Portfolio

Advisers are missing opportunities to expand existing relationships and attract wealthy clients, according to a survey by ByAllAccounts, an account aggregator in Woburn, Mass.

Merrill Edge hopes to crowd out Fidelty and Schwab by not paying advisers brokerage fees, only for referrals.

A two-year extension to the Build America Bonds program, as well as extensions to a handful of other bond provisions set to expire at the end of the year, remain in legislative limbo as Senate Democratic leaders this week continue attempts to produce a tax bill that they can pass.

Citi Capital Advisors, Citigroup’s alternative asset management platform, may seek $1.5 billion for private equity this year and $750 million for hedge funds, and an additional $1 billion of fundraising for hedge funds is targeted next year, this person said.

Citigroup Inc. plans to raise more than $3 billion for its private-equity and hedge funds, a person familiar with the matter said Friday.

Despite the resistance of small employers, the U.S. Chamber of Commerce and the mutual fund industry in general, legislation to require companies with 10 employees or more to provide employees with a seamless lifetime savings plan through an Automatic IRA, is definitely gaining steam.

The distinction between accumulation and distribution is the key to your clients’ understanding target date funds.

While April’s sales couldn’t compete with March’s rocketing success, quarterly fees buoyed overall performance.

The sovereign debt crisis in Europe is coupling with the general malaise in financial markets to make life easier for tax-free money market funds by boosting key short-term interest rates.

NYSE Technologies on Thursday will introduce a service that displays up-to-the-minute statistics on how fast it delivers details on orders and transactions to customers.