Portfolio

Little Silver, NJ-based WBI Investments has added two mutual funds to its lineup: the WBI Absolute Return Balanced Plus Fund (WBPNX, WBBPX) and the WBI Absolute Return Dividend Income Fund (WBDNX, WBDIX), bringing the fund family to four funds.

Who are the most productive top program managers? Here’s a ranking of our top program managers by production per advisor. How do you stack up?

BMO Financial Group is branching out its institutional asset management business in Melbourne, Australia, operating as BMO Global Asset Management. The new office will focus on institutional sales.

Check out a new look at our top bank program managers list, reshuffled and ranked by percentage increase in team production.

The new offerings bring the total number of Merrill Edge Select Portfolios to 12—the original 10 are primarily focused on total return.

The RiverPark/Wedgewood Fund (RWGFX, RWGIX), a focused large cap, open-end growth reached a milestone this week in hitting the $1 billion in assets under management mark.

Artisan Partners has launched a new active equity fund, Artisan Global Small Cap Fund (ARTWX), which will bet on small-cap stocks without regional contraints.

“It's a pretty big issue for us,” said Daniel Sibears, FINRA executive vice president for member regulation. “There are many dozens of complaints where there's been [a] compromise of customer information, particularly information that is needed to get into online accounts and to execute transactions and move money.”

Investors remain wary of the financial sector, which is bad news for advisors. But by examining the best practices of successful advisors, we can all learn valuable lessons about how to strengthen trust and build greater public confidence.

Thirty eight percent of fund firms across the country said that they will increase technology-related costs while a total of 17% of respondents said they expected no change in whether their firm's technology costs would rise or decline for the rest of this year.