Portfolio

Not returning calls from a spouse or significant other may land you in the dog house, and the same goes for your million dollar clients. Waiting too long for a callback from an advisor was the number one reason, even more crucial than giving the right advice, that clients went looking for someone Check out the top five, according to research on millionaire clients from Spectrem Group and its subsidiary, Millionaire Corner.

“We see RIAs increasing market share by 0.5% to 1% a year,” said Scott Smith, an associate director at Cerulli. “as the full-service firms experience an erosive but not a catastrophic decline.”

Brown Brothers Harriman & Co. is looking to close the BBH Core Select fund (BBTEX, BBTRX) to new investors when total net assets in the fund reach approximately $3.5 billion.

If you want to avoid personal liability in, for instance, properly valuing the assets in funds you manage, involve other persons in the process is the “simple answer,’’ legal analysts say.

Long-term mutual funds experienced inflows of $7.04 billion for the week ended Wednesday, October 10, according to the Investment Company Institute.

EGShares, the ETF arm of Emerging Global Advisors, launched a new emerging market ETF that—in a twist—will track an investment index rather than a benchmark index.

Investors have self-insured themselves well for a repeat of 2008, said the chief economist of Oppenheimer. But they're not ready for 2013.

A team of six financial advisors have left Prudential to form Capstone Affluent Strategies, an independent wealth manager that has partnered with LPL Financial.

NICSA Wednesday presented Jan Clifford, former president of the MFS Service Center, with its Lifetime Achievement Award, at its general membership meeting in Boston.

Kansas City, Mo.-based Scout Investments has launched the Scout Emerging Markets Fund (SEMFX), becoming one of the latest new funds seeking to capitalize on growing investor interest in emerging market plays.