Portfolio

Center State Bank of Florida in Winter Haven seems to have entered the correspondent banking business at the perfect time.

Institutional investors’ outlook for global growth improved in the third quarter, with more than two-thirds, 68%, saying a double-dip recession is unlikely, a survey of 83 managers by Northern Trust Global Advisors found.

The Hartford Financial Services Group has launched a new educational program to encourage participation in 401(k)s and other defined contribution plans.

The mystery of why America continues to rely on foreign oil and contaminate its environment-and subsequently why the green industry holds the promise of becoming a $6 trillion market but remains speculative, volatile and fragmented-is answered in the intriguing book, "The Climate War: True Believers, Power Brokers and the Fight to Save the Earth" (Eric Pooley, Hyperion, 2010).

Asset held in exchange-traded funds increased 10.6% in September.

The platform can handle a wide range of products and models.

The Shanghai Stock Exchange will create exchange-traded funds based on depositary indices maintained by BNY Mellon.

A new book gives the traditional 60/40 investment approach a makeover.

Broker-dealer Investment Professionals Inc. (IPI) and wealth management research and technology provider FundQuest have launched an enhanced managed accounts platform called Private Asset Management.

After developing a new performance-reporting service among smaller firms, Morningstar rolls out its service for broker-dealers.