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New advisor hires from Bank of America Merrill Lynch this month are part of the firm’s national expansion plans.New advisor hires from Bank of America Merrill Lynch this month are part of the firm’s national expansion plans.

While corporations, consumers and governments are trying to get back on their feet following the global recession, continued volatility is pushing investors, especially high-net-worth investors, to pour their money into alternatives, which allow for broader diversification, said Gurinder Ahluwalia, president of Genworth Financial Wealth Management, at a media roundtable on diversification and new asset classes in New York City on Tuesday.

Charles Schwab has launched the Windhaven Portfolios, three broadly diversified separately managed accounts based on the assets and intellectual property of Windward Investment Management that Schwab acquired in November 2010.

Prudential Investments has launched two new real estate funds, the Prudential U.S. Real Estate and the Prudential International Real Estate funds, complementing the existing Prudential Global Real Estate and Prudential Real Assets funds.

Virtus Investment Partners has launched three new funds: the Virtus Allocator Premium AlphaSector, the Virtus Global Premium AlphaSector and the Virtus Global Commodities Stock funds.

The new offering will integrate absolute return funds that seek positive returns over a three-year period with less volatility than traditional asset classes.

Putnam Investments by midyear is planning to roll out three retirement income funds specifically designed for defined contribution plans, IRAs and other retirement accounts. The funds will be offered in conjunction with a planning tool to help both advisers and investors create a range of personalized income strategies.

LinkedIn is a powerful networking tool that can have a significant impact on your bottom line.

Due to “underachievement” in certain areas, the head of its P&C arm receives partial payout, while AIG chief Benmosche receives complete bonus.

Alternative investment funds which need to register with the Securities and Exchange Commission for the first time will find it a costly process, according to research firm Aite Group.

The reinstatement of the dividend was a surprise given that execs had been saying for weeks they didn't expect the company to start returning capital to shareholders until 2012.

If your client and referral events seem a little stale, freshen them up with these creative ideas for activities, themes and locations.

The new Naples, Fla.-based advisors join HighTower after the firm added four BofA Merrill Lynch advisors in Portland, Maine.

A federal judge in Dallas ruled against a $21 million settlement between Securities America and class action plaintiffs.

Alternative investment funds which need to register with the Securities and Exchange Commission for the first ttime will find it a costly process, according to research firm Aite Group.

Charles Schwab Corp. said it will acquire the online brokerage optionsXpress Holdings for $1.0 billion.

Risk managers appear to be warily optimistic about the U.S. economic recovery, the latest reading of the Risk Index from The Global Association of Risk Professionals shows.

The winners of the fourth annual awards, sponsored by New York Life/Mainstay Investments, will be feted at an awards dinner in Manhattan in May.

More investigation as to how a uniform fiduciary standard would affect consumers and the market is needed, a group of House lawmakers said in a letter to the SEC.

By following six simple steps, advisors can improve their writing and marketing communications.