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After hiring a U.S. fine art specialist from the gallery world, the Swiss wirehouse is doubling down on its art-world connections to attract ultrarich Americans.

Citigroup didn't admit any wrongdoing in its settlement of allegations by regulators that employees denied credit cards to people in Southern California suspected of being of Armenian origin.

The bank has seen its balance sheet swell in recent years and this quarter could become the first U.S. bank to reach the $4 trillion mark. Analysts credit it as a well-run institution, but the megabank's growth is sure to play into ongoing debates over big-bank capital rules and "too big to fail."

With interest rates likely to level off, wealth managers who leave their clients in cash could miss out substantial long-term gains.

Shorts and inverse funds dominate Morningstar's bottom 10, taking the successes of the past decade and putting them in reverse.

Marshall Butler is president of Belvedere Advisory.

Jamie Pabst is the Founder and CEO of Spiritune, an evidence-based therapeutic music app that supports emotional and cognitive health. Jamie is devoted to expanding the uses of music to treat a broad range of mental health conditions and help everyone benefit from the therapeutic power of music. She is also a DJ and sees DJing as a real-time example of music's ability to shift the energy and mood of an environment.

Alec McLaurin is head of product partnerships at Codat.

Collective investment trusts, also known as collective investment funds, carry advantages that come with certain caveats and restrictions, according to experts.