Portfolio

When President Obama unveiled his budget for the upcoming fiscal year, which begins on Oct. 1, it represented a wish list.

The bank launched new proprietary ETF portfolios that it says provide exposure to global investment opportunities by leveraging the international perspective of its parent, BNP Paribas.

Despite the controversy and repeated delays, the IRS and the Treasury Department have been moving forward slowly with implementing FATCA, including the release of a draft version of Form 8966.

The IRS is going after the estate of Bill Davidson, former owner of the Detroit Pistons and auto industry supplier Guardian Industries, to the tune of more than $2 billion.

Investors are favoring U.S. stocks over emerging markets by the most ever as fund flows and volatility measures show institutions are increasingly seeking the relative safety of American equities.

BLOOMBERG -- The U.S. government urged General Motors Co. (GM) to improve pensions of some Delphi Automotive Plc (DLPH) union retirees while cutting those of salaried workers to help ensure a speedy emergence from a GM bankruptcy, the watchdog of the Troubled Asset Relief Program said.

Alternatives juggernaut Blackstone joined the likes of other fellow private investment firms The Carlyle Group and Kohlberg Kravis Roberts (KKR) last month as the asset management practice continues its revolutionary switch in business focus out of institutional coffers and into the retail investment space.

Advisors, keep your eyes open for a new product that’s designed to help clients make investment decisions themselves that align with their values.

Merrill Lynch & Co. may be dead, but long live Merrill Lynch. While Bank of America has announced plans to dissolve Merrill Lynch & Co. as soon as the fourth quarter of this year, but the roughly 14,000 advisors operating in its brokerage division shouldn't see a name change.

These are stressful times for the mutual fund industry. An obvious statement, but one authored by a colleague ten years ago. Even more interesting is that the trends cited then are the same concerns that we hear from clients today. So what has changed?