Portfolio

Never a Moment to Lose

At Oppenheimer Funds, even customer service representatives become stewards of the quality of data. Who should own your data?

'I truly believe that we've entered the greatest bull market in the history of advice and it will continue for decades to come,'' the president of national sales and marketing for LPL Financial said Tuesday.

A year ago, marketing of a digital mailbox service for delivery of bills, fund documents and everything under the sun was supposed to start by mid-year. It’s going to happen this year, a vice president for digital strategy at Broadridge Financial Solutions says. Really.

The Dow Jones Industrial Average spent most of the day in the red Tuesday before fighting back for a 4.24-point gain, closing at 12,878.28.

BNY Mellon Asset Servicing has developed a new platform, OmniAccess, that will make it easier for asset managers and broker-dealers to post, process and view data related to their omnibus, or combined futures, accounts.

The U.S. equities market has been losing the order flow battle for three straight years and will continue to fall until 4th quarter 2012, a Tabb Group Research Report says.

In 2010, The Dreyfus Corporation gave iPads to every one of its 70 salespeople, to save on Federal Express billings in shipping them marketing materials. Now the manager of roughly $300 billion in mutual fund assets has decided that it should not be presenting its nine boards of directors with bulky binders any more, either.

The mutual fund manager last week supplied directors of one of its fund groups with all board materials on iPads, instead of on paper. Its other eight boards also will be getting on board with materials stored on the tablet devices.

Viteos, known predominantly as a fund administrator and operations support provider for hedge funds, has expanded its operations, accounting and reporting services to family office RIA firms.