Portfolio

3D Asset Management has added three sales executives to its business development team.

In the RIA space, rapid consolidation is driving firms to merge, acquire and seek larger partners. In 10 to 20 years, many predict a series of giant $100 billion-AUM firms will emerge to dominate the market. So what does the future hold for smaller firms?

Global exchange-traded fund and exchange-traded product assets reached an all-time high of $1.9 trillion at the end of November 2012, according to figures from ETFGI’s monthly global ETF and ETP industry insights.

Mark Cahn, general counsel at the Securities and Exchange Commission, is leaving the agency at the end of the year to return to the private sector.

Brinton Eaton, a Madison, N.J., based wealth manager with $700 million in assets under management, has joined Chicago-based Mariner Wealth Advisors, bringing the latter’s AUM to $6.3 billion.

Investors withdrew money last month from Vanguard Group’s emerging-markets exchange-traded fund, the industry’s largest, after the firm said it would replace the fund’s index.

Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.

Global exchange-traded fund and exchange-traded product assets reached an all-time high of $1.9 trillion at the end of November 2012, according to figures from ETFGI’s monthly global ETF and ETP industry insights.

Americans 55 and older are far more likely to favor peace of mind over a high-reward/high-risk investment strategy.

A new report from mutual fund research firm Strategic Insight offers non-U.S. asset managers insights designed to help them enter the U.S. market and succeed.