Wealth management

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.

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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.

Continuing its move out of the financial crisis and into consolidation mode, State Street said it had agreed to buy a European fund administrator to expand its alternative servicing capabilities.

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As investors begin to regain their confidence in the market, experts offer some guidance on building a smarter portfolio. It's time to give the old rules some new twists.

Connecticut plans to join Ohio in suing credit rating companies for "negligent, reckless and incompetent work" in grading debt purchased by state pension funds, according to Attorney General Richard Blumenthal.

JPMorgan Chase & Co., Pacific Investment Management Co. and smaller firms are inundated with money from individuals attempting to mimic the performance of hedge funds on speculation that the stock market rally is over.

UBS AG and Ernst & Young LLP may face hundreds of damages claims if investors who lost millions of dollars in mutual funds linked to Bernard Madoff's Ponzi scheme win a group of Luxembourg test cases.

The number of global corporate debit issuers poised for downgrades fell to 869 in November from 890 a month earlier, according to Standard & Poor's.