Wealth management

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.

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

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.

Bank of New York Mellon Corp. and Northern Trust Corp. plan to focus on internal growth until economic conditions steady rather than match some of their competitors' avid search for acquisitions.

Northern Trust Corp. announced Tuesday that its chairman, William A. Osborn, plans to step down on Nov. 11.

State Street was the first trust bank to present 2Q earnings, and its chairman and CEO Ronald Logue set the stage for the rest of the industry by sketching out ...

Lehman Brothers Holdings Inc. is seeking bankruptcy-court approval to pump up to $950 million into its struggling Delaware banking subsidiary so it can pay off more than a half-billion dollars worth of brokered certificates of deposit set to come due next month.

Citigroup has tapped Ian Maynard from Nomura International for its prime brokerage arm, the business that provides lending, clearing and settlement services to hedge funds, a source close to the situation has confirmed to Investment Dealers' Digest.

Being a certified public accountant helps Rhonda Arnett in her work as a Primevest adviser at Columbia State Bank in Tacoma. It's especially helpful for the wealthy clients she now serves as a partner to private and commercial bankers.

Wilmington Trust Corp. announced Friday that it expects to report lower-than-anticipated second-quarter results.