Portfolio

New M&A data from Schwab seems to suggest that the RIA space is not consolidating as fast as some have predicted it would – though the final analysis depends on how you define consolidation.

The Dow Jones Industrial Average surged up 83.10 points to 12,758.85 Wednesday after the Federal Reserve announced it will not raise interest rates until at least late 2014 and added that it expects to maintain a “highly accommodative” stance to support the recovery.

Citi Fixed Income Indices and Research Affiliates have come together to develop a new series of investable bond indices based on the Research Affiliates Fundamental Index methodology.

AdvisorShares Investments, a sponsor of actively managed ETFs, announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading on Jan. 26.

Investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

According to statistics released today by the Investment Company Institute, investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

James Boyle, president of John Hancock Financial Services, announced that Brian Heapps, CLU, ChFC, was named president of John Hancock Financial Network (JHFN).

AdvisorShares Investments announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading tomorrow, January 26. ACCU is managed by Accuvest Global Advisors, an investment adviser that manages over $300 million in global portfolio assets.

Guggenheim Investments announced a new open-end mutual fund offering: Guggenheim Municipal Income Fund. The fund is the latest addition to its recently expanded suite of fixed-income mutual funds..

Known as the Citi RAFI Bond Index Series, the series will include sovereign and corporate bond indices and use fundamental measures to weight the index components.