Portfolio

On April 18, 2012, Thomson Reuters announced that it will now offer clients of three investment data providers, FundCount, Quantifi and SAGE SA, access to Thomson Reuters DataScope Select platform for non-streaming, cross-asset, global content

On April 17, 2012, Guggenheim Investment Advisory, a division of Guggenheim Partners, has hired Citi to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform.

Schwab report finds spike in total M&A activity in the RIA sector for the first quarter, but nearly half of the $23.95 billion in total assets under management transacted across 17 deals through March 31 came from one deal.

Wilmington Trust has tapped industry veteran William T. LaFond to head up its wealth advisory business in the Washington, D.C., and Richmond markets.

Legacy expert attorneys Danielle and Andy Mayoras say the legal battle between two feuding CEOs provides yet another example of why it’s so important for advisors to make prudent succession planning decisions as their firms grow and evolve.

On April 17, 2012, Two mutual fund heavyweights yesterday were recognized for their focus on consumer needs, innovation and fiduciary services..

Fund administration service provider Gemini Fund Services, LLC and Cole-boutique law firm Frieman Mallon & Hunt LLP have joined forces to launch Two Roads Shared Trust.

Mutual fund assets within Defined Contribution Investment Only programs, which are used to support 401(k) retirement plans, have been growing in size and disparity in recent years.

On April 17, 2012, Vericimetry launched it first mutual fund.

The Dow Jones Industrial Average rallied up 194.13 points to close at 13,115.54 Tuesday while the Nasdaq and S&P 500 stormed up 54.42 points and 21.21 points, respectively.