Portfolio

The online brokerage company wants to add longer-term retirement customers and wealthier clients to its base of day traders.

The Great Recession has prompted an overwhelming majority of American workers to believe it’s time for a new and improved model for workplace retirement programs, Prudential Financial found in a survey.

The Spectrem Millionaire Investor Confidence Index advanced one point in January to -9, marking the sixth straight month it has been in neutral territory. It declined six points in December.

Delaware Investments has launched the Delaware Macquarie Global Infrastructure Fund in partnership with Macquarie Capital Investment Management, sub-advisor to the fund.

The ETF Council, a new trade organization for exchange-traded funds that will focus on both marketing and lobbying, is set to launch next month.

After the recent massive meltdown it’s no surprise that 81% of registered investment advisory firms and 79% of brokers/advisors believe that traditional asset allocation relying on stocks, bonds and cash provides insufficient portfolio diversification.

The Securities and Exchange Commission voted 4:1 Wednesday to substantially raise the standards for the types of securities that money market funds may hold; to require them to disclose their holdings and net asset value every month; and to have 10% of their assets liquidly available for daily redemptions and 30% weekly.

Fidelity Investments confirmed Wednesday that Charles Goldman, its head of institutional platforms, is leaving the Boston fund company.

The American Institute of CPAs is offering a CPA-oriented guide on Roth IRA conversions now that the old $100,000 income limit for converting a traditional IRA to a Roth IRA no longer applies.

Survey: RIAs and brokers clamor for more alternative investments