Wealth management

Jeremy Grantham, Bill Miller and Donald Yacktman, having told mutual fund investors that 2010 was a year to buy the biggest stocks, and getting drubbed by most of their peers, are sticking with that prediction.

Morgan Stanley named Jim Rosenthal chief operating officer to succeed Thomas Nides, who left to take a position at the State Department.

Two credit chiefs have left Citadel Securities along with a high-raking equities executive, according to several reports.

Steadfast Networks, which is trying to create a network for financial trading, has taken a step toward that goal by acquiring Radius IT.

Mariner Wealth Advisors of Leawood, Kan., has acquired CBIZ Wealth Management of Cleveland, an individual wealth management firm formerly associated with CBIZ Inc.

The insurance industry faces some headwinds in the new year, the most prominent of which is a persistent soft market.

The Barclays wealth management division has pinpointed more than 1,200 investor types along with specific strategies for how to advise them.

Taxpayers who claim deductions for home mortgage interest, gifts to charity and state and local taxes will now have to wait until mid- to late February to file their 2010 returns.

Build America Bonds from California, the biggest issuer of the taxable debt in 2010, outperformed the market in the past six weeks as the state's 7.25% yield lured investors unfazed by the lowest state credit rating.

DWS Investments, the mutual fund family owned by Deutsche Bank AG that is the successor to two storied U.S. fund firms, has had a turbulent history. But its executives say the business, built with acquisitions including the former Scudder Kemper Investments, is on course to notch its first year of positive net flows in several years. A big reason, the executives say, is an expansion and upgrade of its intermediary distribution force.

Investors who forget what they paid for shares of stock will get help starting in 2011, courtesy of the Internal Revenue Service.

A pension fund for Ohio school employees has sued Wachovia Corp. and the company that now owns it, Wells Fargo & Co., over losses the fund sustained from investing in Wachovia's securities lending program.

Raymond James Financial Inc. said Wednesday that it has agreed to acquire Howe Barnes Hoefer & Arnett Inc. The deal would combine two well-known regional investment banks.

IMGCAP(1)]

American International Group Inc., the company repaying a $182.3 billion government rescue, led the U.S. insurance industry to its best year since 2003 as investments strengthened.

MFS Investment Management has historically been best known for its equity funds — but it's the firm's Municipal High-Income Fund that stands out as a gem of consistency.

Rollovers into traditional IRAs occur evenly across all age groups and play a significant role in the growth of IRA assets, according to new research.

With 2011 tax-rate decisions delayed by Washington brinkmanship, financial advisers spent most of 2010 unable to answer key questions from their wealthy clients.

Goldman Sachs Group's Petershill Fund agreed to buy a minority stake in Mount Lucas Management, a global macro hedge fund manager with $1.8 billion under management.

The extension of current income tax rates gives wealthy taxpayers the equivalent of an interest-free loan if they convert a regular individual retirement account to a Roth by Dec. 31.