Portfolio

The programs generated a generous $521.6 million in income for the banks in 2012, the most they have ever produced in the five years that such data has been collected.

Investors poured a record $246 billion into mutual funds and exchange-traded funds in the first quarter, according to industry tracker, Strategic Insight.

“As investor confidence grows and perceptions of wealth management firms improves, so do advisor perceptions of their firm, particularly among independent advisors,” the J.D. Power study reported.

A group representing charitable organizations said it is concerned about a proposed cap to the charitable tax deduction included in President Obama's budget plan.

The suitability of leveraged and inverse exchange-traded funds climbed on FINRA’s Enforcement hit list last year.

Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.

A quarterly Northern Trust survey of investment managers reveals optimism about the economy in the first quarter, buoyed by positive expectations for housing, jobs and corporate profits in the face of across-the-board federal budget cuts went into effect on March 1.

Mutual funds gained $8.84 billion for the week ended Wednesday, April 3, according to the Investment Company Institute.

The Wealth Consulting Group, an affiliate of Strategic Wealth Associates, announced it has hired former Major League Baseball athletic trainer Stephen Sayles as a registered representative.

Bill Gross raised the holdings of Treasuries held in his $289 billion flagship fund at Pacific Investment Management Co. to 33 percent of assets last month, the highest level since July.