Portfolio

For all those young investors out there who are willing to take more risk with their retirement plans because of their longer time horizon, Vanguard has a new fund for you.

While broker-dealers want to manage client assets at the home-office level, advisors want more control of clients’ asset allocation.

The Municipal Securities Rulemaking Board Tuesday said it is contemplating a rule change that would prohibit dealers from underwriting new negotiated or competitive bond issues if they served as the issuer's financial adviser on the transaction.

Although there were sharp disagreements at a Treasury Department conference Tuesday about what kind of role the government should take in the future of housing finance, one idea in particular seems to be gaining momentum: creating an insurance fund to back mortgage-backed securities. future-of-housing-finance

Investors are more optimistic this month about the economy than they were last month, according to a survey released on Tuesday.

Fixed annuities drag the overall numbers down, but variable annuity sales are growing at a healthy clip.

Ameriprise Financial Inc. plans to reduced the lineup of mutual funds run by Columbia Management, but step up marketing and add jobs, according to a report in the Boston Globe.

The Tuition Plan Consortium said Monday it re-launched Independent 529 Plan as Private College 529 Plan, to foster pre-purchasing of tuition fees as present rates. The consortium said its Private College 529 Plan will offer investors a way to lock in tuition rates at more than 275 private colleges and universities.

The new vehicle comes less than three years after the close of its predecessor, which is already showing a 13% IRR.

The Tuition Plan Consortium said Monday it re-launched Independent 529 Plan as Private College 529 Plan, to foster pre-purchasing of tuition fees as present rates.