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The company saw assets under management increase 19% from a year earlier to $1.047 trillion, but fell 5.2% from the previous quarter because of stock market declines. Fee revenue rose 1.8% to $2.56 billion.

Two new Standard & Poor’s indexes tracking municipal bonds launched yesterday, paving the way for Vanguard to enter the municipal exchange-traded fund business.

Comerica Bank has asked Dennis Johnson, a 30-year industry veteran, to assist in developing investment strategies for its asset management division.

In five years as comptroller of the currency, John Dugan did not draw the limelight shined on other regulators. But as he gets ready to depart, there is no shortage of opinions on his tenure.

Fidelity International portfolio manager Anthony Bolton continues to believe in China - in both good times and bad. The manager of the closed-end Fidelity China Special Situations Fund, who came out of less than two years in retirement at the end of 2009 to pick up the China baton once again, addresses the world economy and China's role in that in today's Wall Street Journal.

Bank of America Merrill Lynch's expansion of its retirement services business is picking up momentum.

The price of the deal, which is expected to close later this year, was not disclosed. When the deal is completed, LaCrosse would have more than $21 billion in assets under administration and more than 250 employees.

The company has snatched two more advisors from Morgan Stanley Smith Barney.

Average fee and commission production drops 22% from April, which benefited from fee accounts’ quarterly payment schedule.

Despite investor concerns about a global economic recovery, BlackRock's Bob Doll and Deutsche Bank's Ben Pace are optimistic.

Every time you think you've got a handle on how to manage and benchmark the performance of the funds you invest, markets blow up and you have to start all over again.

JPMorgan Asset Management has named George Gatch, currently CEO of its mutual funds business, as the new head of investment management services for the U.S. and Canada. He is effectively replacing Eve Guernsey, who is retiring, the firm confirmed Monday.

No fund manager likes to fail in his or her trading strategies. It's bad for business.

Municipal bond mutual funds’ assets climbed to a new record total as they continue to command new money from investors in spite of low yields and a nonstop wave of bad headlines in the mainstream press over state and local government credit.

Goldman’s settlement with the U.S. government comforted some Wall Street analysts who track the bank on Friday and news of the settlement spurred at least one of them to change their outlook on the company.

It has only been a few months since CEO Vikram Pandit started referring to the company as "America's global bank," and already the numbers are cooperating with the image.

Bank of America raised almost all the same questions as its fellow megabanks did last week and got no closer to resolving them.

Despite investor concerns about a global economic recovery, BlackRock’s Bob Doll and Deutsche Bank’s Ben Pace are optimistic.

July 22 - PennNYC Event: Midsummer Soiree With MIT & Yale - 6:30 p.m. - 9:30 p.m. The Highbar, 251 West 48th Street (between Broadway and Eighth Avenue, closer to 8th). RSVP: Marjoree.Chee.c02@alumni.upenn.edu More information: http://www.pennnyc.org/article.html?aid=361&nl=106

Target-date funds are more likely to be used by younger retirement plan participants who have lower account balances and have been at their jobs for less time, according to a study released Thursday by the Employee Benefit Research Institute.