Money Management Executive Latest News

Despite continued economic and market uncertainty, most financial advisors still expect 2013 to be a good year according to a new poll released today by SEI. In fact, the vast majority of advisors polled (75%) think business profits will be better this year than last.

BNP Paribas Corporate and Investment Banking has made appointments in its Equity Derivatives Business in New York as part of its continued focus on the business in the Americas.

Bloomberg -- Stock brokers who are lured to new firms with signing bonuses of at least $100,000 will be required to inform clients under a rule approved by FINRA.

Bloomberg -- Morgan Stanley Chief Executive Officer James Gorman said his personal investments include municipal bonds and a biotech fund, while he favors global equities for his children’s accounts.

Bloomberg -- JPMorgan Chase & Co., seeking to end probes of a trading debacle that damaged its reputation for risk-management, agreed to pay about $920 million for failing to implement adequate controls and providing incomplete information to regulators and its board.

According to Federated Investors' 2013 Investor Mindset Survey, high-net-worth investors will begin making a decisive shift in their portfolios over the next 12 months with 24% planning to invest more in equities over the next year versus only 10% for bonds.

If forced to choose, most investors would seek to preserve capital rather than pursue higher returns, a survey by Natixis Global Asset Management has found.

(Bloomberg) -- Providers of money-market mutual funds and the states and corporations relying on them to manage cash will tell U.S. House lawmakers today to be wary of new regulation of the $2.6 trillion industry.

Bloomberg -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told employees to prepare for more legal woes while the bank undertakes an “unprecedented effort” to comply with regulations.

Heartland Funds is taking a fresh approach to registered investment advisor distribution, utilizing social media, video technology and an advisory council to better support advisors. These tools help the firm more efficiently use its resources to find out what advisors want and then tailor a support strategy based on this feedback.