Wealth management

Investors in externally managed and subadvised accounts could save about $1 billion a year in commissions paid to brokerage firms by their fund managers.

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Pacific Investment Management Co. has nabbed two bank loan portfolio managers from Lord Abbett & Co. Elizabeth MacLean and Jason Duko will join PIMCO in early April.

A Federal Reserve decision that will let many banks pay dividends again is another sign that the equity markets have returned to health, and it likely will stoke investor demand for financials, according to Mary Ann Deignan, head of equity capital markets in the Americas for UBS.

For Goldman Sachs Group Inc.'s Special Situations Group, disasters can be a source of big profits. Now the secretive investing operation faces its own potential calamity.

A couple of years ago Ron Van Surksum, a financial adviser in Grandville, Mich., was struggling to justify his fee schedule.

While there is a general concern that inflation may be coming, there is little consensus among target-date funds on how to prepare for it.

Still smarting from the downturn, some wealthy families are turning to external chief investment officers for help managing their investments and controlling overhead.

They may have money, but lots of affluent baby boomers don't have enough to live the way they want to in retirement. And it's becoming the job of many financial advisers to tell them so.

Some people who owe more than $1 million on their homes are coming under the microscope at the IRS over how much of their mortgage interest they can deduct on their tax returns.

Zachary Gronich, founder and chief executive of RIA in a Box, has seen his consulting company quickly grow bigger than he expected.

Lloyd Blankfein, chief executive of Goldman Sachs Group, revealed some of his daily habits while testifying at the Galleon insider-trading trial.

A broker who moved from Fidelity Investments to Morgan Stanley Smith Barney has been temporarily barred in a settlement from calling his former clients to ask them to follow him.

Securities America has agreed to meet with a mediator in an attempt to resolve a flood of investor cases that could expose it to more than $300 million in liabilities.

Retirement savings may swell to $4 trillion over the next four years and the largest banks want a bigger share of that money.

Morgan Stanley and Goldman Sachs have arranged two term loans totaling $395 million that will back Hubbard Radio's acquisition of 17 radio stations from Bonneville International, according to sources.

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Putnam Investments announced a new suite of income-oriented funds designed to help advisers better serve their clients' retirement issues.

Pacific Investment Management Co. raised more than $1.5 billion for a private pool to buy assets from banks looking to strengthen their balance sheets, according to two people with knowledge of the fund raising.

Goldman Sachs Group Inc., the fifth-biggest U.S. banking company by assets, will continue making principal investments with the firm's own money because executives do not think the so-called Volcker Rule prevents the practice, a Bank of America Corp. analyst said.