Portfolio

On Wall Street and New York Life/Mainstay Investments pinpoint the top leaders in wealth management.

Trust Company of America is expanding its Advisor Pathways program by partnering with RIA in a Box.

WisdomTree Investments, an ETF sponsor and asset manager, reported net income of $7.9 million for the first quarter of 2013, up seven times from the year ago quarter and 50% from the fourth quarter of 2012.

The current investing enviornment is the “Rodney Dangerfield” of bull markets, because even after five years of bullish returns it is still not getting the respect it deserves, according to Liz Ann Sonders, Charles Schwab’s chief investment strategist.

Here are a handful of tips and general trends for advisors to keep in mind this week.

A bias toward domestic investment is understandable, but the U.S., big as it is, is not the world. We exist in a global economy and for advisors and their clients to restrict their thinking to within our borders means missing out on some tremendous companies and potentially lucrative investments.

First Trust Advisors L.P. will launch the First Trust Senior Loan Fund (FTSL), its fourth actively managed ETF, on May 2. The fund will bring the firm’s total number of ETFs to 76.

Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper.

BMO Global Asset Management has named John Boritzke, managing director, as head of fixed income.

RIA firms can learn from the smart decisions and big mistakes made by Sierra Investment Management of Los Angeles.