Portfolio

The pace of mergers and acquisitions in the asset management industry is expected to pick up for the rest of this year both nationally and globally after tumbling in the first quarter.

While 45% of pre-retirees say they expect to rely on 401(k) plans or individual retirement accounts to fund their retirements, the number is shrinking, according to a new Gallup poll.

ProShares has launched four new exchange-traded funds that seek to provide 200% of the daily return of their respective indexes.

The Insured Retirement Institute on Thursday sent a “broad, comprehensive” response to the request for information on lifetime income that the U.S. Departments of Treasury and Labor recently issued.

Investor confidence among millionaires rose to its highest level in more than two years as optimism about the economy increased.

Retirement and uninsured medical expenses are the most pressing financial concerns for Americans, according to a survey conducted for the American Institute of CPAs by Harris Interactive.

WASHINGTON—Although some of the “most profound” proposals in regulatory reform made during the wake of the economic collapse are now not likely to happen, Richard Ketchum, chairman and CEO of the Financial Industry Regulatory Authority said Thursday that the financial services industry still has a responsibility to act aggressively at detecting fraud before it’s cleaning up the mess at the end.

States will likely face rising costs due to federal health care reform over the long term, Moody’s Investors Service said in a report released this week.

A federal judge in Manhattan has ruled that a group of 11 California localities, including Los Angeles, may go forward with their civil cases against Goldman, Sachs & Co., Citigroup, and several other high-profile firms because they may have participated in an alleged conspiracy to rig bids for municipal investment contracts and derivatives.