Portfolio

Despite a recovering economy, mass affluent investors believe the recession isn’t quite over.

Health organizations take the biggest hit, with a 63.7% decrease, according to a BofA Merrill survey.

EDGAR Online said Tuesday it struck agreements that will let it create risk-return summaries in the eXtensible Business Reporting Language for as many as 2,000 out of the roughly 8,000 mutual funds that must meet a new federal requirement for interactive financial filings.

The North Carolina-based company becomes the third bank to sell a guaranteed income option as part of its institutional plan offering.

The average immediate annuity premium is $107,000, and what’s more, 90% of policyholders purchase additional riders that either keep payments flowing to heirs, or that return the balance of the contract to heirs, if the contract holder dies unexpectedly early, according to LIMRA research.

Citigroup, which seeded Claren Road, and a Goldman Sachs fund, which has a minority stake, are using the deal to exit their investments.

PHOENIX—If the U.S. economy grows at Goldman Sachs’ forecast of 2.7% in 2011 and 3.6%, this will represent three years of respectable growth, said Heather Shemilt, managing director and head of the pensions, endowments and foundations group at Goldman Sachs. Shemilt was addressing Information Management Network’s “Super Bowl of Indexing” here Monday. In the first three quarters of this year, the U.S. GDP has grown 2.63%.

The only software that really has intrinsic value is the software that can predict returns on mutual funds, exchange-traded funds or single stocks.

The Securities Industry and Financial Markets Association has upped the ante in its dispute with the Municipal Securities Rulemaking Board over the self-regulator’s proposal to nearly double the fees it collects from dealers, warning that the MSRB must do a better job of explaining the need for the increase.

In On Wall Street's fourth annual ranking, the young hotshots of The Street talk clients and strategy. Here's how this year's top 40 advisors under 40 stack up.