Portfolio

Boston-based MFS capped off its busy year of rebranding and global advertising by completing the move of its corporate headquarters to 111 Huntington Avenue this week.

The San Diego-based firm plans to open three new offices in “key” California markets over the next 12 to 18 months.

FlexShares has launched a trio of dividend-focused equity index exchange-traded funds.

Invesco PowerShares Capital Management said it plans to close 13 ETFs, which represent less than 1% of Invesco PowerShares’ total assets.

Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season.

As the market prepares to ring in 2013, municipal experts have mostly positive expectations for interest rates, credit quality, investor demand, and the viability of municipals' tax exemption in the New Year, mixed with some lingering apprehensions about the fiscal cliff and overseas turmoil.

Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season.

From veteran advisors battling to keep clients away from financial danger, to some of the top schools grooming the next generation of advisors, 2012 has been a year of both growth and opportunity for the financial advisory sector.

For the week ended Dec. 12, investors pulled an estimated $6.57 billion from mutual funds, their biggest weekly withdrawal this year.

After a round of changes this year in the financial advice industry, some big players found themselves in diminished circumstances by year’s end. Here’s a look at some of the people, organizations and ideas that ended the year in a downturn.