News Feed

Deutsche Bank's wealth management unit has recruited former-Barclays advisor Chris Guttilla.

Almost three in four affluent millennials have assets in online brokerage accounts, while only 67% have assets in a defined contribution plan.

The decline was partly due to weather-related events that lowered customer activity across the board, the bank’s CFO said during an earnings call.

While investors fled U.S. equities last week, they put record money into a market they have shunned for most of the past four years: Spain.

KeyCorp offset lower revenue with cost cutting last quarter.

Morgan Stanley Wealth Management's profits were up for the first quarter, following strong growth in fee-based assets and interest income. Overall, the bank's profits grew to $1.5 billion in the first quarter of 2014.

The iShares MSCI Emerging Markets Index rebounded from a four-week low after data showing a slowdown in China’s expansion bolstered speculation the government will take further steps to stimulate economic growth.

New York Attorney General Eric Schneiderman sent subpoenas to six high-frequency trading firms seeking information about special arrangements they have with exchanges and dark pools as well as their trading strategies, according to a person familiar with the matter.

When advisors get creative, overlooked assets can yield tax savings and unexpected cash.

Longer lifespans mean a big shift in planning -- particularly for female clients.