Portfolio

Here’s a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.

BlackRock’s Rieder Favors Junk, CMBS as Fed Prepares Taper

Gross Says Icahn Should Leave Apple Alone and Help People

Weitz to Yacktman Hoard Cash as Value Managers Find Few Bargains

The SEC is conducting nationwide, "limited scope examinations" of certain mutual funds that invest in Puerto Rico securities, according to a document obtained by The Bond Buyer and knowledgeable sources.

Fidelity Investments, the second- biggest mutual-fund provider, has opened the cheapest lineup of single-industry exchange-traded funds as it seeks to break into a market dominated by Vanguard Group Inc. and BlackRock Inc.

The most important reason to engage in pro bono work is to help those who are in need of free advice. But pro bono work can also pay off in other ways.

A renewed federal emphasis on financial literacy education could have an ancillary payoff for the financial planning profession: more new planners.

Clients often walk in the door with an idea about how they’d like to leave their assets. It’s an advisor’s job to help them understand issues they may not have considered.

Job insecurity has focused attention on the need for emergency cash.