Portfolio

Cowen Group said it agreed to acquire Algorithmic Trading Management, a provider of customized code for executing trades electronically.

There has been no New Year’s bounce, says Raymond James Equity Research. Trading in stocks in the United States in the first half of January is down 18% versus a year ago.

Stocks moved higher Tuesday in light trading as the Dow Jones Industrial Average moved up 60 points to finish at 12,482.07 while the S&P 500 and Nasdaq picked up 4.58 and 17.41 points, respectively.

Legacy expert attorneys Andy and Danielle Mayoras say the billonaire's case serves as a reminder that too many people make the estate planning mistake of relying on verbal or written promises that contradict their will or trust.

The SEC has charged an investment advisory arm of UBS with overstating the prices of securities in three mutual funds, some times by more than 100%.

Two large RIA firms have launched their own apps in the Apple and Android store, putting them ahead of the field in the race to maintain contact with clients.

The proceeds will be used in areas that Jefferson National anticipates will translate into growth.

Almost six in 10 millionaires believe they have an obligation to give back to their communities, unchanged from 2008, when the U.S. economy went into a tailspin, according to a PNC Wealth Management survey.

After a gloomy 2011, this year the outlook for regional banks seems better, according to S&P Capital IQ.

When broker-dealers give money to California school bond campaigns, it appears to be money well spent. A review of campaign finance records found a nearly perfect correlation between broker-dealer contributions to California school bond efforts in 2010 and their underwriting subsequent bond sales.