Portfolio

Neuberger Berman Group has launched the Neuberger Berman Flexible Select Fund (NFLIX, NFLAX, NFLCX) to bet on The Fund will invest in the equity, fixed income and cash equivalent assets classes.

For the second consecutive week equity exchange-traded funds experienced net outflows, handing back some $2.8 billion, while their conventional mutual fund brethren took in $0.5 billion—for their twenty-second consecutive week of net inflows, according to Lipper data.

Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, named Rich Hunter president and chief operating officer on Friday and also announced new affiliation models for its nearly 1,500 financial advisors.

SpringReef Partners, a consulting firm specializing in evaluating wealth mangers for high and ultrahigh net-worth clients, has been acquired by Aronson, an accounting and consulting firm based in Rockville, Md.

Active exchange-traded fund provider AdvisorShares is closing the AdvisorShares Rockledge SectorSAM ETF (SSAM) on June 21. The fund investing primarily in both long and short positions in U.S. sector ETFs.

A slew of recent regulatory shifts is keeping examiners busy -- and advisors must know how to react when they get a call from FINRA or the SEC.

Payden & Rygel is looking to tap into the broker dealer channel with a new partnership.

Following the announcement of John Hallacy's departure from Bank of America Merrill Lynch, sources confirmed that Phil Fischer will step in to lead the group this month.

Muni money funds continue to struggle to recoup the billions they lost this year — particulary around income tax season — and the arrival this week of $411 million is not much of a boost.

LPL hired Michelle Oroschakoff as chief risk officer and managing director.