Portfolio

A full 70% of Americans aren’t sure how they’ll be able to save enough for retirement, Bankrate.com found in a recent survey. Another 50% worry about being able to send a child through college.

The Securities and Exchange Commission and the Financial Industry Regulatory Authority issued a joint investor alert today warning investors about the risks associated with leveraged and inverse exchange-traded funds.

Mutual funds that focus on a select sector or small number of stocks are outperforming more broadly based portfolios, The Wall Street Journal reports. These funds rely on in-depth research to invest in only a couple dozen of stocks, rather than the average 172. Thus, they are riskier—but have the potential for outsized returns.

After almost a year in federal receivership, in which chunks of the giant corporation have been sold off, American International Group (AIG) has ended negotiations to sell its Advisor Group of independent broker/dealers. The group had been on the market for roughly 10 months.

New York State Attorney General Andrew Cuomo Monday filed fraud charges against Charles Schwab & Co., alleging it misled investors about the risks of auction-rate securities.

Affiliated Computer Services has joined the growing list of service providers offering 401(k) analytic tools for plan sponsors.

JennisonDryden, the fund family of Prudential Financial, has added the Dryden Total Return Bond Fund to its lineup of asset allocation funds.

Investors dropped almost $44 billion into open-end mutual funds in July, bringing the year-to-date total for inflows to $171 billion, according to data released by Morningstar. Taxable bond funds were the overwhelming favorite, taking 59%, or $26 billion of July's proceeds.

Hunter Named President, CEO of Westrock Group

Actively Managed Funds Up 15.82%, Beating S&P by Five Percentage Points