Portfolio

When people are afraid, they cut back on discretionary expenses, which is how most people view estate-planning services, one expert said.

The New York company announced Monday that it has hired a former T. Rowe Price executive to lead its charge in the bank channel.

The law firm of Berman DeValerio has filed a class-action lawsuit against broker/dealer PrimeVest Financial Services and two of its subsidiaries for allegedly overcharging investors nearly $5,000 in sales charges on Class A mutual funds by failing to apply sales breakpoint discounts.

U.S. News Media Group has created an online portal scoring 4,500 funds by integrating the rankings of Morningstar, Lipper, Zacks, TheStreet.com and Standard & Poor’s.

After adding 18 wealth managers in the Southeast in the past five months, Wilmington Trust Corp. plans to continue to expand in the region as it looks to cross-sell more products and services to its existing customers.

Advisors believe many Americans could need double or triple their savings targets.

Less than half of advisors bill for advice on outside accounts.

Fidelity Investments expects its retirement assets to continue to increase this year as both employers and employees become more engaged with 401(k) plans.

Fidelity International has fired two Hong Kong-based fund managers for what it said were breaches of its ethics policy.

Combined assets in the nation's mutual funds decreased by $234.5 billion, or 2.1% to $10.886 trillion in January, according to a survey by the Investment Company Institute.