Portfolio

Pimco Unconstrained Bond Fund, one of the firm’s most important offerings as clients turn away from traditional fixed-income products, overhauled its investments in the fourth quarter, when Bill Gross replaced Chris Dialynas as manager of the $25.6 billion fund.

Pimco Unconstrained Bond Fund, one of the firm’s most important offerings as clients turn away from traditional fixed-income products, overhauled its investments in the fourth quarter, when Bill Gross replaced Chris Dialynas as manager of the $25.6 billion fund.

Credit Suisse Group, which runs Asia's third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.

'The average deal was a $1 billion or more RIA buying a mid- or smaller-size firm, a classic tuck-in,' says Jonathan Beatty of Schwab Advisor Services.

Bank executives expect to boost revenue from their wealth management practices 25% or more in the next five years, with some anticipating a 35% contribution to total bank revenue.

HNW clients face steep income and estate tax in some states, so a legal move to tax-friendlier territory can pay off.

"We're seeing more inquiries like this," says Dynasty president and CEO Shirl Penney. "As the opportunity presents itself, we think more teams will see the advantage of joining to achieve scale, size and get more bang for their buck."

HNW clients face steep income and estate tax in some states, so a legal move to tax-friendlier territory can pay off.

“Executives today don’t want a higher position so much as a broader position," says Kathy Freeman. "They want to be stretched and challenged, and they want an opportunity to grow."

Redemptions from Bill Gross's Pimco Total Return Fund slowed to a 10-month low in February, the first month after the resignation of CEO Mohamed El-Erian.