Portfolio

T. Rowe Price Group Inc., the asset manager that posted a profit every quarter since going public in 1986, reported first-quarter revenue that missed analysts’ estimates as institutional clients pulled money.

Linscomb & Williams, a fee-only RIA with $2 billion in assets under management, announced Tuesday it is opening an office in Birmingham, Ala.

Fidelity says the new desktop will enable the “anywhere advisor."

The Money Management Institute last night announced the winners of its 2013 Industry Leadership Awards at its Gateway to Leadership Dinner in New York City.

T. Rowe Price Group has no immediate plans to begin offering active exchange-traded funds, the Baltimore Business Journal reports.

A flood of traffic took down Charles Schwab & Co.’s website late Tuesday.

Executives at Waddell & Reed Financial have a few billion reasons to smile.

kasina’s new social media report ranks Vanguard, Sun Life, iShares, Putnam and Franklin Templeton Investments as the top five asset managers for social media practices.

Russell Golden was named as the next chairman of the Financial Accounting Standards Board, effective July 1, 2013.

Southwire Co., the privately-held wire and cable manufacturer, has asked a U.S. court to review a regulatory decision that cleared the way for BlackRock’s planned exchange-traded fund backed by copper.