Wealth management

Forward, whose distribution channels include bank trust departments, has seen its assets under management double over the past year, to $7 billion. Driving the growth is its slate of alternative strategy funds.

JPMorgan Chase & Co. is making management changes to its asset management unit, replacing the head of institutional sales for North America and planning to name a new head of sales for investment management for North America

Vanguard has introduced the Vanguard Target Retirement 2055 Fund, a target-date portfolio for investors 18 to 22 years old who plan to retire in 2055 or thereabouts.

Compliance and financial reporting experts are criticizing the Financial Industry Regulatory Authority's proposal for broker-dealers to cough up more detailed and frequent financial reports.

Hedge fund icon Stanley Druckenmiller is shutting his firm and ending a 30-year career after amassing one of the best long-term trading records in the industry.

Zions Bancorp. reached equity-distribution deals with Deutsche Bank AG and Goldman Sachs Group Inc. to sell up to $200 million of stock, continuing Zions' effort to raise capital.

The Financial Industry Regulatory Authority on Tuesday said it fined Merrill Lynch $500,000 for failing to offer discounts for buyers of unit investment trusts.

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The latest Bank of America Merrill Lynch survey of fund managers found that investors are more bullish about the outlook for the global economy and corporate earnings.

Raymond James Financial has won the dismissal of a class action after the judge in the case said the complaint was too long and didn't contain enough facts.

The Tuition Plan Consortium has relaunched its Independent 529 Plan as the Private College 529 Plan, to foster prepurchasing of tuition fees at present rates.

Sales of annuities fell 7% year over year in the second quarter, dragged down by fixed annuities even as variable annuities rose 11%, according to data from Limra.

According to the Chicago company's monthly newsletter, millionaires under 45 said they prefer self-directed investing and they find the services of a professional adviser to be too expensive. The newsletter was released last week.

WASHINGTON — The Financial Industry Regulatory Authority has fined Raymond James Financial Services Inc. and Neuberger Berman LLC for municipal bond rules violations.

Baby boomers will make sacrifices now if that's what it will take to live well in retirement, a survey found.

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Artworks from the collection of Lehman Brothers Holdings Inc. may raise another $16 million for its creditors as collectors and souvenir hunters snap up remains of the collapsed bank.

The Merrill Lynch unit of Bank of America Corp. has agreed to pay $728,260 in civil penalties for letting unregistered client associates sell securities in states where they were not permitted to do so, New Jersey Attorney General Paula Dow said on Wednesday.

Exchange-traded fund investors shook off the summer slump and put their money back to work in July, reportedly finding investment opportunities overseas and in favored funds with large-cap investment styles.

Flows into U.S. open-end funds grew overall in July, to $14.1 billion, from $13.5 billion, according to numbers from the Morningstar research firm. But within that increase were mixed messages regarding investors' risk appetite.