Investments

One of the leading contenders to be the next chairman of the Federal Reserve, Lawrence Summers, has been a paid consultant to Citigroup and other financial institutions. Opponents of his nomination are sure to seize upon this.

While the regulatory reform effort is likely to continue on its current path if Janet Yellen, the Federal Reserve Board's vice chairman, is tapped to lead the central bank, the future is decidedly murkier if Larry Summers wins the post.

After a study found 53% of advisors intended to boost their allocation to U.S. equities, Denver-area CFP James Osborne took to Twitter to respond.

J.P. Morgan Asset Management has launched a new communications program designed to deliver a simplified explanation of its SmartRetirement series of target date funds. The new program will feature animation, infographics and simpler terminology.

Susan Bradley, founder of the Sudden Money Institute, discusses how advisors can best work with clients who win the lottery or inherit a large sum.

Firms scale their U.S. operations in hopes of netting the coveted ultra-wealthy international client.

Emerging market funds are battered, but there's a strong argument for staying the course.

Compared to their foreign peers, U.S. investors are skittish on emerging markets. Here's why some think they're missing the boat.

A run-down of the stories in this issue, which focuses on global strategy and taking advantage of emerging markets.

Plunge in risk tolerance and jump in cash sends index down for 2nd straight month.

Mark Tibergien, CEO of Pershing Advisor Solutions, wants to custody more client assets. Here's what he's offering in return.

Wheaton Wealth Partners reaches out to clients by "mind mapping" their emotional priorities first, then developing a plan and a portfolio.

With $73 billion in new flows, ETFs offer some clear views of the major market trends.

The housing market may be picking up, but many clients have decided to avoid homeownership entirely.

Federal prosecutors brought criminal charges against SAC Capital on Thursday. Dubbing SAC “a veritable magnet of market cheaters,” authorities argued that the company allowed a “systematic” insider trading scheme to play out between 1999 to 2010. It is deemed that the scheme generated profits for the firm in the hundreds of millions of dollars.

LPL Financial Holdings reported the strongest quarter in the company’s nearly three years as a public company, with net revenues topping $1 billion for the first time. LPL’s board of directors also announced the company’s quarterly dividend would be raised 40% to 19 cents per share.

Earlier this month, Nuveen Asset Management revealed that its Chief Equity Strategist and Senior Portfolio Manager Bob Doll will be taking on a new slate of equity funds including traditional, specialty and alternative funds.

J.P. Morgan Asset Management has launched a new communications program designed to deliver a simplified explanation of its SmartRetirement series of target date funds. Animation and infographics support the easy-to-understand terminology.

The Federal Reserve has made it clear that short-term rates are on lockdown until the unemployment rate drops from its current 7.6% to 6.5%. That gives ammo to money managers who say "cash is trash." A federal funds rate stuck near zero means cash will continue to deliver negative real returns for some time.

Raymond James Financial launched Portfolio Management Center, a portfolio management and research tool for its employee and independent-channel advisors.