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Arranging fixed income for periodic redemptions can deliver the risk/reward sweet spot.

Arranging fixed income for periodic redemptions can deliver the risk/reward sweet spot.

Consider high-yield muni bond funds to combat a client's fears after the UK's leave vote. Plus, a benefit couples should consider before getting divorced.

CEO Tidjane Thiam, who joined a year ago, is shrinking the investment bank to free up capital for expanding Credit Suisse's wealth management business, cutting thousands of jobs in the process.

Brexit isn't seen having fallout as severe as the 2008 financial crisis, but you wouldn't know it from the rush to safety in the global market for sovereign debt.

There are risks of contagion to other countries, but "it will take a significant amount of time to see how all that unfolds," says Federal Reserve Bank of Dallas President Robert Kaplan.

The firm is of two minds on the issue: It can hire whomever it wants from competitors, but many of its own advisers are off-limits.

The reductions will save current investors about $20 million annually and bring the average expense ratio for the funds to 10.2 basis points.

To build loyalty with the next generation, key steps include hiring younger advisers.

Holdings in gold-backed ETFs rose 7.6 tons to 1,947.9 tons on Wednesday, the highest level since September 2013.