Portfolio

They will have a minimum investment threshold of $25,000 and offer a wide range of investment styles from conservative to aggressive growth.

Borthwick and Carnoy to share responsibilities; Hume-Kendall named chairman of group

WASHINGTON — The Municipal Securities Rulemaking Board’s net assets fell to $26.39 million for the fiscal year ending Sept. 30, 2009, down $1.65 million from the previous year as new underwriting assessment fees fell dramatically, according to an audited financial statement and annual report expected to be released by the board today.

WASHINGTON — A draft version of a Senate jobs bill widely circulated Tuesday included provisions that would allow several tax-credit bonds to be treated like Build America Bonds through the end of 2010, with issuers receiving a direct subsidy payment from the federal government instead of providing investors with a tax credit.

E*Trade has expanded its advice offerings with the addition of actively managed portfolios of non-proprietary mutual funds or exchange-traded funds. They will have a minimum investment threshold of $25,000 and offer a wide range of investment styles from conservative to aggressive growth. The service, residing on PNC Managed Investments’ platform, will also be automatically rebalanced to ensure proper diversification.

The Chronicle of Philanthropy announced a drop in donations for its Top 50 philanthropists.

WisdomTree Investments Inc.’s top executives said the company remains focused on adding products, though it isn’t immune to a possible takeover.

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.