Matt Ackermann

Trilogy, which had $12 billion of assets under management as of June 30, specializes in emerging- and global markets strategies.

In a Barclays survey, 60% of wealthy people said they want to continue working as long as they are able, shunning traditional retirement.

GAMCO Investors Inc. has elevated Agnes Mullady to president and chief operating officer of the open-end fund division of Gabelli Funds LLC.

High-balance retirement plan participants aren't showing much loyalty to plan providers when rolling assets into an individual retirement account, and this could be a major opportunity for advisers.

E-Trade Financial Corp. announced Wednesday that average trading volume declined significantly in August. The New York company said that volume fell 36% from a year earlier and 4.6% from July.

UBS AG's wealth management unit for the Americas plans to open a Manhattan office, according to an internal memo issued Thursday.

Goldman Sachs Asset Management announced Friday that it had named Jim O'Neill chairman.

Scout Investment Advisors, a Kansas City, Mo., unit of UMB Financial Corp., announced Thursday that it had signed a definitive agreement to buy Reams Asset Management Co. of Columbus, Ind. The deal would more than double its assets under management.

Charles Schwab Corp. said Monday that it has agreed to buy Windward Investment Management Inc. of Boston for $150 million in stock and cash.

Confidence among high-net-worth investors tumbled in August, according to a monthly survey by Spectrem Group.

Most affluent individuals still would rather work one on one with a trusted adviser than use online tools for financial planning, a Bank of America Merrill Lynch survey found.

Bank of America Corp. announced Tuesday it hired Lisa Shalett as chief investment officer of Merrill Lynch Global Wealth Management and head of investment management and guidance.

Northern Trust Corp. said second-quarter profit tumbled as a result of declines in fee revenue and some nonperforming loans.

Armed with stronger fee income and an increase in assets under management, State Street and Bank of New York Mellon bounced back in the second quarter.

TD Ameritrade Holding Corp said Tuesday fiscal third-quarter profit increased 5%, to $179.4 million, or 30 cents per share, from a year earlier as trading volume increased.

LaCrosse Global Fund Services announced Monday that it has agreed to buy Bank of America Merrill Lynch's global alternative fund administration business.

Enlarging the operation has been a key initiative for the Charlotte company for the past year, and its "recommitment" to the business is really beginning to see results "in terms of sales traction in the marketplace," Andy Sieg, head of B of A Merrill Lynch retirement and philanthropic services, said in an interview last week.

Fieldpoint Private Bank and Trust announced Wednesday that it hired Robert S. Matthews as its president and chief executive.

Now that Bank of New York Mellon Corp. has closed its $2.31 billion acquisition of PNC's Global Investment Servicing Inc., it is looking abroad for growth in its asset servicing business.

UMB Financial Corp. of Kansas City, Mo., said it has signed a definitive agreement to buy Prairie Capital Management LLC, an independent national asset management and wealth management firm in Kansas City.