Investments

Legg Mason is buying itself an early Christmas gift.

Financial organizations are pressured to shorten monthly reporting timeframes to achieve operational efficiency and reduce the time to produce detailed financial summaries.

Exchange-traded funds have had a banner year, reaching a new peak of $1.7 trillion in assets held, at the end of November. That's a gain of 24.5%, from last year. And a doubling from four years ago.

While the bloom is still on the alternative mutual fund rose, 2012 hasn't been as kind to alternatives as in years past.

BNY Mellon Chairman and Chief Executive Officer Gerald Hassell today unveiled several executive appointments to boost its investment management and services units.

Putnam Investments is looking to hire three defined contribution investment only wholesalers to join its DCIO sales team.

Fiscal cliff? What fiscal cliff?

While the overwhelming majority of advisors are bullish about 2013, they say their clients aren’t so positive.

State Street Global Advisors is prepping to launch a managed futures mutual fund early in 2013.

The good news for the merger and acquisitions market in 2012? Corporate profit margins have soared.

Brown Brothers Harriman launched a suite of ETFs designed to help clients access tools and reports through a single umbrella platform dubbed ETF Connect.

Investors sent money to municipal bond mutual funds for a sixth consecutive week, though at a decreased pace.

Charles Schwab's not the only fund firm grabbing headlines with its tech updates.

Morningstar today unveiled its nominees for the Morningstar Domestic-Stock Fund Manager of the Year award.

The Board of Trustees of the Altrius Small Cap Value Fund, a series of the Northern Lights Fund Trust, has decided to liquidate the fund on December 28, according to a Securities and Exchange Commission filing.

The exchange-traded funds space has had its fair share of successful launches and flameouts this year.

Schwab and Access Data, a Broadridge Financial Solutions-affiliated data management and analysis solutions provider, announced a new portal for mutual fund asset and sales data.

Chief executive officers' opinions of the economic outlook are virtually unchanged from the third quarter, according to the fourth quarter Business Roundtable CEO survey, released Wednesday.

“The findings are eye-opening for financial advisors because investors are clearly saying they are worried about the economic situation,” said Joe Ready, director of Institutional Retirement and Trust at Wells Fargo.

More changes in Securities and Exchange Commission leadership, which announced the appointment of a new senior advisor to the director in its division of investment management.