Portfolio

The FINRA Investor Education Foundation issued a new research report-Financial Fraud and Fraud Susceptibility in the United States-which reveals that over 80% of respondents have been solicited to participate in potentially fraudulent schemes, and over 40% of those surveyed cannot identify some classic red flags of fraud.

Fidelity Investments opened its new regional office near Denver with a ceremonial ribbon-cutting event attended by Governor John Hickenlooper; Mayor Pro Tem of Greenwood Village Gary Kramer; representatives from the local business and nonprofit communities; and Fidelity executives and associates.

New hires bolster the firm's recruiting and succession planning units.

Today Blackstone hosts its inaugural Veterans Hiring Summit to support the hiring of American veterans across its portfolio companies. In support of the White House’s “Joining Forces” initiative, in April Blackstone committed to hire 50,000 American veterans across its portfolio of 78 companies over the next five years.

BNY Mellon Wealth Management’s recruiting campaign is in full swing. The wealth manager recently hired two senior directors of business development, the latest in a flurry of hires to boost its sales force by 50% by the end of 2014.

Executives at mutual fund companies, asset management companies and support providers rated client reporting--which included any reporting that is created for the purpose of distribution to clients--as their top challenge followed closely by risk management in Money Management Executive's third annual Operations Survey.

Goldman Sachs will replace Bank of America Corp., Visa will replace Hewlett-Packard and Nike will replace Alcoa in the Dow Jones Industrial Average (DJIA) after the close of trading on Friday, September 20.

How to do more with less? It is a key challenge facing all investment management industry participants, as they strive to deliver outstanding customer service while wrestling with intensifying regulatory demands, and the need to manage risks and control costs.

Heartland Funds is taking a fresh approach to registered investment advisor distribution, utilizing social media, video technology and an advisory council to better support advisors. These tools help the firm more efficiently use its resources to find out what advisors want and then tailor a support strategy based on this feedbac

John Roth, manager of Fidelity Investment's New Millennium Fund, opens up to MME about the tensions between active and passive management, hard lessons learned during the financial crisis of 2008, and the biggest challenges he sees ahead.