Portfolio

Independent wealth management firm Gresham Partners hopes that Bonaguidi’s experience and contacts within the company will enhance their wealth planning strategies.

A boost in United States and global equity markets led in January to a 1.7% increase in the funded status of the typical U.S. corporate pension plan, according to a newly released report from BNY Mellon Asset Management.

S&P Capital IQ said it acquired R2 Financial Technologies, a Toronto-based developer of risk and scenario analysis software.

LCH.Clearnet Group said its operating profit increased 81 percent in 2011, to 106.9 million euros. Underlying operating profit was 335.0 million in 2010.

The Dow Jones Industrial Average fought its way to a 6.51-point gain Thursday, raising the index to its highest level since May 2008 at 12,890.46.

Thanks to this strong yearly start in stocks, the typical plan’s funded status reached 74.1%, according to BNY Mellon Asset Management.

At the end of last year’s fourth quarter, the average 401(k) balance was up almost 8% from the prior quarter, to $69,100. Fidelity Investments president of workplace investing, James M. MacDonald, called these results “encouraging.”

A recent MFS Investment Management survey reveals that the past few years of economic uncertainty continue to take their toll on younger investors’ confidence in their retirement plans.

Credit Suisse said its Wealth Management clients contributed net new assets of $4.4 billion in the fourth quarter, even as its investment banking business took a steep plunge that led to a loss for the company as a whole.

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