Portfolio

U.S. stocks moved higher Monday after Greek lawmakers approved the financial reforms needed to secure its latest bailout package from the IMF and the EU, a development that Wall Street has been anticipating for weeks.

MIAMI --The next crisis in the financial services industry may have nothing to do with overextending credit or breaking the buck. The next crisis could be a ‘technology shock,’’ according to fund executives.

Bonaire Software Solutions LLC has added modules to its REVPORT revenue management system that will automate distributor rebate fee calculations and invoice reconciliation.

SunGard has added a mobile trade authorization capability to the SunGard Global Network (SGN) Short-Term Cash Management portal.

The SEC is about to announce reform of money market funds that is likely to include letting the net asset value float, long anathema to the industry. James P. Palermo, Vice Chairman of BNY Mellon though wants to know: What happens if that part of the mutual fund industry just goes away?

The next black swan in the financial industry is likely to be rising interest rates. And there could be a “good” black swan event: a rally over the next 10 years in stocks, said speakers at NICSA’s 30th Annual Conference and Expo.

Former Morgan Stanley senior executive, advisor joins Beverly Hills Wealth Management as new senior vice president.

Thomson Reuters announced the launch of a powerful new tool that supports investment professionals’ need for tighter integration between macroeconomic research and fundamental analysis.

The Money Management Institute (MMI) has hired data management vendor Coates Analytics to help the Institute in an initiative to compile the sales, distribution and other information of its broker-dealer sponsors and money managers—all on one system.

Raymond James is being more diligent about highlighting its RIA business as an attractive place for the industry’s best advisors.