Portfolio

Jeffrey Gundlach, the chief executive officer of DoubleLine Capital whose home was burglarized earlier this month, has offered some $1.7 million for information leading to the recovery of stolen artwork.

Investors are less aggressive than their advisors' risk profile assumes them to be, according to Cerulli. In fact, "many investors simply have no desire to endure ongoing market volatility," the report said.

Business owners below the age of 45 are more bullish on their growth prospects compared to their elder counterparts, according to the Western Union Small Business Barometer.

What are mainstream media publications writing about the wealth management industry? How can investors retire rich, the elements to a perfect financial advisory team, a fresh look at end of life plans, and more.

Cornerstone Capital Management, which currently serves as investment adviser to the Keystone Large Cap Growth Fund has entered into an agreement to sell the fund to New York Life Investment Management

Investor confidence in North America continued to weaken in September, according to State Street's Investor Confidence Index. The index fell by 3.2 points in September to 81.1 from a month earlier.

Jeffrey Gundlach, the chief executive officer of DoubleLine Capital whose home was burglarized earlier this month, has offered some $1.7 million for information leading to the recovery of stolen artwork.

The 361 Absolute Alpha Fund has lowered its management fee from 165 basis points to 125 bps, effective Oct. 1

Even with a forecast for modestly stronger growth for the rest of the year, Barclays still sees a looming fiscal cliff negatively hitting U.S. gross domestic product into 2013.

If Congress does not act and the current estate tax law expires, 14.7 million U.S. households could have a tax liability according to a report released by LIMRA, a worldwide association of insurance and financial services companies, on Tuesday.