Portfolio

The recovery zone bond program would double in size to $50 billion and Build America Bonds could be used to do current refundings of existing BABs under a new tax and jobs bill released late Thursday evening by leaders of the House and Senate tax-writing committees.

U.S. Trust plans on hiring over 200 people in 2010 in order to expand its wealth management team.

Bill Would Extend Muni Provisions

Fixed annuities’ terrible sales figures drag down the total; VA sales remain largely flat.

New rules approved Wednesday by the Internal Revenue Service require 401(k) providers to offer participants at least three investment alternatives to company stock, which experts say most plan providers do anyway.

BOSTON -- As finance ministers in Europe consider proposed rules to toughen the regulation and oversight of alternative-investment funds, hedge fund and private-equity fund lobbyists are hoping members of the European Parliament are still open to compromise.

Money Management Executive, a SourceMedia publication for executives in the asset management industry, today announced the winners of the 8th Annual 2010 Fund Operations Awards. The awards were presented during the National Investment Company Service Association’s General Membership Meeting in Boston.

What does an advisor need to do to get a sales assistant and who pays for that person? Experts at our Retirement Roundtable explore these and other questions in the final installment of a six part podcast.

Pax World Management is breaking more new ground by rolling out the industry’s first family of environmental, social and governance ETFs.