Portfolio

The tax preparation company agreed to pay as much as $20.2 million to customers that bought its Express IRAs.

Long-term mutual funds took in $12.25 billion in the week ended Dec. 23, bringing the sales streak to 41 weeks and a total of $413 billion, according to the Investment Company Institute.

With investors pouring money into emerging markets many are forgetting that along with potentially stellar returns are enormous risks that can slam investors’ wallets.

After a strong 2009, the company hopes to leap into the top five by the end of 2011.

A number of executives at Saturna Capital donated their holiday bonuses to charities, the second year in a row they did so.

After years of adding innumerable bells and whistles to annuities to attract investors, insurance carriers have begun to prune their offerings—not just to simplify them but to reduce their indemnification, The Wall Street Journal reports.

Third Avenue Management announced Monday that Martin Whitman, one of the company’s co-founder, has stepped down from his role as co-CIO.

A number of executives at Saturna Capital donated their holiday bonuses to charities, the second year in a row they did so.

Dennis Delafield and Vincent Sellacchia, managers of the Delafield Fund, which soared 55% in 2009, will continue to take a cautious approach in 2010, seeking out small- and mid-cap companies that are clearly poised for growth, keeping 20% of assets, a record amount, in cash, and paying keen attention to companies’ debt covenants.

While investors have continued to steadily contribute to their 401(k)s throughout the two-year-long financial crisis and have kept 401(k) loans, hardship withdrawals and cash-outs to a minimum, there was, after all, a sudden surge in withdrawals last year, according to Vanguard.