Portfolio

BNY Mellon has opened its first wealth management office in the Cayman Islands as part of an effort to expand the firm’s global capabilities to serve international clients, the wealth manager announced Wednesday.

The Global Investment Committee of Morgan Stanley Smith Barney said in its January 2012 market commentary that it expects not just Europe, but the United States, to slip into recession.

The Global Investment Committee of Morgan Stanley Smith Barney said in its January 2012 market commentary that it expects not just Europe, but the United States, to slip into recession.

State Street Global Advisors is not only going to sell its own funds and partner with other asset managers that do not have the regulatory wherewithal to go it alone.

New M&A data from Schwab seems to suggest that the RIA space is not consolidating as fast as some have predicted it would – though the final analysis depends on how you define consolidation.

The Dow Jones Industrial Average surged up 83.10 points to 12,758.85 Wednesday after the Federal Reserve announced it will not raise interest rates until at least late 2014 and added that it expects to maintain a “highly accommodative” stance to support the recovery.

Citi Fixed Income Indices and Research Affiliates have come together to develop a new series of investable bond indices based on the Research Affiliates Fundamental Index methodology.

AdvisorShares Investments, a sponsor of actively managed ETFs, announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading on Jan. 26.

Investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

According to statistics released today by the Investment Company Institute, investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.