“As we’ve gone through various crises, we’ve still told clients to stay invested and not get out of U.S. equities, it’s too early,” said Sharmin Mossavar-Rahmani, CIO for Goldman’s Private Wealth Management.

Investment banks are increasingly studying the relative positioning of funds that compete with each other to beat benchmarks.

The activity began last Friday when 6.4 million shares hit the tape, fueling a record daily inflow for the fund.

Just five asset managers hold about 80% of the new money added to the municipal-bond market this year.

Several wealth management firms, including Marcus by Goldman Sachs and Wealthfront, have launched banking products to complement their investment services.

The wirehouse’s pipeline for incoming brokers is at a two-year high.

On the wealth management side, Morgan Stanley posted $4.41 billion of revenue, which was 2% higher than last year and blew away analysts’ estimates for a 9% decline.

Dynasty CEO Shirl Penney sees it as an option down the road.

Genstar puts consolidator Mercer Advisors up for sale.

Advisory firms are generating "phenomenal" internal rates of return for PE buyers.