Portfolio

Vercie Lark has joined DST Systems as chief information officer, overseeing the company’s enterprise information technology and data center operations.

As Loomis, Sayles Vice Chairman Dan Fuss told MME last month: “When interest rates eventually rise, it will become our entire focus. I’ve prepared for this well in advance “(see “Fuss: Interest Rate Policy Will Shape Recovery,” MME 5/3/2010).

One of the great aftershocks felt in the wake of the financial meltdown has been a fairly loud drumbeat against Harry Markowitz’s modern portfolio theory.

The findings are a sign that advisers can be an important part of including children in the conversation around college savings and building a sound financial plan.

An "empowered investor base" insisting on more transparency and liquidity from managers, as well as absolute returns and uncorrelated investment strategies, has led to a spike in demand for alternative mutual funds, a report concluded.

JPMorgan, consistently one of the top municipal bond underwriters, has been responding to increased appetite in the market recently by expanding its retail networks, marketing taxable munis for international distribution, and bulking up its public finance staff.

IRS Probes 401(k) Compliance

With lawmakers from both chambers of Congress set to begin hammering out a single financial regulatory reform bill on Wednesday, one of the most contentious municipal-market issues to be worked out centers on who will regulate non-dealer financial advisers, swap advisers and other market intermediaries.

LPL, the largest independent broke/-dealer, filed S-1 forms with the Securities Exchange Commission Friday to become a public corporation.

If your clients want to invest globally, and according to their Catholic values, you now have one more option to offer.