Portfolio

The Baltimore-based money manager reported that its profits increased to $158.5 million, or 59 cents per share, and net revenue rose 30.6% to $577.4 million.

Even as Build America Bonds continue to transform municipal finance, one thing stays constant: hedging a portfolio of muni securities remains very difficult.

NEWARK, N.J.--American corporations and households are tidying up their debt to get their financial house in order.

WASHINGTON — The Municipal Securities Rulemaking Board is considering temporarily expanding its 15-member board, possibly by two to four members, as it transitions to majority-public membership by Oct. 1 to comply with the new financial regulatory reform law.

The Securities and Exchange Commission voted unanimously on Wednesday to propose limits on mutual fund distribution fees and provide more transparency for investors.

International asset management firms are taking their recent uptick with a grain of salt as they anticipate a continued climb from the financial pitfalls of 2008, a new study claims.

One in four financial advisors expect clients to increase charitable giving to offset anticipated tax hikes, but only 52% of advisors proactively offer charitable planning advice to their clients, according to a survey released Wednesday by the Fidelity Charitable Gift Fund.

The AARP Financial mutual funds will cease to exist as of Oct. 1, less than three years after launching the funds to much fanfare.

The AARP Financial mutual funds will cease to exist as of Oct. 1, less than three years after launching the funds to much fanfare.

Custodians are in a horserace to provide services to breakaways.