Portfolio

Legg Mason has added John Murphy and John Myers to its Board of Directors, effective immediately. Murphy was appointed to the Audit and Compensation Committees and Myers was appointed to the Nominating & Corporate Governance and Risk Committees.

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

Is Legg Mason leaning towards making a run at private equity?

The financial services industry has one of the hardest glass ceilings for women to break through according to a recent survey from Edward Jones.

A new survey by Ceres, an advocate for sustainability leadership, gives a pat on the back to three fund companies for supporting the majority of shareholder resolutions filed with companies on climate change and a slap on the hand to six others for not supporting a single resolution.

Genworth Financial Inc. said it is eliminating 400 jobs as Chief Executive Officer Thomas McInerney seeks to counter the pressure from low interest rates.

Advisors are wary of BNY Mellon's plan to provide private banking services to RIAs.

Although many in the industry have tipped active exchange-traded funds as the breakthrough product of 2013, this may be wishful thinking, according to a new study by Cerulli Associates.

Separately managed accounts and alternative funds are poised for growth and fund firms need to be on top of their social media game to participate in the growing mutual fund space, according to a new report by Curian Capital.

Exchange-traded funds gathered record net inflows of $107 billion through the end of May 2013, which is 31% higher than the $82 billion in net flows at this time in 2012, according to data from ETGI.