Portfolio

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.

Northern Trust has appointed 12-year company veteran Laura G. Mandel president of the Northern Trust Co. of Delaware.

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

Here's a closer look at the compensation rankings for top-producing advisors at the nation's leading wirehouses and regional B-Ds. Also see: Ranking the Top-Paying Independent Broker-Dealers Top 40 Financial Advisors Under 40: No. 20 through No. 1 40 Under 40: No. 21 through No. 40 Top 5 Regional Advisors Under 40

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.

Financial advisors plan to increase their use of alternative investments this year, according to Jackson National Life Insurance Co. One big challenge: they need to understand the asset class better.

These 12 bad brokers not only did harm to their clients' portfolios, but their clients themselves. Check out BrokerCop's "Dirty Dozen" with offenses ranging from mail fraud to murder. Source: BrokerCop Also see: 5 Financial Advisors Caught in the SEC's Crosshairs 7 Ways Bernie Madoff's Scam Forever Changed Advisors' Lives 10 Mind Tricks That Keep Your Clients in the Red