Portfolio

Senate Bill Would Disclose Projected Income of 401(k) Balances

Thirty years after the Securities and Exchange Commission allowed an exemption to help mutual funds pay for promotional sales and marketing expenses, the agency is once again considering revising or renaming these controversial charges, known as 12b-1 fees.

The House passed a regulatory reform bill 223 to 202 on Friday that would significantly reshape the financial framework.

The House of Representatives refused to give rule-making authority over many investment advisory firms to the Financial Industry Regulatory Authority.

Charles Schwab Investment Management announced Friday that trading has begun in two new exchange-traded funds, with no online trading commissions for Schwab clients and low operating expense ratios.

On Wall Street, Top 40 Advisors Under 40

The majority of high-net-worth investors have stuck with their financial advisers despite heavy losses to their portfolios as a result of the financial crisis that have left them “highly distrustful and disillusioned."

The economy may not have bounced back, but consumer confidence is on the upswing.

Disenchanted with mutual funds, some investors are turning to a pair of online registered investment advisory firms to create managed accounts that mimic the investments of preselected managers.

Long-term mutual funds took in $7.11 billion in the week ended Dec. 2, marking the 38th straight week of sales, which now total $384 billion for the period, the Investment Company Institute said.