Portfolio

Investors kept pulling their cash from municipal bond mutual funds at a record pace last week as frightened money continued to flee the market.

Genworth discontinues retail and group variable annuities, while Western & Southern and Allianz put faith in new variable annuities.

Have you decided that 2011 is the year to become an independent advisor? Tom Nally, a managing director of institutional sales at TD Ameritrade Institutional, gave us 10 of the best tips for going independent.

Managing risk with be the trend in the investment management business in 2011, said Ed Keon, managing director and portfolio manager for Prudential Financial's Quantitative Management Associates, at Prudential’s 2011 Global Economic and Retirement Outlook briefing in New York on Tuesday.

The possibility that there will a $1 million estate-tax exemption, plus a higher tax rate, in two years makes a compelling case for the wealthy to give money to their family now.

These are the firm’s first funds to concentrate individually on these areas.

Fund complexes will invest in their IT infrastructure, Confuence predicts.

NYSE Euronext said average daily volume in dervivatives contracts were down 6.2% worldwide in December 2010, compared to the prior year.

Each year, Janney Capital Markets produces a list of events it deems reasonably likely could shake the markets. Check out the surprises Janney expects could make for a bumpy ride in 2011.

A new survey concludes that nearly half of boomers have no financial plans in place in case they live longer than expected.