Wealth management

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LPL Investment Holdings posted strong first-quarter earnings, as a larger fleet of advisers got investors back into investing.

New Era Financial Advisors Inc. had stuck with its broker-dealer for about a quarter-century, through a span that included a merger and the company's acquisition by a bigger organization.

Pacific Investment Management Co.'s plan to launch an actively managed version of its popular Total Return Fund, overseen by its founder, Bill Gross, may well turn the tide for actively managed exchange-traded funds.

Charles Kochel, a Jonesboro, Ark., adviser, spends two days every other week casting for fish — and for clients — on one or another of the 30 rivers surrounding the Arkansas River.

It isn't that unusual for a spouse to learn only after the fact that his or her mate (or ex-mate, if they're divorced) tried to cheat the IRS on a joint tax return.

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Bank of America Corp.'s Merrill Lynch investment bank unit said it has hired a Royal Bank of Scotland Group PLC executive as its chief financial officer.

Stifel Nicolaus & Co. has opened a private client office in Irvine, Calif., marking its latest addition as part of an aggressive expansion push into the western states.

ETFs are likely to grab a "significant" share of the 401(k) market in coming years, and TD Ameritrade Trust plans to be part of the equation, according to the company's president.

Last year was the worst year for bank-sold annuities in the past decade — yet banks' income from the products seems to have defied gravity, posting just a small decline.

Thomas Soviero unseated Ken Heebner as manager of the best-performing diversified U.S. stock fund over the past 10 years. His secret: Companies with poor credit.

Global exchange-traded fund assets surged by 6.7% in the first quarter, to $1.399 trillion, with investors pouring a net $41.4 billion into ETFs — more than double their investments in the first quarter of 2010, BlackRock Inc. said.

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The popularity of hedge funds, particularly among institutional investors, propelled total assets under management to a record $2 trillion in the first quarter, according to a report from Hedge Fund Research Inc. of Chicago.

It looks like young investors may have been paying attention as the market crash threw baby boomers' futures into disarray.

More money than ever is flowing to mutual funds that buy both stocks and bonds, a sign that individuals are starting to return to equities during the most volatile bull market since at least 1942.

State Street Corp. led custody banks reporting higher fee income in the first quarter as acquisitions and the stock market rally boosted assets.

A decade after its launch, Bank of America Merrill Lynch's 401(k) platform for small businesses is approaching 1 million participants — and it's expanding beyond its signature 401(k) focus.

A court in Italy acquitted Citigroup Inc., Deutsche Bank AG, Morgan Stanley, Bank of America Corp. and bankers at the companies in a market-abuse case relating to the 2003 collapse of Parmalat Finanziaria SpA, Italy's biggest dairy company.