Portfolio

President Obama met with congressional leaders at the White House on Friday to negotiate over the expiration of the Bush tax cuts and the looming problem of the so-called “fiscal cliff,” with the leaders agreeing that the meeting had been constructive.

These days, it seems like all the media can talk about is whether or not Republicans and Democrats in Washington can come to an agreement over the so-called “fiscal cliff”. But what exactly is it?

FTSE Group is furthering its relationship with Vanguard by licensing two more indices: the FTSE Canada High Dividend Yield Index and the FTSE Canada All Cap Real Estate Capped 25% Index, to Vanguard as the basis of two new exchange-traded funds to be listed on the Toronto Stock Exchange.

Greenspan said, "If we get out of this with a moderate recession, I would say that the price is very cheap."

PIMCO continues to dominate the active exchange-traded funds space in terms of assets and market share.

Total money market mutual fund assets decreased by $2.54 billion to $2.575 trillion for the week ended Wednesday, according to data from the Investment Company Institute.

Another strong week of inflows for municipal bond mutual funds indicated sustained heightened demand for munis. Funds that report their flows weekly recorded inflows of $706 million for the week ended Nov. 14.

Securities America announced Thursday that managing partner of Kelley & Mullis Wealth Management, Michael Mullis, has become a registered representative with the independent broker-dealer firm.

Managing a team is an important part of an advisor’s growing practice. As an individual advisor’s practice becomes more successful and complex, eventually a team structure becomes necessary.

Expect significant technological advancements from Charles Schwab & Co., Inc. in 2013.