Wealth management

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State Street Global Adivsors of Boston will buy Bank of Ireland Asset Management for about $79.3 million, State Street confirmed on Friday.

Banks keep pumping out low-rate, short-term certificates of deposit despite the fact their customers do not seem to want them, according to a nine-month analysis of the product by Market Rates Insight in San Anselmo, Calif.

Over half of American donors, 55%, plan to maintain the same level of charitable giving in the fourth quarter, despite market uncertainty, according to a survey by the Fidelity Charitable Gift Fund, the largest donor-advised program nationally.

Banks can not only strengthen customer loyalty by helping users better manage their money but also leverage a comprehensive view of customers' financial positions to more effectively target relevant products.

ETF Securities has introduced the ETFS Precious Metals Basket, an exchange-traded fund that holds fixed physical weights of gold, silver, platinum and palladium.

The Financial Industry Regulatory Authority announced that it had fined the former Ferris, Baker Watts LLC $500,000 for inadequate supervision of sales of reverse convertible notes to retail customers.

Assets under management at the 500 largest advisers in the world rose 16% last year, to $62 trillion, after contracting 23% the year before, according to Towers Watson and Pensions & Investments.

After the shocks and bumps of the Great Recession, younger baby boomers are already thinking about retirement and are clear on one thing: When it comes to retirement income, they want guarantees, according to a study.

Business owners are not planning to hire, and most are not expecting the economy to recover next year, according to financial advisers surveyed at PEAK's Excell national conference.

First Federal Lakewood in Ohio is like a lot of banks these days: It wants more fee income but doesn't have a lot of extra capital to invest to get it.

Wilmington Trust Corp. shares surged Friday after Bloomberg News reported the Delaware bank is in talks with two Canadian banks about a potential buyout.

The Labor Department wants to expand accountability for employer-sponsored retirement plans to investment advisers.

For those making mandatory withdrawals from an individual retirement account, 2010 may be the time to take out more than necessary, because tax rates may rise.

FrontPoint Partners' portfolio managers are taking back control of their hedge fund firm four years after they sold it to Morgan Stanley for around $400 million.

While most broker-dealers and their advisers remain stuck on social media's sidelines in lieu of any actionable guidance from either the Securities and Exchange Commission or the Financial Industry Regulatory Authority, Edward Jones is quietly building a legion of "fans" on Facebook, with moderate success, according to a report by Corporate Insight.

E-Trade Financial reported quarterly profit that met analyst estimates after setting aside less money for future loan defaults.

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The broker-dealer Investment Professionals Inc. and the wealth management research and technology provider FundQuest have started an enhanced managed accounts platform, Private Asset Management.

Bank-based financial advisers just about kept their heads above water in August, with average transaction plus fee revenue of $26,786, down 7% from July's $28,868, according to the Bank Insurance and Securities Association's latest Monthly Productivity Report.