Portfolio

Over the course of a 30-year career, Steven Stahlberg worked for Wachovia, R.W. Baird and Morgan Stanley.

The Dow Jones Industrial Average fell 143 points to finish at 12,411.23 Monday as investors reacted to more uncertainty in Europe and signs that overall global economic growth continues to slow.

Snapshots from the 2012 Pershing Insite Conference in Hollywood, Fla.

On June 11, 2012, United States ETF assets totaled $1.12 trillion as of May 31 – up 7 percent year-to-date, according to the ETF Snapshot May 2012 released by State Street Global Advisors.

On June 11, 2012, USAA Investments added six target-risk mutual funds to its portfolio.

On June 11, 2012, S&P Capital IQ today unveiled its Global Markets Intelligence group, a new advisory business that provides risk-based non-discretionary equity, fixed income portfolio strategies, asset allocation, and fund review services to asset managers.

On June 11, 2012, Neuberger Berman Group today launched the Neuberger Berman Absolute Return Multi-Manager Fund (NABAX), which bets on a slate of hedge fund managers.

Financial advisors who use a technology that enables them to automate portfolio rebalancing for their clients can shave the process down from 350 hours annually to 100 hours, according to new research released by CEB TowerGroup.

Income annuity sales in the first quarter climbed almost 23% to $2.16 billion from $1.75 billion a year ago. Indexed annuities, meanwhile, increased nearly 9% hitting $8.16 billion.

Global X Funds has filed paperwork with the Securities and Exchange Commission for two more ETFs employing the same investment strategy as its GURU ETF, which debuted this week.