Wealth management

Gov. J.B. Pritzker unveiled a $42 billion general fund budget for fiscal 2020.

The state's lookback at gambling revenues since 2012 comes as a large-scale expansion looms.

Three of the biggest New York City pension funds have selected advisors to help divest from fossil fuels.

Assets in the so-called Smart Plan have risen to $10.06 billion as of Dec. 30 from $4.5 billion in 2009, said state Treasurer Deborah Goldberg.

With the addition of two new municipal funds, Baird appeals to more shareholders while expanding its current offerings.

The two firms hope the more formal union will pave the way for an expansion of products and services and the speed by which they go to clients.

The state will pool the assets of 650 public safety pension funds outside Chicago into two new funds: one for police and one for firefighters.

David Hammer, vice president and head of municipal bond portfolio management at PIMCO, discusses munis' historic year in terms of performance and inflows and breaks down what makes muni so attractive. This podcast, recorded in September, is hosted by Aaron Weitzman.

The Illinois city faces garnishment of state funds to make up for pension shortfalls, threatening its ability to deliver core services, Moody's said.

Illinois lawmakers wrapped up the first half of their annual fall veto session leaving tough legislation for the second half, beginning Nov. 12.

J.B. Pritzker wants lawmakers to pool the assets of hundreds of local public safety pension funds outside Chicago into two statewide funds.

Axxcess Platform announced Tuesday it will deliver portfolio management technology to HJ Sims.

The continued low interest rate environment is compelling more cities to explore issuing the bonds.

Vice President, Manager of Municipal Underwriting, Fidelity Capital Markets

Head of Municipal Credit Research, Whitehaven Asset Management

After a short-lived retirement, Lyle Fitterer will join Baird Advisors as co-head the municipal investment team at the Milwaukee-based asset manager.

Researchers found many pension plans have already taken significant steps to assure their long-term sustainabilty.

JPMorgan Asset Management aims to help financial advisors manage interest risk and duration in their portfolios.

Mary Francoeur of PFM Financial Advisors passed out the awards during the annual NFMA conference in Charleston, South Carolina.

The Pritzker administration says it can now afford to make the full originally scheduled pension contribution without re-amortizing the funding timetable.