Matt Ackermann

Sean M. Healey, AMG’s president and chief executive officer said the acquisition was made because private equity is an “extraordinarily attractive sector” during the current market cycle.

Bank of America Corp. expects to grow its 401(k) assets this year, but analysts say it could be difficult to generate additional 401(k) business because employers are reticent to change providers.

WisdomTree Investments Inc.’s top executives said the company remains focused on adding products, though it isn’t immune to a possible takeover.

Morningstar said that Footnoted’s free site “has become a must-read for professional money managers and analysts, as well as sophisticated individual investors.”

The San Antonio registered investment advisor plans to continue developing its own mutual funds, but will consider acquiring to enter the ETF space.

RBS Wealth Management announced that its chief executive officer, John Baines, will resign at the end of the month “to pursue other interests.”

The settlements with Securities and Exchange Commission, the Massachusetts Attorney General and the Massachusetts Securities Division of the Office of the Secretary of State resolves investigations into losses from certain active fixed-income strategies managed by State Street Global Advisors.

The Simsbury, Conn., company will work with a national network of nearly 200 third-party administrators that sell such retirement plans to nonprofit healthcare, charitable, educational and religious organizations.

Consumer confidence dropped 32.4% in February from a month earlier, according to the RBC Consumer Attitudes and Spending by Household Index.

The Boston-based fund company announced Tuesday that it planned to cut commissions to $7.95 per trade as of March 15.

Analysts say the insurance giant would be foolish not to be opportunistic.

Some analysts said that its latest deal for a unit of PNC is clearly a defensive move to box out Northern Trust Corp. from becoming a top competitor in asset servicing.

Affiliated Managers Group Inc. [AMG] announced Monday it bought a stake in a London fund manager as the Boston company continues to look to expand internationally.

The Rydex SGI AdvisorBenchmarking rose 3% to 109.68 from a month earlier. This is a 27% improvement from where the index stood a year ago.

Despite the trend over the past three years at many large money managers to divest and focus on core businesses, Invesco Ltd. retained its trust unit, Atlantic Trust. And the decision continues to pay handsome dividends.

The insurer sees real opportunity in the Midwest and California.

With more of these products being introduced, competition will increase.

Don’t expect any dramatic moves from the Baltimore money manager.

One silver lining was the firm’s wealth advisory group.

The online brokerage company wants to add longer-term retirement customers and wealthier clients to its base of day traders.