Portfolio

A group representing charitable organizations said it is concerned about a proposed cap to the charitable tax deduction included in President Obama's budget plan.

The suitability of leveraged and inverse exchange-traded funds climbed on FINRA’s Enforcement hit list last year.

Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.

A quarterly Northern Trust survey of investment managers reveals optimism about the economy in the first quarter, buoyed by positive expectations for housing, jobs and corporate profits in the face of across-the-board federal budget cuts went into effect on March 1.

Mutual funds gained $8.84 billion for the week ended Wednesday, April 3, according to the Investment Company Institute.

The Wealth Consulting Group, an affiliate of Strategic Wealth Associates, announced it has hired former Major League Baseball athletic trainer Stephen Sayles as a registered representative.

Bill Gross raised the holdings of Treasuries held in his $289 billion flagship fund at Pacific Investment Management Co. to 33 percent of assets last month, the highest level since July.

Mary Jo White was sworn in this morning as the 31st Chair of the Securities and Exchange Commission.

A quarterly Northern Trust survey of investment managers reveals that they were optimistic about the U.S. economy in the first quarter of 2013, buoyed by their positive expectations for housing, jobs and corporate profits in the face of across-the-board federal budget cuts went into effect on March 1.

The Financial Services Institute is heralding the advance of legislation in Florida that would significantly ease the registration process for advisors representing firms headquartered in other states.