Portfolio

Approach with caution though, Spectrem says, as 46% of ultra-rich individuals say they feel they could manage their investments better than a professional.

First investment banks developed tools to act like hedge funds. Now their risk strategies are spreading to traditional money management.

Tax-exempt money market funds posted only modest gains this week, increasing by $718.2 million and ending with $327.09 billion in total net assets, but that halted a month-long streak of outflows in the week ending Nov. 8, according to the Money Fund Report, a service of iMoneyNet.com.

Many investors think the expiration of the Build America Bond program would actually be good for existing BABs because the entire universe of taxable bond buyers will be fighting over a finite and relatively small pool of available debt.

The SEC should rein in the ABA's CUSIP Service Bureau and prevent it from charging financial market participants unreasonable and unwarranted fees, say three trade groups.

Surprisingly, most Americas (88%) showed understanding of diversification and asset allocation (79%) while flunking basic questions about other financial concepts in a survey for Northwestern Mutual.

Investors poured over $26.8 billion into long-term mutual funds in October, nearly twice the assets added in September, Morningstar reported on Wednesday.

Socially responsible investments topped $3 trillion, accounting for one of every eight professionally-managed dollars.

Pre-retirees who continuously held a 401(k) plan with Fidelity Investments for the past 10 years more than doubled their account balances, according to data released by the Boston fund company on Thursday.

A couple of interesting surveys were released this week—and when mixed with some anecdotal evidence, they offer advisors some food for thought.