Portfolio

American Century Investments has appointed Patrick Bannigan to the position of executive vice president and chief operating officer, effective earlier this week on Nov. 5.

President Barack Obama’s victory positions him to claim a mandate for pushing a proposal through Congress that would let tax cuts expire for top earners and avert $1.2 trillion in automatic spending reductions.

Global exchange-traded funds and exchange-traded products experienced inflows $13.5 billion of net new assets in October, which is lower than the US$40 billion of net inflows in September 2012, according to data from ETFGI.

Global exchange-traded funds and exchange-traded products experienced inflows US$13.5 billion of net new assets in October, which is lower than the $40 billion of net inflows in September 2012, according to data from ETFGI.

Peng Chen, current chief executive officer of Dimensional Fund Advisors’ Asia (ex-Japan) subsidiaries and Chairman of Dimensional SmartNest (Dimensional Retirement), is adding another title to his resume.

What are the top financial planning schools nationally? Check out this list to see where the next generation of advisors are coming from (and who the next generation of clients may be working with).

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.