Portfolio

Jeffrey Carney may be looking for new digs and a new gig.

Which banks shelled out the most for this election? Among the big name firms, here's a list of the top five donors based on data compiled by opensecrets.org, a nonprofit watchdog group that follows campaign donations. Click through to see where Wall Street's money has gone:

Sometimes, in order to lock in the $5 million estate planning tax exemption, clients gift away their “excess” assets. While gifting is good, and even better if you can avoid taxes by doing it, some clients give away too much, and are no longer able to maintain their standard of living in retirement.

Credit Suisse Group AG and Qatar Holding LLC, a unit of the Persian Gulf emirate’s sovereign- wealth fund, agreed to form asset manager Aventicum Capital Management to boost investments in emerging markets.

Shenkman Capital Management has launched its first mutual fund: the Shenkman Short Duration High Income Fund (SCFIX and SCFAX), which will bet on a diversified portfolio of corporate bonds and other obligations issued by non-investment grade rated companies.

First came “active” management: A pension fund, endowment or foundation hired managers that it felt could get results that “outperformed” the market.

The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.

The regulatory overhaul put in place by the Dodd-Frank Act of 2010 has dramatically reshaped the compliance landscape for investment advisors, with more small firms moving to oversight at the state level, while many large, private fund advisors now find themselves under the purview of the SEC, according to a new survey of advisors.

On the eve of the election, economic uncertainty and the "fiscal cliff" have been weighing heavily on the minds of planners as well as clients.

SignalPoint Capital Management has launched the SignalPoint Global Alpha Fund, the firm's first open-ended mutual fund, which is based on its separately managed account strategies.