Portfolio

The 2% growth rate of recent years is expected to accelerate to a new cyclical growth rate of 3% or more: BNY Mellon

Average expense ratios continued their precipitous decline during 2012 much to the delight of mutual fund investors, according to an annual Investment Company Institute report on fund expenses and fees.

Investors poured $16.9 billion into exchange-traded funds in March, bringing the first-quarter total to $53.1 billion, according to data from Morningstar.

Several provisions affecting advisors contained in President Obama’s budget blueprint drew sharp reactions from many corners of the industry, with groups variously praising measures to increase funding for securities regulators and blasting provisions concerning taxes and retirement planning.

ING is embarking on a rebranding voyage. Following an initial public offering, the company will rebrand to Voya Financial.

Horizons ETFs Management (USA), a subsidiary of Seoul, Korea-based Mirae Asset Global Investments Co. has appointed Joe Cunningham as Head of Capital Markets for Horizons USA.

The burgeoning influence of financial advisors in the United States was a repeated observation at this year's Tiburon CEO Summit at New York City's Ritz Carlton in Battery Park. Here are 11 themes we heard at the two-day event encompassing 200-plus executives and advisors.

The programs generated a generous $521.6 million in income for the banks in 2012, the most they have ever produced in the five years that such data has been collected.

Investors poured a record $246 billion into mutual funds and exchange-traded funds in the first quarter, according to industry tracker, Strategic Insight.

“As investor confidence grows and perceptions of wealth management firms improves, so do advisor perceptions of their firm, particularly among independent advisors,” the J.D. Power study reported.