Portfolio

Citigroup, whose U.S. wealth management business oversees about $181 billion in client assets, created a new business to sell products through independent advisors as CEO Jane Fraser maps a path to managing more money for wealthy individuals.

The advisor failed to disclose the low-interest loans he received from a fraudulent crypto securities issuer in exchange for selling the products, investigators say.

The sale of the robo advisor represents a $1.6 billion dollar vote of confidence for all financial advisors, says Riskalyze CEO Aaron Klein.

It's the latest salvo against funds that don't live up to their green do-good claims.

From ultrarich to moderately wealthy, investors looking for outsized gains are being told to buy into the professional funds. There are risks.

There are now 17 participating schools to bring the program to students in more parts of the country.

Moscow's invasion of Ukraine is severely denting the fortunes of oligarchs at home and abroad.

Across the country, banks of all sizes are investing in the wealth business as a way to deepen customer relationships, capture recurring revenues and tap into a massive transfer of wealth from baby boomers to Generation X and millennials. A lot of money is up for grabs, but maybe not enough to go around.

The grandsons lost a bid to force Beverley Schottenstein to negotiate a FINRA award in her favor.

The narrative that you can bootstrap your way to wealth is seriously flawed.