Portfolio

More than 800 exchange-traded funds trade daily in the United States. How can advisors choose? Two experts reveal what advisors need to know to successfully use these products.

A New York federal judge ruled Wednesday that the Securities and Exchange Commission’s lawsuit against Reserve Management, its founder, Bruce Bent, Sr., and his son, Bruce Bent II, can proceed since the SEC adequately proved they committed fraud through misstatements and omissions of facts about the flagship Primary Fund.

Ask a broker why 12b-1 fees exist and you’ll get a variety of answers. The SEC's chairman said there should be greater transparency around the fees, which could be as high as 1%.

The Baltimore fund company is considering fixed income and equity strategies and is not planning on cloning any existing funds.

"Almost Hard to Fathom," Mier Said.

Sale would be part of effort to sell $715 billion in non-core assets

The investment bank buys the PE advisory business of the former Lehman jewel as it continues its global expansion; will more fund-raisers be targeted?

The Securities and Exchange Commission has received just over 200 comment letters since it posted its proposed roadmap for transitioning to International Financial Reporting Standards on its website in 2008, and it’s now receiving some extra suggestions ahead of its deliberations on the roadmap on Wednesday.

Spectrem Group’s Affluent Investor Confidence Index rose three points to negative-10 in February, returning to neutral territory for the first time since November. The increase in the index, which measures the investment outlook of households with $500,000 or more in investable assets, follows a two-point advance in January and brings the index to neutral from mildly bearish for only the second time since February 2008.

A “new frugality,” born of The Great Recession and two consecutive years of declining consumption—the first time since the Great Depression—is becoming entrenched consumer behavior that will persist for years even as the economy rebounds, inevitably reshaping marketing strategies for financial services and other leading companies, a Booz & Co. survey of 2,000 U.S. consumers shows.