Portfolio

Nancy Grady has joined Northern Trust as Head of Fund Administration and Fund Accounting-Americas, overseeing fund accounting, regulatory administration, financial reporting, tax and other services for registered and unregistered mutual fund products.

“It’s a good time to be an advisor,” said IRA Expert Ed Slott. “There’s a tremendous opportunity now because you have certainty.”

Independent Financial Partners, a Tampa, Fla., based registered investment advisory firm, has launched IFP Insurance Group.

Michael Mauboussin, chief investment strategist at the Legg Mason Inc. unit that’s home to Bill Miller, left the firm last week.

The impact of last week’s tax accord in Congress -- officially known as the American Tax Relief Act of 2012 -- is likely to be far wider and more complex than many have imagined. And many of these complexities will directly impact financial advisors.

In the wake of the newly-passed American Tax Relief Act of 2012, it’s likely many wealthy clients will continue to make large family gifts. If they are giving away hard-to-value assets, they might consider following a tactic from the Wandry case, decided by the Tax Court in 2012.

Total money market mutual fund assets increased by $37.78 billion for the week ended Jan. 2, according to the Investment Company Institute.

The end of December was a "dud" for flows into equity mutual funds, reports Jeff Tjornehoj of Lipper.

The last-minute tax deal cobbled together in Washington contained several key elements for estate planning. Now advisors can break the good news to wealthy clients:

Here we present a new look at our Top 50 Bank Advisors list, reshuffled and ranked by AUM (and then we cut it down to just the top 20).