Portfolio

Morningstar has acquired Footnoted.org, the terms of the deal undisclosed.

The company said it expects the economy to gradually recover this year.

Bruce Berkowitz, Morningstar’s Domestic-Stock Fund Manager of the Decade, isn’t the kind of manager whose moves make headlines, but they’ve paid off remarkably well for his investors.

Fee-based financial advisers are grappling with the fallout from the crash of 2008 and see tactical asset management as the way to navigate the current market, according to a survey of 750 advisers by Jefferson National.

More Bang Sought For the Same Buck

Reversal in equity markets sends funds lower by 0.50% from previous month

The Conference Board Employment Trends Index (ETI) rose in January by one percent to 93.2, the fifth consecutive month it has risen. However, it is down 0.7% from a year ago.

Many U.S. employers are increasingly losing confidence in their workers’ ability to save for retirement and, as a result, plan to step up efforts to help workers maximize 401(k) savings, starting by reinstating the match, Hewitt Associates found. In fact, 80% of companies that suspended or reduced their company match are planning to restore it this year.

BNY Mellon is hosting a web seminar for senior-level mutual fund executives on Wednesday at 1 p.m. on the impact of the new money fund rule changes from the Securities and Exchange Commission.

Reflecting their deep turmoil during the past two years, the banking and insurance industries rank as the least trusted in the U.S., with banks recording the only slide in faith the past year, according to the inaugural 2010 Edelman Financial Services U.S. Trust Barometer.