Wealth management

Pacific Investment Management Co. has announced the hiring of Neel Kashkari, the former head of the government's $700 billion Troubled Asset Relief Program.

Instead of leaving Americans to educate themselves about retirement planning and saving, legislation introduced in the Senate this week would mandate that 401(k) and other defined contribution plans show beneficiaries the projected value of their retirement accounts.

UBS AG, which in August worked out a landmark deal to put its legal troubles with the U.S. tax authority behind it, said Monday that its private bankers are being relieved of temporary restrictions and can visit foreign-based clients again.

BlackRock Inc., the world's largest asset manager, plans to sell $2.5 billion of bonds in three parts, the company's first offering since its debut issue more than two years ago.

State Street Global Advisors has a new strategy called the U.S. Community Investing Index.

First Foundation Advisors, a unit of First Foundation Inc. of Irvine, Calif., has hired Alan G. Remedios as managing director of fixed-income investments.

First Midwest Securities Inc. in Bloomington, Ill., has hired J. Eric Hagler as president.

MetLife Inc. said Monday that it expects this quarter to be its first profitable one since last year's fourth quarter.

As American Century Investments embarks on a belated international expansion of its wealth management business, it wants to be defined in the context of its competition.

The House's decision to extend the current estate tax regime did not come as a surprise to industry observers, who never believed the government would allow the tax rules to expire altogether and give up the much-needed revenue.

Six years after acquiring a small Atlanta money manager to establish a foothold in Georgia, BNY Mellon Wealth Management is adding staff in the state to take advantage of a surge in the Southeast's population of wealthy individuals.

Managers of 529 college-savings plans have always competed on fees, but the latest round of the bidding war promises to be the most intense.

For more information on this data, visit Novantas LLC and Market Rates Insight.

Pacific Investment Management Co. has introduced an Intermediate Municipal Bond Strategy Fund, advancing its push into the market for actively managed exchange-traded funds.

More than 50 million U.S. households owned mutual funds this year, according to Investment Company Institute research released Thursday

Fidelity Investments cut fees on all of its managed Section 529 college-savings plans by one-third to one-half.

Adviser confidence in the economy and stock market decreased almost 3% to 103.79 in November from a month earlier, according to Rydex SGI AdvisorBenchmarking.

The U.S. Court of Appeals for the Eighth Circuit has reversed the dismissal of Jeremy Braden v. Wal-Mart Stores Inc. by the U.S. District Court for the Western District of Missouri.

Affluent investor confidence rose in November, but the wealthy probably will not be bullish about investing until unemployment rates improve.

Armed with a slew of former U.S. Trust wealth management veterans, Evercore Wealth Management has nearly doubled its assets under management to $1.4 billion in the past six months.