Portfolio

The wealth management unit reports a drop in revenue from commissions and transaction fees.

Operating margins in the global asset management industry have recovered from their 2009 lows, at a median 32% in 2011, yet they remain below pre-crisis levels, according to new research by U.S. Institute, McLagan and Casey, Quirk & Associates.

US ETF assets totaled $1.19 trillion as of July 31, 2012 - up 13.8% year-to-date, according to the latest ETF Snapshot report from State Street Global Advisors.

The tax-exempt market ended the day mostly unchanged as market participants said August vacations have slowed trading.

A key government witness against three former UBS AG municipal-bond executives in a bid-rigging trial called one of the defendants an "idiot" and was asked today whether he disliked him so much that he put photos of tortured cats on his desk.

On August 9, 2012, Hatteras Funds has rehired Michael Hutten as an executive director, responsible for leading sales initiatives in the Western U.S. region, focusing on investment consultants, Registered Investment Advisors, and broker/dealers.

On August 9, 2012, A pair of mutual fund firms this week reported an uptick in assets under management for July.

On August 9, 2012, Mutual funds dropped $1.19 billion for the week ended Wednesday, August 1, according to data from the Investment Company Institute.

On August 9, 2012, What is up with ASPire?

The Dow Jones Industrial Average moved up 7.04 points Wednesday to close at 13,175.64. The Nasdaq lost 4.61 points to end at 3,011.25 and the S&P 500 inched up 0.87 points to finish at 1,402.22.