Practice

Bank of America Merrill Lynch's expansion of its retirement services business is picking up momentum.

The company has snatched two more advisors from Morgan Stanley Smith Barney.

No fund manager likes to fail in his or her trading strategies. It's bad for business.

Goldman’s settlement with the U.S. government comforted some Wall Street analysts who track the bank on Friday and news of the settlement spurred at least one of them to change their outlook on the company.

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The trend towards younger target-date fund participants is due to the fact that new employees are more likely to be automatically enrolled in their employer’s 401(k) plan, where target-date funds are often the default option, the study said.

June hires turn positive thanks to aggressive recruiting in all positions by the industry’s largest firms.

The DOL issued an interim final rule on 401(k) plan fee disclosure early Thursday.

The Securities and Exchange Commission said Thursday that Goldman Sachs agreed to pay $550 million and reform its business practices to settle charges that the securities firm misled investors in a subprime mortgage product

Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.