Portfolio

Fidelity Appoints Pam Holding CIO for Institutional Unit Pyramis

Rolling redemptions offer reinvestment opportunities in longer-term, presumably higher-yielding bonds.

The firm has added a Florida-based team with over $1 billion in client assets to its independent channel.

Mariner Wealth has jumped into the burgeoning space recently abandoned by LPL’s NestWise.

The world’s most profitable securities firm before the financial crisis said earnings were little changed as the bank cut costs in response to a 20% drop in revenue.

The passage last night by wide margins -- an 81-18 vote in the Democratic-led Senate, followed by a 285-144 vote in the Republican-controlled House -- allows the U.S. to avoid default and ends the shutdown that began Oct. 1 and has taken $24 billion out of the U.S. economy.

Morgan Stanley Funds Join Rivals in Shunning Some Treasuries

Vanguard Combines Similar Funds to Simplify Lineup for Investors

Money-Market Fund Withdrawals Accelerate as Debt Cap Approaches

BlackRock Profit Rises 14% as Investors Deposit $25 Billion