Wealth management

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.

In 2006, Robert Isbitts, the chief investment officer of Emerald Asset Advisors in Weston, Fla., self-published his first book, "Wall Street's Bull and How to Bear It."

Chuck Akre beat 99% of his peers over more than a decade picking stocks based on price and ignoring much of what happened in the economy and government. He changed his approach after his fund declined 34% in 2008.

Expert investors and analysts have been saying it for years: economies in the emerging markets have become so sophisticated that the so-called frontier markets are becoming the place to find richer yields.

Royal Bank of Canada has agreed to buy the U.K. fixed-income money manager BlueBay Asset Management PLC for about $1.54 billion, in its biggest takeover in three years.

Three breakaway Morgan Stanley Smith Barney advisers — Greg Erwin, King Martin and Alan Rexius — have opened Sapient Private Wealth Management, a fee-based registered investment adviser.

Assets held in exchange-traded funds posted 10.6% growth in September, according to data collected by State Street Global Advisors.

For the managers of the Thornburg International Value Fund, troubles across the Atlantic are just weak spots in what is, overall, a solid market for overseas investments.

Credit Agricole, France's second-largest bank, has joined the list of European banking companies looking to make investment banking inroads on Wall Street.