Portfolio

Securities and advisory firm, Multi-Financial Securities Corporation, announced today the signing of two new advisors, Dave Strunc and Nicholas Russell, founders of Sunrise Wealth Advisors, an Orlando, FL, based advisory firm.

The Investment Company Institute, noting its disagreements with outgoing Securities and Exchange Commission chairman Mary L. Schapiro, lauded the “record of accomplishment” of the woman nominated to succeed her.

Legg Mason has joined as one of a handful of firms to win approval from the Securities and Exchange Commission to launch active exchange-traded funds.

President Obama has nominated commissioner Elisse B. Walter, a critic of the mutual fund industry, to succeed Mary L. Schapiro as chairman.

The RIA channel is growing rapidly as firms with more than $1 billion in assets continues to drive growth, according to a report from Cerulli & Associates.

Say howdy to Salient Partners L.P.'s new master limited partnerships and energy infrastructure fund.

Securities and Exchange Commission Chairman Mary L. Schapiro said she will leave her office before the end of the year.

Investors will continue to pour money into funds, especially into target date funds and ETFs, according to a report on mutual funds from Tiburon Strategic Advisors.

Here’s a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.

Regulatory reform is about to exact its price.