Portfolio

Amid the driving wind and rain, advisors battled back with generators, data backups ... and chainsaws.

The heirs of the two co-creators of the legendary comic book hero have been battling the powerful media conglomerates, Warner Bros. and DC Comics, for many years in a series of (seemingly) never-ending lawsuits. While most of your clients will never have to worry about something as valuable as Superman copyrights, it is very common for disputes to arise regarding an estate, trust or assets of someone who passed away. 

Hennessy Advisors has completed its buy of FBR Funds today as planned. The acquisition brings the Novato-Calif.-based company's total AUM to $3.1 billion.

Flows into target maturity funds have remained strong with nearly $12 billion flowing into the category during the third quarter, according to data from Morningstar.

Last week, the Board of Trustees of AIM Sector Funds voted to revamp the Invesco Utilities Fund’s mandate, subject to the approval of the fund’s shareholders at a special meeting to be held in February 2013.

Financial advisors on the East Coast have solid reasons to be worried about Hurricane Sandy – and even those far from the wreckage should be concerned, too. Advisors’ and clients’ safety rank first, but advisors also have to be concerned about their offices and property, as well as those of their clients’ and their clients’ relatives. As vital as proper insurance coverage is, it often will not cover all losses, nor losses from the disruption of business. How prepared are you and your firm to deal with a major disaster, like Sandy? Far too many advisors have no disaster recovery plan to rely on for times like this. Here are 5 questions to consider regarding you, your firm and your clients after the worst of the hurricane strikes.

U.S. stock and options markets closed today, the first unscheduled, market-wide shutdown since September 2001, and may remain closed Tuesday, the Wall Street Journal reports.

Demand for liquidity has advisors saying they're planning to boost ETF use, according to a Guggenheim survey.

Stocks fell around the world and gasoline rose as Hurricane Sandy threatened U.S. East coast refineries and closed equity trading. Italian two-year notes dropped for a sixth day and the euro weakened.

Wells Fargo Advisors Financial Network has added four practices.