Portfolio

Neuberger Berman Group has appointed Brendan Gill as a senior vice president and head of national accounts in the firm’s Advisor Solutions Group, effective Aug. 30.

It's a summer of uncertainty, with affluent optimism gyrating based on the latest economic news. It also contributes to a fundamental irony: these days, affluent investors simply don't feel affluent.

Chicago-based Thomas White Funds has launched three new classes of shares for two of its no-load, foreign equity funds—its flagship Thomas White International Fund (TWWDX) and the Thomas White Emerging Markets Fund (TWEMX).

The Los Angeles-based RIA has hired new managing directors for client and business development.

The last century ended with a dot-com boom, followed by a real estate boom with each ending in a bust. Could bonds face a similar fate?

In a nod to the competitive pricing pressure roiling the financial services industry, Advisor Group, one of the largest independent broker-dealer networks in the nation, has eliminated, or drastically reduced, the mutual fund fees it was charging to clients of its financial advisors.

After more than a year of battling it out in Washington, D.C., and around the country, SEC Chairman Mary Schapiro called off her proposed second round of reform for money market mutual funds.

As investing in alternatives such as real estate, private equity funds, hedge fund strategies and commodities grow in popularity, the way these are being used by institutions and investment advisors is changing.

Multi-manager shop Virtus Investment Partners has added Rampart Investment Management, which specializes in customized options strategies for institutional and high-net-worth clients, as a wholly owned affiliate of Virtus.

The Dow Jones Industrial Average fell 54.90 points Tuesday to close at 13,035.94. Meanwhile, the S&P 500 shed 1.64 points to end at 1,404.94 and the Nasdaq added 8.10 points to finish at 3,075.06.