Wealth management

Illinois lawmakers chose a new speaker this week after a lame-duck session that could add to Chicago's and the state's budget strains.

These 20 mutual funds and ETFs here are home to roughly $45 billion in assets.

The top 20 more than doubled the gains of their fixed-income industry peers.

Bel Air Investment Advisors is Hightower's 14th and largest acquisition in a year, with $8 billion of assets under management including $2.8 billion of municipals.

Sheila Patel, chairman of Goldman Sachs Group Inc.’s asset-management unit, is leaving the $1.8 trillion division.

The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem.

Innovation is key in today's dynamic market. Suni Harford, president, asset management at UBS walks us through two significant innovations she drove in the asset management industry this year — including a ground-breaking approach to climate change and sustainable investing.

The former Philadelphia City Council CFO will advise public sector leaders on how to address the financial and economic crisis caused by COVID-19.

Financial advisors in the municipal bond market accounted for $281.23 billion so far in 2020, more than the $225.54 billion in the first nine months of 2019. The top three spots remained the same, followed by some changes in the rankings from last year.

New revenue from a graduated tax without an accompanying long-term plan to tackle the state's fiscal woes won't solve them, the Civic Committee of the Commercial Club of Chicago warns.

Treasurer Deborah Goldberg and the commonwealth's Pension Reserves Investment Management board look to improve measurement of environmental, social and governance data.

Siddharth Singhai, chief investment officer at IronHold Capital, explores how pension funds can choose better money managers. Paul Burton hosts. (16 min.)

Despite market volatility, the North Carolina Retirement Systems reported second quarter assets were valued higher than before the state’s COVID-19 shutdown.

The coronavirus is adding to strains bearing down on the city that serves as home to Southern Illinois University's flagship campus.

Colorado's decision to withhold pension funding brings a warning from Moody's.

Casino tax legislation is “credit positive” for the city, Moody's said; Fitch downgraded ratings for Chicago water, sewer and school district revenue bonds.

Nationwide lockdowns forced banks to close brick and mortar outlets and rely heavily on drive up windows, mobile and online access. BBVA has proven that even in the middle of crisis and chaos, retail still fits into the banks overall strategy.

Several California cities are cutting police budgets, and shifting non-violent 911 calls to mental health workers.

Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

Chicago’s net pension liabilities rose to $31.8 billion in 2019 from $30.1 billion.