Portfolio

Think way back — well, a few months ago — to all the hype about how private-equity firms were poised to swoop in and buy struggling banks left and right.

While half of RIAs’ new business comes from referrals, only 20% of advisors ask clients and centers of influence for leads.

The mutual fund giant plans to launch equity funds and ETFs along with municipal bond and international real estate products

Iowa, an earlier user of Build America Bonds, won't draw on that program again for two upcoming sales because the savings are not worth the worries over heightened scrutiny from the Internal Revenue Service, Treasurer Michael Fitzgerald said yesterday.

Proposed extensions to major bond provisions have survived several revisions of pending tax legislation, but municipal market participants are wondering if more controversial, non-bond provisions could scuttle the entire package.

See Advisor TV video here: http://www.financial-planning.com/video/morningstar-dolan-advisortv2667536-1.html

Wells Fargo is merging nearly $2.2 billion of Evergreen Investments municipal bond mutual funds into existing Wells funds as part of the bank’s purchase of Wachovia.

Illinois’ debt manager returns tomorrow from an overseas tour where he sought to whet the appetites of European and Asian institutional buyers for his beleaguered state’s paper ahead of a $900 million taxable Build America Bond sale.

SourceMedia's Women Advisors Forum descended on Chicago on June 16. The event offered an opportunity to network with the most successful and influential women financial advisors in the nation, while gaining insight into their career experience and rise to the top.

Bank of New York Mellon Corp. announced Tuesday it launched a unit designed to clear futures and derivatives trades.