Wealth management

Despite heavy losses in their portfolios, most high-net-worth investors are sticking with their financial advisers, according to the Northstar/Sullivan Rebuilding Investor Trust Survey.

New hedge funds outpaced liquidations during the third quarter for the first time since the financial crisis began, according to a Hedge Fund Research report.

BlackRock Inc. announced in a regulatory filing that it plans to introduce a portfolio to give high-net-worth investors access to difficult-to-obtain hedge funds.

A new incentive package at UBS AG's Wealth Management Americas may be not be lucrative enough to retain the U.S. brokerage unit's most productive financial advisers.

Goldman Sachs Group Inc. on Thursday said its top 30 executives would get no cash bonus for 2009 as the Wall Street bank bowed to public pressure over runaway compensation packages.

IMGCAP(1)]

Vanguard Group announced Thursday that it has named F. William McNabb, its president and chief executive officer, to succeed John J. Brennan on Jan. 1 and become the third chairman in the firm's history.

MarketRiders, for example, allows individual investors to type in their age, time horizon, investment experience and risk tolerance, and then sit back while a computer algorithm analyzes the information and tells them what to buy and sell.

Disenchanted with mutual funds, some investors are turning to a pair of online registered investment advisory firms to create managed accounts that mimic the investments of preselected managers.

With many of the larger integrations from its Merrill Lynch acquisition complete, Bank of America Corp. can now take advantage of some subtler cross-selling opportunities, starting with retirement planning.

New York Life Investments is expanding its lineup of stand-alone, stable-value offerings by adding products and increasing distribution to include third-party channels.

Investors are changing their lifestyles, and some are delaying retirement as a result of the financial crisis, according to a study released Tuesday by the Financial Planning Association.

Assets held in exchange-traded funds increased 7.3%, to $739 billion, in November from a month earlier, according to data released Tuesday by State Street Global Advisors.

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.