Portfolio

Bank holding companies raked in $118.4 billion in wealth management income in 2011, up 1.35% from $116.9 billion in 2010. The increase comes despite a lackluster fourth quarter, the industry’s weakest since the beginning of 2009.

Savant Capital Management and The Monitor Group, two independent fee-only RIAs, announced that they have finalized the merger of their firms to officially become Savant Capital LLC.

Check out what FINRA's top leaders and executives are making, according to the organization's annual report.

A mutual fund prospectus says its manager has more than ten years of experience. The manager has achieved a 10% average annual return, it also says.

In the span of 12 months, the Active Bear Exchange-Traded Fund (HDGE) has become a wirehouse darling.

In the first six months of 2012 the bank handled 242 issues and $26.1 billion in par value, giving it a 13.6% share of the new issue municipal bond market by par value.

Bill Gross’ $260.9 billion Pimco Total Return Fund (PTTRX) saw inflows of some $1.36 billion last month, bringing the fund’s assets to $5.9 billion through June 30, Dow Jones reports, citing data from Morningstar Inc.

In the span of 12 months, the Active Bear Exchange-Traded Fund (HDGE) has become a wirehouse darling.

A mutual fund prospectus says its manager has more than ten years of experience. The manager has achieved a 10% average annual return, it also says.

The Dow Jones Industrial lost 8.70 points Monday to close at 12,871.39 while the S&P 500 and Nasdaq added 3.35 points and 16.18 points, respectively.