Portfolio

At $1.917 trillion, the industry is just shy of its peak level, reached in the second quarter of 2008.

Redemptions since Dec. 2 total $15.76 billion.

For all those bears out there it’s time to turn those frowns upside down.

With stocks up for the seventh consecutive week, Bob Doll, BlackRock chief equity strategist, sees no reason to expect a plunge.

On Wednesday The Fidelity Charitable Gift Fund and the Association of Small Foundations announced a new white paper titled “The Best of Both Worlds: Using Private Foundations and Donor-Advised Funds” to inform donors and advisors about how these two giving vehicles complement each other.

BNY Mellon Wealth Management is now offering its private banking clients Cash Management Access Accounts that will allow them to manage banking and self-directed investments in one place.

The Financial Industry Regulatory Authority has censured and fined Merrill Lynch, Pierce, Fenner & Smith Inc. $500,000 for failing to establish and maintain written supervisory procedures to ensure that its representatives considered customers’ state income-tax benefits in their suitability analyses of 529 college saving plans.

Low interest rates and a market skepticism keep annuities down in 2010, but 2011 looks brighter.

Estate tax reform in 2010 was marked by significant disagreement from both the House and Senate on whether any changes should be temporary or permanent.

Asset managers can use the online resource when preparing a fund launch or moving a fund to a new service provider.