its 17-year history, Affiliated Managers Group Inc. is buying Pantheon Ventures from Russell Investments, a unit of Northwestern Mutual Life Insurance Co.

Bank of America Corp. said it expects significant growth in 401(k) assets this year, but where and how it will generate new business is unclear.

After announcing plans to shutter 10 of its exchange-traded funds last month, WisdomTree Investments Inc. said it remains focused on adding products.

State Street Corp. announced Thursday that it has reached settlements to resolve investigations into losses incurred by and disclosures made around active fixed-income strategies managed by State Street Global Advisors.

In an effort to match competitors, Fidelity Investments has reduced commissions for online U.S. equity trades made by retail investors and financial advisers.

MetLife is in talks to buy one of American International Group Inc.'s largest international life-insurance units, but MetLife's top executive says his company does not need such deals to grow.

Some analysts said Bank of New York Mellon's latest deal is a defensive move to box out Northern Trust from becoming a top competitor in asset servicing.

While some banking companies continue to hoard capital, Bank of New York Mellon Corp.'s top executive said expansion remains its top priority. But some analysts said its latest deal is clearly a defensive move to box out Northern Trust Corp. from becoming a top competitor in asset servicing.

Many large money managers have been divesting in the past few years to focus on core businesses, but Invesco Ltd. retained its trust unit, Atlantic Trust. The decision is paying handsome dividends.

VantisLife, of Windsor, Conn., plans to "go west" by selling its life insurance products through banks in the Midwest and California.

The actively managed exchange-traded funds sector is increasingly going mainstream, and Grail Advisors is riding right along with it.

Confidence among affluent investors grew slightly this month.