Portfolio

JPMorgan, under Americas equity research head Noelle Grainger, scored the largest number of highly ranked analysts, making it the No. 1 firm in U.S. equities research. Bank of America was No. 2, followed by Morgan Stanley.

Fusion offers practice management and business consulting to independent financial advisors. NFP hopes the deal will increase its margins by next year.

Charles Schwab Investment Management, Inc. has launched the Laudus Mondrian Global Fixed Income Fund (LMGDX) to bet on developed, U.S., and emerging market bond markets.

Domestic ETF assets totaled $1.16 trillion as of June 30 – up 11.3% year-to-date, according to State Street Global Advisors’ ETF Snapshot.

Janus Capital Group Inc. has made two institutional appointments in an effort to grow its institutional client and consultant relationships in the U.S.

Janus Capital Group Inc. has made two institutional appointments in an effort to grow its institutional client and consultant relationships in the U.S.

Fund managers and financial advisors are looking to the cloud to reduce costs, enhance performance, and improve accessibility.

The Dow Jones Industrial Average lost 48.59 points Wednesday to close at 12,604.52 while the Nasdaq and S&P 500 shed 14.35 points and 0.02 points, respectively.

For the week ended July 3, investors steered an estimated $1.68 billion into long-term mutual funds, about half the amount they invested a week earlier, according to the Investment Company Institute.

Hatteras Funds this week launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which made its debut on the flat-fee variable annuity platform of Jefferson National last month and will bet on “multiple” hedge fund managers.