Hellman & Friedman said it would combine Financial Engines with Edelman Financial Services.

Labor Department investigators are also examining whether Well Fargo's retirement-plan services unit pressed account holders to buy in-house funds.

The SEC is pursuing details on a real-estate transaction and other deals involving ABS Capital, which is owned by two former Guggenheim managers.

New York Attorney General Eric Schneiderman said the companies agreed to begin reporting "Active Share," or the percentage of holdings that does not overlap a benchmark index.

Total student loan debt held by people over 60 is $66.7 billion and the average owed is $23,500, according to a 2017 report by the Consumer Financial Protection Bureau.

Bitcoin has become the "lead horse" of risk assets and that its previous plunges have had a cascading effect on other risk assets including equities and high-yield junk bonds, Gundlach says.

UBS is combining the regional teams responsible for managing products and services related to alternative investments, investment mandates and partnerships.

The bank is also under investigation by the Department of Justice regarding sales abuses.

While mutual fund deposits have surged, Fidelity has seen nearly $16 billion in net withdrawals over the past four years. Why? Because it's ramping up risk.

The world's largest asset manager is heavily involved in index investing, managing $1.8 trillion in iShares-brand exchange-traded funds and another $2.4 trillion in non-ETF index funds.