Wealth management

Goldman Sachs Group Inc. plans to ramp up its wealth management business by expanding its adviser force in the next couple of years.

Employers are clearly more optimistic about the economy, with a second 40% tranche that had suspended 401(k) contributions planning to resume them by mid-2011, the Profit Sharing/401(k) Council of America said.

Rollovers into traditional IRAs occur during the working years, not just at retirement, according to the Investment Company Institute.

The U.K.'s Financial Services Authority has fined a former executive from Toronto-Dominion Bank $1.2 million for intentionally mispricing trading positions in credit derivatives to cover his losses and banned him from working in the financial services industry.

Hedge fund launches climbed to 260 in the three months that ended in September, an increase of nearly 30% from 201 in the second quarter, according to data released Wednesday by Hedge Fund Research.

While 2010 represented a modest improvement for mergers and acquisitions, the market for initial public offerings surged back to life, as domestic IPO activity eclipsed the previous two years, according to a report from PricewaterhouseCoopers.

RBS Securities Inc., the investment banking and brokerage unit of Royal Bank of Scotland, is looking to add trading and sales professionals and strategists specializing in Latin American markets, according to senior fixed-income officials.

The municipal market has become so turbulent and illiquid that even investors who find tax-exempt yields appealing are sitting on their hands.

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While most wealth managers say transparency in reporting is the name of the game, most are not doing a good job of it, according to a survey by SEI Global Wealth Services.

New life insurance premiums sold through banks in the third quarter hit $512 million, up from $225 million in the third quarter of 2008, the year the market collapsed, according to Kehrer-Limra.

Internal Revenue Service Commissioner Doug Shulman said the agency may reopen its voluntary disclosure program, offering a partial amnesty to tax evaders who have been hiding money in foreign bank accounts.

Most asset managers expect revenue and assets under management to grow next year, despite concerns about regulatory changes and information technology operations.

Dow Jones has formed a partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria in introducing a Dow Jones Global Fund 50 Index; a portion of revenues from licensing the index are to go to the fund.

Hedge fund, private equity, infrastructure and real estate asset management fees are down in both pooled and separately managed accounts, Mercer LLC's 2010 Asset Manager Fee Survey found.

Broadridge Financial Solutions has promoted Susan Certoma from chief operating officer to president of its brokerage processing services.

Investors who work with a financial professional report saving significantly more for retirement, according to research by ING Retirement Research.

Haverford Trust Co. prides itself on being a solid, nonflashy institution, one with an emphasis on long relationships and long-term results.

Morgan Stanley Chairman John Mack, Chief Executive Officer James Gorman and other executives won a dismissal of a shareholder lawsuit filed over $45 billion paid to the firm's employees over three years.