Portfolio

Here are five of the most common scams that advisors and their clients either managed to avoid or fell victim to this year.

Advisors and their investor clients should be on the lookout for these popular scams. According to the North American Securities Administrators Association, here are five of the most common scams that advisors and their clients either managed to avoid or fell victim to this year.

Mutual fund managers prided themselves on sticking to their investment mandates early on in the financial crisis of 2008. This, even as the average U.S. stock fund fell nearly 30% in value. They counseled investors to do the same. Three years later, there is a new direction for funds: the flexibility to go anywhere, to pay closer attention to macroeconomic and market trends, and to even hunker down in cash.

Running its quantitative screens for its annual rebalancing, the Hennessy Focus 30 Fund turned up two sectors that at first puzzled Neil Hennessy, chairman and chief investment officer of Hennessy Funds: energy and utilities.

Blue chips dropped 207 points Tuesday to 11706.62, ending a three-day winning streak, amid continued concern over Europe’s debt crisis. The Dow Jones U.S. Total Stock Market Index was down 2.11%.

BNY Mellon Asset Servicing will allow authorized participants in exchange-traded fund transactions to place orders one day ahead of the actual trade date.

NEW YORK—Running its quantitative screens for its annual rebalancing, the Hennessy Focus 30 Fund turned up two sectors that at first puzzled Neil Hennessy, chairman and chief investment officer of Hennessy Funds. Energy. And utilities.

While many investors and wealth managers continue to operate under the assumption that, sooner or later, order will be restored and things will go back to the way they were before the 2008 financial meltdown, some pundits are warning that's not going to happen and everyone better adapt to the new rules of the investment game.

As the parent company announces earnings, the Americas unit sees more net new money and higher FA productivity.

Although the State Street Investor Confidence Index is still below 100, indicating institutional investors’ appetite for equities and other risky assets is neutral, the index jumped significantly by 6.7 points to a reading of 96.7 in October—underscoring marked and continued improvement in institutional investors’ outlook.