Portfolio

Bloomberg -- It’s a mistake for investors to be focusing on fixed income, according to Joseph L. Hooley, chief executive officer of Boston-based State Street Corp.

Independent wealth management firm Banyan Partners is nearly doubling its assets under management to $4 billion by acquiring two firms simultaneously.

It’s a mistake for investors to be focusing on fixed income, according to Joseph L. Hooley, chief executive officer of Boston-based State Street Corp.

Federal Reserve policy makers were briefed last month on the potential for establishing an additional tool to aid them when they eventually seek to lift interest rates and tighten monetary policy.

The estate is arguing that a tax bill calculated by the IRS overvalued assets including real estate, a Bentley automobile and the late singer’s “image and likeness.”

Mellon Capital Management, a multi-asset manager for BNY Mellon, has become a signatory to the United Nations-Backed Principles for Responsible Investment (UN PRI), emphasizing its dedication to incorporating environmental, social and governance (ESG) issues into its investment program.

Raymond James is ramping up its pitch to attract independent advisors by opening up access to alternative investments.

The fact that clients don’t always divulge all their personal financial information to their financial advisors comes as no surprise. The questions that need to be answered, however, are: how many clients, what is being withheld and why are they so secretive?

Small business owners are feeling more confident even as the economy struggles to return to a more robust level of growth.

RIAs have a new top cop in Washington.