Wealth management

Fidelity Investments is to offer its retail investors access to initial public offerings and follow-on deals underwritten by Deutsche Bank AG, in a move to offer clients more opportunities.

Asset International Inc. of Stamford, Conn., has bought Strategic Insight for an undisclosed sum.

A firm that manages assets for community bank trust departments is gearing up for what its executives call a big growth opportunity with smaller banks.

In deciding to retire its year-old discount financial advice platform, Citigroup says it can generate more assets by cross-selling wealth management products through a single brand.

UBS's U.S. brokerage business has stopped selling exchange-traded funds that use leverage because the products do not conform to its emphasis on long-term investing.

BlackRock announced that it is launching a fund to enable small investors to buy bank assets tied to distressed commercial and residential nonagency mortgage-backed securities through the Treasury Department's Public-Private Investment Program.

Now that Putnam Investments has reduced fees to keep up with larger competitors, the looming questions are whether other midsize fund companies will be compelled to do the same (odds are, yes) and whether this will work (early predictions say no).

Target-date funds continue to face heat from regulators and investors as the debate continues on the level of equity exposure retirees should maintain.

Invesco's 2Q earnings fell 54% on declines in revenue and assets under management as inflows slowed from earlier this year during a general slump in cash to money market funds.

Greenhill & Co. Inc., an independent New York investment bank, announced Monday that it had hired Samuel L. Ginn as a senior adviser.

Evercore Partners Inc. has hired Mark H. Burton as a senior managing director in its advisory business.

Bank of America Merrill Lynch announced Monday that it had added four electronic options algorithms to its algorithmic trading platform.

A three-year acquisition spree has helped Northeast Bancorp in Lewiston, Maine, significantly increase its insurance sales.

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Wilmington Trust may have to make some tough choices soon, but its chairman and CEO Ted T. Cecala is doing all he can to deflect speculation that it has reached a crossroads.

Pacific Investment Management plans to open its first actively run ETFs as it seeks to catch up with rivals in this segment of the mutual fund business.

Though many financial firms stopped introducing variable annuity products in the past year, MetLife took another course: It launched a simplified version ...

FundQuest, a provider of managed accounts, has adjusted its recommended allocation to include three additional alternative asset classes on its open architecture platform for advisers: commodities, hedge-style funds and international bond funds.