Portfolio

The firm will specialize in planning around the investment, retirement and insurance needs of the area’s working professionals and families nearing retirement.

On April 20, SS&C CEO said he is 'Very confident' now of GlobeOp takeover.

The nascent active exchange-traded fund space, currently populated by PIMCO, AdvisorShares and Guggenheim Partners, may soon get a new entrant.

Securities America, and other firms of varying sizes, are offering comprehensive support programs to lure new advisors, many of whom are trading commission-based firms for independence.

Institutions say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital buffer requirements on the industry, according to a report released by the Investment Company Institute.

The investment bank and brokerage said its bond trading revenue rose compared with last year's first quarter, stripping out an accounting quirk, even as its chief rival, Goldman Sachs Group Inc, posted a decline.

Trading on U.S. equity markets averaged 6.6 billion shares a day in March, according to Tabb Group. That was down from 6.9 billion in February.

Bank holding companies earned $2.84 billion from the sale of annuities in 2011, up 10.4% from the previous year, according to a new report from Michael White Associates.

On April 19, 2012, Global X Funds has launched a new exchange-traded fund offering access to master limited partnerships (MLP) which the firm says charges roughly half other ETF providers charge in this invest category.

Despite generally strong quarterly earnings and outlooks from companies in a variety sectors, the Dow Jones Industrial Average still fell another 68.65 points to end at 12,964.10 Thursday.