Portfolio

Bank of the West Wealth Management has hired Scott Cripps to oversee the group’s fiduciary responsibilities to affluent and high-net-worth clients.

The Dow Jones Industrial Average shed another 33.45 points to finish at 12,598.55 Wednesday while the Nasdaq and S&P 500 lost 19.72 points and 5.86 points, respectively.

On May 16, 2012, a new study reveals that financial advisors are shunning traditional diversification and portfolio construction for sexier alternative investment strategies.

On May 16, 2012, institutional investors say they're increasingly turning to exchange-traded funds for their investment needs, according to a new Greenwich Associates study.

On May 16, 2012, State Street Global Advisors appointed Michael Spellman as regional sales director, global cash, reporting to Barry F.X. Smith, senior managing director and global head of SSgA’s cash business.

On May 16, 2012, a social media research report from kasina places iShares, Vanguard, Putnam, Russell Investments, and OppenheimerFunds as the Top 5 social media leaders in asset management.

On May 16, 2012, a new ICI stoidy said requiring money market fund advisers to hold capital to support their money market funds would fundamentally change the nature of these funds.

Advisors know the days of buy-and-hold investors with 60/40 portfolio allocations are over. But if a 60/40 allocation is no longer relevant, what is the right mix?

For the week ended May 9, investors pulled an estimated $2.41 billion from U.S. stock mutual funds. Since the beginning of the year, the funds have lost more than $34 billion in outflows.

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