Investments

With tablet and smartphone use on the rise, there is no shortage of finance applications for such devices.

In real estate, the three keys are location, location and location. But in the case of Charles Schwab's latest ETF Investor Snapshot, the keys are real estate and more real estate.

Hennessy Advisors has completed its buy of FBR Funds today as planned. The acquisition brings the Novato-Calif.-based company's total AUM to $3.1 billion.

Flows into target maturity funds have remained strong with nearly $12 billion flowing into the category during the third quarter, according to data from Morningstar.

Last week, the Board of Trustees of AIM Sector Funds voted to revamp the Invesco Utilities Fund’s mandate, subject to the approval of the fund’s shareholders at a special meeting to be held in February 2013.

U.S. stock and options markets closed today, the first unscheduled, market-wide shutdown since September 2001, and may remain closed Tuesday, the Wall Street Journal reports.

Demand for liquidity has advisors saying they're planning to boost ETF use, according to a Guggenheim survey.

Stocks fell around the world and gasoline rose as Hurricane Sandy threatened U.S. East coast refineries and closed equity trading. Italian two-year notes dropped for a sixth day and the euro weakened.

Wells Fargo Advisors Financial Network has added four practices.

Huntington Funds is on a roll.

By almost any measure, trust in financial services firms have fallen to new lows or close to them.

Goldman Sachs is calling it quits in Brazil, Korea and India.

Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.

Boston gathering to be rescheduled due to hurricane

A delegation of fund firms, including BlackRock and Fidelity Investments, who are meeting with the Securities and Exchange Commission and Treasury Department officials today to discuss proposals for a potential compromise on money market fund reforms.

Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.

Goldman Sachs is calling it quits in Brazil, Korea and India.

Since Hatteras Funds acquired the Alpha Hedged Strategies Fund in 2009 from AIP Mutual Funds, the fund family has grown to $700 million in assets under management.

Money Management Executive, in conjunction with co-sponsor NICSA, presented the 2012 NOVA Awards on Oct. 18 at NICSA's General Membership Meeting in Boston.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund - U.S . Government Portfolio, effective October 19.