Portfolio

LPL Financial has added well-known wealth management firm MACRO Consulting of Parisippany, N.J., with $650 million in AUM and five advisors, who left independent broker dealer SII Investments for its larger rival.

Halloween offered a nice treat for the exchange-traded fund industry.

WASHINGTON — The Financial Stability Oversight Council will meet Nov. 13 to consider reform to money market mutual funds, the Treasury Department said Thursday.

A circuit court judge in Virginia dismissed a suit that charged BNY Mellon with overcharging the state’s pension fund for foreign exchange transactions. The dismissal came after the Virginia Retirement Systems announced a renewal of a services contract with BNY Mellon.

Another seemingly ho-hum Friday just got a lot more interesting in the mutual fund world.

Whitebox Advisors today unveiled its second alternative mutual fund to the retail market.

Aberdeen Asset Management has launched the Aberdeen Emerging Markets Debt Fund (AKFAX) in response to continued growing investor interest in the emerging market debt asset class.

One commodity fund has received the dreaded Negative rating from Morningstar.

Compliance is an issue every advisory firm has to deal with, but is your firm adequately prepared to execute effective compliance strategies?

It may be some time before Congress and the Obama administration decide what to do about the tax rates for next year, so it’s a good idea to plan for various alternative scenarios just in case.