Portfolio

After months of rancorous fighting, Congress narrowly passed a last-minute deal to avoid most of the scheduled tax hikes and spending cuts and did not include a cap on tax exemption, allowing the muni market to breathe a temporary sigh of relief.

B of A Merrill Lynch ranked number one among municipal bond underwriters of long-term issuance for 2012, with a total of $53 billion. Among financial advisors, Public Financial Management retained its number one spot.

Prudential has picked up a new line-up of target-date funds for defined contribution plan participants.

There's nothing quite like the feeling of coming out from under a guardian's wing.

Pioneer Investments has named David Glazer portfolio manager of Pioneer Global Equity Fund (GLOSX), effective December 31, 2012.

Leawood, KS-based Cognios Capital is breaking into the mutual fund space via an alternative offering.

Pioneer Investments has launched Class K shares of its mutual funds for defined contribution plans that are precluded from investing in mutual fund shares with Rule 12b-1 fees or sub-transfer agency fees as part of the expense ratio.

It turns out that iShares will not be raising fees on its exchange-traded funds anytime soon.

Bruce Karpati, chief of the Securities and Exchange Commission’s enforcement division's asset management unit, has a few choice words for hedge funds looking to get into the mutual fund space.

Who is poised to influence the financial advisory industry this year? Check out who made the list, in alphabetical order, and who will set the agenda on everything from the next generation of advisors to the latest set of regulatory rules.