Wealth management

Most good advisers are used to playing psychologist — helping clients understand and overcome irrational impulses in order to make sound investment choices.

Wall Street conventional wisdom holds that a sterling reputation is crucial to winning business and keeping clients. Goldman Sachs Group Inc. may be the exception, according to a new Bloomberg survey.

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More and more pension plans are exiting their domestic equity commitments in favor of long-duration bond vehicles to back up their liability needs, plan sponsors said in a new study.

Investors stuck with their retirement savings plans in 2010, according to the Investment Company Institute, basing its findings on data from more than 23 million defined contribution accounts.

SunTrust Banks Inc. on Wednesday announced that it bought a San Francisco wealth manager that focuses on clients including professional athletes.

Retail investors have access to a lot of information about the municipal bond market. Maybe too much information?

Bank of America Corp. took a risk when it recently launched Merrill Edge, an online, call-center and branch-based brokerage poised to compete with discount brokers, but it said that gamble is paying off.

Fiserv Inc. said it is improving its wealth management offerings through a partnership with LifeYield LLC.

Bank of New York Mellon announced Monday that it named Mitchell Harris president of its investment management division.

Ninety percent of advisers concede they are not doing enough to market and publicize their practice, a survey found.

Kris Jenner is quick to point out that you don't have to be a doctor to successfully manage a mutual fund that invests in the medical industry.

Person-to-person payment is expected to be one of the big next deployments for mobile financial services, and ING Direct is an early adopter of the latest incarnation of the technology, becoming the first major financial institution to enable U.S. customers with iPhones to use them to send money to one another.

Fiserv Inc. is rolling out investment account management services that it says will allow its clients' retail investors to bring in third-party accounts from other management services and expand the ability to view their overall performance.

Most families are a far cry from the kind of brood epitomized on the 1950s television sitcom "The Adventures of Ozzie and Harriet." Families and their estate plans are more diverse now, and trusts play a main role.

Angel investors are getting organized, and that is attracting some ultra-wealthy families eager for hands-on alternatives to traditional investments.

U.S. senators formally referred to the Justice Department and the Securities and Exchange Commission an investigative report that found that Goldman Sachs Group Inc. misled clients about mortgage-linked securities.

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A 20-year veteran of State Street, CEO Jay Hooley concluded that the custodial bank's business model did not have to fundamentally change — it just had to keep up with investors whose strategies did.