Archive for Wealth Management

MyFi Repackaging Highlights Issues for Citi, Wealth Field

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.

Infographic: CD Watch

Putnam to Slice Fees; Peers May Soon Follow Suit

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 …

UBS Arm Halts Sale of Leveraged ETFs

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 to Offer Fund Tied to PPIP

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 …

Target-Date Funds’ Slide Prompts Debate on Rules

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

Buyouts Speed Maine Bank’s Growth in Insurance Sales

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

Invesco’s 2Q Profit Down 54%

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 …

B of A Adds Options Algorithms

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

Burton Moves to Evercore

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

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