Portfolio

Bank advisors often say the biggest benefit of this channel is the constant stream of potential clients-but are they really leveraging that?

Over the next 10 years, advisors will help their clients facilitate the largest wealth transfer in the history of our nation's history and charitable planning will become an increasingly larger and more important part of that service.

JHS Capital Advisors, a Tampa, Fla., registered investment advisor, announced Monday that it has hired Tim Forsman as a senior vice president of fixed income investments.

Seventy-three percent of annuity owners and 17% of non-owners agreed that annuities are an important part of a retirement strategy, compared to 55% and 8%, respectively a year earlier, according to the survey of investors and financial advisors released at the IRI 2012 Annual Meeting,

"The industry has been in an interesting transformation," said Catherine J. Weatherford, president and CEO of the Insured Retirement Institute. "The financial crisis hit banks rapidly, but for the life insurance industry, it took a while for the issues from the crisis to develop."

Novato, Calif.-based Hennessy Funds moved closer to finalizing its acquisition of FBR Funds, and transferring the assets into various Hennessy funds.

The tax-exempt market ended on a slow note after a week that was described as mostly firmer by traders.

Advisors want more control over clients' managed accounts, and such accounts increasingly tilt towards mutual funds. Judging from recent results, though, the combination of these trends might not be good news for clients.

Risk management and regulatory reporting.

The Dow Jones Industrial Average gained 14.64 points Friday to close at 13,306.64 while the Nasdaq and S&P 500 added 0.61 points and 5.80 points, respectively.