Wealth management startup SigFig secures $50 million round led by General Atlantic

Wealth management startup SigFig secures $50 million round led by General Atlantic

NEW YORK (Reuters) - SigFig, a San Francisco-based startup that provides wealth management technology to financial companies, has raised $50 million from investors, it said on Tuesday.

Wells Fargo mulls combining wealth management divisions

(Reuters) - Wells Fargo & Co said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two legacy units.

Exclusive: Ackman's hedge funds gain after years of losses, Chipotle helps

BOSTON (Reuters) - William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire investor after three years of losses.

In 'world of two halves' funds buy U.S. stocks, exit Europe: BAML

LONDON (Reuters) - Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week of inflows, Bank of America Merrill Lynch said on Friday.

Merrill Lynch reviewing ban on commissions-paying retirement accounts

NEW YORK (Reuters) - The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new retirement accounts that paid them commissions, according to a source familiar with the situation.

Wells Fargo receives final approval to settle $142 million lawsuit

(Reuters) - Wells Fargo & Co said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a sales scandal related to phony bank accounts.

Italy court rules it cannot hear Morgan Stanley derivatives case

ROME (Reuters) - An Italian administrative court has ruled that it cannot hear a case over derivatives brought against Morgan Stanley that included a request for 2.7 billion euros ($3.1 billion) in damages from the U.S. investment bank.

World's rich grow richer as bull markets roar on: study

ZURICH (Reuters) - The pool of money held by the world's wealthiest people grew by 12 percent last year to nearly $202 trillion as bull markets and the dollar's weakening against most major currencies boosted global fortunes, an international advisory firm's study released on Thursday said.

U.S. fund investors pull nearly $10 billion from stocks in week: Lipper

NEW YORK (Reuters) - U.S. fund investors snatched $9.7 billion out of stocks during the latest week, marking the largest withdrawals since early April, according to Lipper data on Thursday.

U.S. Medicare expands offer to reverse late enrollment penalties

You sign up for an Affordable Care Act (ACA) marketplace exchange health policy sometime before you turn 65 - and then you mistakenly stay there past age 65, when by law you need to switch to Medicare. That results in costly lifetime late-enrollment penalties on your Medicare premiums.

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