Portfolio

In case you hadn't noticed, the world is getting more complex.

Ask recruiter Michael Castine about the state of mutual fund hiring now, and he brings up the Brad Pitt movie "Moneyball."

There’s too much bullish bias and herd mentality among financial advisors who fear losing their jobs when they should be focused on long-term returns, value manager Jeremy Grantham says.

The acquisition adds 126 relationships and $200 million in assets to the San Antonio-based wealth advisory firm.

On June 22, 2012, Total money market mutual fund assets decreased by $20.86 billion to $2.533 trillion for the week ended Wednesday, June 20, according to data from the Investment Company.

Gus Sauter, managing director and chief investment officer of Vanguard, will retire from the firm at the end of the year. Mortimer J. “Tim” Buckley, a managing director, will succeed him.

On June 22 ,2012, George U. "Gus" Sauter, managing director and chief investment officer of Vanguard, today announced his plans to retire, effective December 31.

On June 22, 2012, AllianceBernstein re-upped CEO Peter S. Kraus’ contract for another five years, starting in January 2014, when his existing contract expires.

On June 22, 2012, Wheaton, Ill.-based First Trust Advisors L.P. has rolled out a new actively managed exchange-traded fund, First Trust North American Energy Infrastructure Fund (NYSE Arca: EMLP) to bet on the energy infrastructure sector via master limited partnerships, pipeline companies and utilities.

When it comes to ETFs, advisors “need to look under the hood,” ETF expert Eric Biegeleisen said during a session at the Morningstar Investment Conference. “You have to understand why every stock and bond is in there.”