The business could fetch as much as $1 billion, sources say.
Move comes as the bank aims to cut costs by $4 billion
Both already use iCapital's technology to offer alternative investments like hedge funds and private equity to high-net-worth investors.
The retailing juggernaut has used data to drive better decisions, and 401(k) advisers should follow suit
Trade tensions and the prospect of the U.S. economy overheating could limit any upside in stocks.
The bank has also suspended fees on some wealth management assets and accounts after finding it charged some clients incorrectly
Two ETFs that invest in Treasury bills drew a combined $1.5 billion last week.
Growth managers did the worst, while value managers managed a better showing.
Experts say rally of the last three days propelled by buyback of ETFs and stocks.
Growth managers fared the worst, with only 13% beating benchmark for October.
