Portfolio

The former UBS trader accused of unauthorized deals that cost the Swiss bank $2.3 billion pleaded not guilty to four fraud and false accounting charges in a London court.

Fidelity Investments last week did something last week that a decade ago likely was not imaginable – or feasible. The company best known for popularizing the no-load mutual fund said that, for the first time, it would allow retail investors to trade directly in foreign markets – and in foreign currencies.

Alex Murguia, managing principal of McLean Asset Management and CEO and founder of inStream Solutions, believes advisors should be aware of major changes underway in the planning profession—and should take proactive steps to safeguard their practices. Financial Planning talked to Murguia about his views on the outlook for RIA businesses.

$10 billion of equities change hands each day in the United States. $4 trillion of currency changes hands each day, globally. Which asset do you want to trade in?

The Dow Jones Industrial Average fell 74.17 points Friday to close at 12,660.46 while the Nasdaq managed to post a modest gain of 11.27 points to finish at 2,816.55.

Fidelity Investments did something last week that a decade ago most likely was not imaginable-or feasible.

Custom target date funds are beginning to proliferate at the expense of their off-the-shelf counterparts.

State Street to Develop Actively Managed ETFs; Investors (Again) Lose Faith in U.S. Equity Funds; Citi, Research Affiliates Expanding Bond Indices

Just a few days after Bob Oros left Trust Company of America as national sales manager, Fidelity Institutional Wealth Services has confirmed he will start next week as executive vice president of RIA sales and relationship management.

T. Rowe Price Group reported its fourth quarter 2011 results, including net revenues of $671.6 million, net income of $188.4 million, and diluted earnings per common share of $.73.