Portfolio

A three hour pause in trading is “not going to be that big of a deal” for investors, Stifel’s chairman and CEO Ron Kruszewski says.

Independent wealth management firm Banyan Partners is nearly doubling its assets under management to $4 billion by acquiring two firms simultaneously.

Edward Gjertsen II, vice president of Mack Investment Securities in Glenview, Ill,. has been named FPA president-elect by the organizations’ board of directors. Gjertsen’s one-year term as president-elect begins on January 1, 2014.

Bloomberg -- It’s a mistake for investors to be focusing on fixed income, according to Joseph L. Hooley, chief executive officer of Boston-based State Street Corp.

Independent wealth management firm Banyan Partners is nearly doubling its assets under management to $4 billion by acquiring two firms simultaneously.

It’s a mistake for investors to be focusing on fixed income, according to Joseph L. Hooley, chief executive officer of Boston-based State Street Corp.

Federal Reserve policy makers were briefed last month on the potential for establishing an additional tool to aid them when they eventually seek to lift interest rates and tighten monetary policy.

The estate is arguing that a tax bill calculated by the IRS overvalued assets including real estate, a Bentley automobile and the late singer’s “image and likeness.”

Mellon Capital Management, a multi-asset manager for BNY Mellon, has become a signatory to the United Nations-Backed Principles for Responsible Investment (UN PRI), emphasizing its dedication to incorporating environmental, social and governance (ESG) issues into its investment program.

Raymond James is ramping up its pitch to attract independent advisors by opening up access to alternative investments.