Portfolio

Nearly six in 10 business owners (59%) expect to be in a good financial position over the next 12 months, down from 66% who said so in second quarter.

On the same day that FocusShares announced its exit from the exchange-traded fund business, Russell Investments announced today that it is "conducting a strategic review of its direct U.S. ETF business in an effort to focus more exclusively on its core competency."

Here's a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.

On August 7, 2012, Et Tu, Russell?

On August 7, 2012, One exchange-traded fund provider is calling it quits after deciding to pull the plug on its external PR efforts.

Portfolio managers from Huntington Asset Advisors' US Equity Rotation Strategy ETF discuss their top picks in IT and health care.

On August 7, 2012, AdvisorShares will begin trading its QAM Equity Hedge ETF (NYSE:QEH) on Wednesday, August 8.

On August 7, 2012, Morrison & Foerster has added two Of Counsels to its Denver office.

Schwab Advisor Services has expanded its "Insight to Action" practice management consulting program for registered investment advisors.

Online asset management company Covestor has added alternative asset managers to its website.