Lorie Konish

Baby boomers are bucking the trends of generations before them, according to research released this week from Bank of America Merrill Lynch. When it comes to what they will pass on, 72% cite values and life lessons as most important, while just 32% said financial and real estate assets.

When it comes to accessing information on financial investments, most young investors turn to traditional media, according to a recent survey.

Auto-enrollment and –increase features continue to see success in defined contribution plans, reports Bank of America Merrill Lynch, which serves 2.5 million plan participants.

Even as market uncertainty persists, employees using Bank of America Merrill Lynch’s automatic 401(k) features are showing they want to stay the course.

As more women are becoming the primary breadwinner in their households, a survey finds that financial advisers can make their futures feel safer and more informed.

Even as market uncertainty persists, employees using Bank of America Merrill Lynch's automatic 401(k) savings plans are showing they want to stay the course when it comes to positive savings behavior, according to the firm's latest quarterly data.

Bank of America Merrill Lynch says that more retirement sponsors are pushing auto-enrollment and other features with proven success at getting employees to save.

More executives of U.S. companies are concerned with reducing the cost of employee benefits excluding health care, according to a new report released by Prudential Financial and CFO Research services last week.

Richard H. Thaler, a professor of behavioral science and economics at the University of Chicago Booth School of Business and co-author of the best selling book Nudge, set out to with a former student to investigate their hunch that teams overvalue picking early and pay too much for top draft picks, including trading other picks.

A key difference between prosperous and low-performing financial advisers is how they price their business, a new report from Toronto-based wealth management research company PriceMetrix finds.

Even before the events surrounding the U.S. debt ceiling deal and downgrade, affluent investors’ concerns about how long their retirement assets will last was rising, according to a new Bank of America Merrill Lynch survey conducted in June.

Financial advisers are losing an average of $20,000 in fees for not pricing their fee-based businesses competitively enough, according to a new survey from Toronto-based software firm PriceMetrix Inc.

Retirement plan participants using an online tool save at an average rate of 39% higher than other plan participants, according to a study by Principal Financial Group of its clients.

More Americans plan to consider financial resolutions when the clock strikes midnight on Dec. 31, a new Fidelity Investments survey finds.