Portfolio

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.

Huntington Funds is on a roll.

By almost any measure, trust in financial services firms have fallen to new lows or close to them.

Goldman Sachs is calling it quits in Brazil, Korea and India.

Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.

Boston gathering to be rescheduled due to hurricane