Portfolio

Among the many provisions of the American Taxpayer Relief Act of 2012, Coverdell education savings account tax benefits were made permanent. Thus, ESAs have caught up with 529 plans, which were awarded permanent tax preferences in the Pension Protection Act of 2006. Does this mean ESAs can play a vital in clients’ education planning?

PALM DESERT, Calif.—Developing products to meet intermediary demands is one challenge but a whole new can of worms is opened once that product hits the market.

The second set of reforms of the money market mutual fund industry now being considered will be an “interesting test case” of regulators’ ability to conduct effective analysis of the costs and benefits of rules they institute, according to a former director of the Division of Trading and Markets at the Securities and Exchange Commission.

PALM DERSERT, Calif. Hurricane Sandy caused major disruptions in the financial services industry.

BlackRock is cutting about 300 jobs, extending a reorganization that included the shakeup of its investment units last year.

Federal regulators would “like to codify exemptive relief” from provisions of the Investment Company Act of 1940, so they can focus on more innovative fund applications.

A managing director of Charles Schwab Investment Management said the money market mutual fund industry has ‘nothing to hide’ about the value of its assets. Floating the stated value of each share of a fund, however, would result in “a lot of imposed inconvenience.’’

A managing director of Charles Schwab Investment Management said the money market mutual fund industry has ‘nothing to hide’ about the value of its assets. Floating the stated value of each share of a fund, however, would result in “a lot of imposed inconvenience.’’

Two-thirds of active U.S. equity assets are managed by defined contribution investment only managers, says a new joint report from FUSE Research Network and BrightScope.

Company A last year pumped up its revenues by 44.6%-from a base of $108.2 billion.