Special Program Root Tag

Bank of America Merill Lynch has just announced that David Tyrie will be the latest addition to its advisoe force. He will lead the personal retirement solutions business. He will report directly to Andy Sieg, head of retirement and philanthropic services division.

Pennsylvania regulators have filed civil complaints against TD Ameritrade over its sale of the Reserve Yield Plus fund and auction-rate securities to investors across the nation.

The euro zone doesn’t look as scary today as it did a few months ago. It’s not that austerity measures are fully developed. It’s not that the stress test convinced everyone that the banks are sound. It’s not that the bailout is filled with shock and awe.

The tough luck drags on for workers at America's biggest corporations - when it comes to their 401(k) match.

The Securities Industry and Financial Markets Association (SIFMA) said it supported changes in Securities and Exchange Commission rules that would improve disclosure and reporting on asset-backed securities.

Online financial management tools may have caught the attention of younger investors in a way that the mutual fund supermarkets of the 1990s took invesors of all ages by storm - but a recent survey by Capstrat-Public Policy Polling suggests the Internet is a long way from gaining everyone else's trust.

Saving money is back in fashion, and banks are taking notice.

When presented with a choice of six ways to fix Social Security, Americans are looking to the rich to fix the system, according to a survey conducted by USA Today and the Gallup Poll.

UBS Wealth Management Americas hired two executives from Goldman Sachs and Bank of America Merrill Lynch to oversee mortgages and other loan options for affluent clients.

The Securities and Exchange Commission wants mutual funds, exchange-traded funds and other registered investment companies to improve how they disclose their use of derivative contracts in their registration statements, shareholder reports and financial statements.

The Securities and Exchange Commission on Tuesday asked the financial services industry to comment over the next 30 days on whether there should be different sets of rules for broker-dealers and investment advisors vis-à-vis personalized investment advice to retail investors.

Bernie Madoff and financiers of his ilk have changed the landscape for hedge fund managers forever.

Managers of startup hedge funds who think they won't have to register with regulators because of their size had better think again.

Bank of America Corp. announced Tuesday it hired Lisa Shalett as chief investment officer of Merrill Lynch Global Wealth Management and head of investment management and guidance.

Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

Regulators want it. Investors may want it more.

More than 8,500 mutual funds operate in the United States, sending out more than 350 million prospectuses each year on the investment purpose, contents and performance of their portfolios, by one estimate of the Securities and Exchange Commission. Average size: About 52 pages, each.

Fund Fees: The Journal's "Fund Track" column said a proposal to limit and shed more light on 12b-1 distribution fees for mutual-funds could have an unintended consequence: making investment advice unaffordable for smaller investors.

High yield bond funds took in nearly $1 billion for the week ending July 28 for the third-largest weekly inflow of the year, according to a report published by Lipper FMI.

Following the SEC's unanimous vote to shed light on 12b-1 fees, the consumer press is now running with the story. An Associated Press story over the weekend provides something of a "crib sheet" on how the fees were first instituted in 1980, and how much investors are unwittingly paying for the services these fees cover.