Portfolio

Minneapolis-based Whitebox Advisors, the $2.3 billion asset management firm founded by Andrew Redleaf, is making a concerted push into the Registered Investment Advisor channel with the help of third-party marketing firm Havener Capital Partners LLC.

Last year was a challenging year for mergers and acquisitions between financial services firms, according to PricewaterhouseCooper's latest M&A insights report.

On April 16, the Securities and Exchange Commission charged the former chief financial officer of optionsXpress and three other officials of the online options and futures brokerage of engaging in “an abusive naked short selling scheme’’ involving billions of dollars of sham trades.

Morningstar reported on April 13, 2012 that money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010.

MME reports on April 13, 2012: After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high advisor fees.

Here's an interactive slide show with five tips from ACE Private Risk Services on maintaining adequate coverage into the retirement years.

For bank reps looking to advance their careers, there’s no better news than a promotion or a job offer that’s too good to refuse. Here’s a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.

On April 13, 2012, MassMutual's Retirement Services Division has added three new sales directors to its sales and client management organization: Dararith Ly; John Randall and Raymond Zittlow.

On the heels of major organizational changes, Northern Trust promotes two more executives in its wealth management business.

On April 13, Touchstone revealed its growth plans to MME.