Wealth management

In a Barclays survey, 60% of wealthy people said they want to continue working as long as they are able, shunning traditional retirement.

Brokerage firms continue to talk a good game when it comes to social media, but few are actually doing anything about it, and that may turn out to be a mistake.

UMB Financial Corp. has added a leg to its distribution structure for health savings accounts.

The Treasury Department may announce plans as early as this week to return American International Group Inc. to independence and recoup taxpayers' bailout money, according to three people with knowledge of the talks.

Morgan Stanley, the sixth-largest U.S. bank by assets, has frozen hiring at its investment banking division for the rest of 2010, a person briefed on the decision said.

Fidelity Investments has expanded independent advisers' access to third-party providers within its WealthCentral custodial platform by integrating a portfolio management solution from Black Diamond Performance Reporting.

GAMCO Investors Inc. has elevated Agnes Mullady to president and chief operating officer of the open-end fund division of Gabelli Funds LLC.

Kathleen Kennedy has joined Columbia Management, where she will head the Boston firm's consultant relations efforts.

The Basel III bank capital requirements proposed earlier this month threaten to eviscerate the supply of eligible investments for tax-free money market funds — an industry already struggling with a severe supply shortage.

Bank of America Corp. said Thursday that its Merrill Lynch unit has started a division to handle customers' futures and derivatives trading.

UBS pushed ahead with its integrated bank model by starting a unit that will move its investment bank closer to its business catering to extremely rich clients.

Retail deposit rates on September 21.

The IRS should improve the timeliness of the private letter rulings it issues and reduce the number of rulings issued, a new government report recommended.

A wealth management firm has identified a growing niche serving clients in the U.S. and north of the border.

Lehman Brothers Holdings Inc. and Societe Generale have struck a settlement of pending litigation under which Lehman stands to recover at least $445 million.

IMGCAP(1)]

High-balance retirement plan participants aren't showing much loyalty to plan providers when rolling assets into an individual retirement account, and this could be a major opportunity for advisers.

Banks may be on pace for a record year in sales of life insurance, according to Kehrer-Limra's latest Bank Life Report.

Evercore Partners' deal to buy a 50% stake in the boutique bank G5 Advisors last week is just one example of how Wall Street dealmakers are scrambling to get a foothold in Brazil, whose rapidly growing economy promises to be an active source of mergers and acquisitions.

Barclays Wealth on Monday announced that it appointed banking veteran David Lewis as managing director and head of its Americas banking unit, a new position.