Portfolio

Investors opened their wallets Wednesday following an upbeat report from home builders and word that Greece is nearing a deal with its private creditors that would bring some much-needed stability to the region.

Investors steered $1.43 billion into stock mutual funds during the week ended Wednesday, Jan. 11, breaking a near nine-month spell of investor redemptions that totaled more than $172 billion, according to the latest statistics from the Investment Company Institute.

There’s logic in thinking that trading in funds that promise double or triple the movement of the market will exacerbate the swings that occur. But it would invert reality.

Cowen Group said it agreed to acquire Algorithmic Trading Management, a provider of customized code for executing trades electronically.

There has been no New Year’s bounce, says Raymond James Equity Research. Trading in stocks in the United States in the first half of January is down 18% versus a year ago.

Stocks moved higher Tuesday in light trading as the Dow Jones Industrial Average moved up 60 points to finish at 12,482.07 while the S&P 500 and Nasdaq picked up 4.58 and 17.41 points, respectively.

Legacy expert attorneys Andy and Danielle Mayoras say the billonaire's case serves as a reminder that too many people make the estate planning mistake of relying on verbal or written promises that contradict their will or trust.

The SEC has charged an investment advisory arm of UBS with overstating the prices of securities in three mutual funds, some times by more than 100%.

Two large RIA firms have launched their own apps in the Apple and Android store, putting them ahead of the field in the race to maintain contact with clients.

The proceeds will be used in areas that Jefferson National anticipates will translate into growth.