Investments

Broadridge Financial Solutions has agreed to acquire Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.

The Hartford Funds has named Brian Garrette and Michael Tobin divisional sales managers, overseeing the mutual fund company's south and west regions, respectively.

The core portfolio allocation for moderate investors has traditionally been a 60% equities and 40% fixed-income mix. But changing market dynamics may pose a challenge to this construct going forward for three important reasons that you and your clients need to be aware of.

Direxion has launched two leveraged exchange-traded funds that track Japanese equity market performance.

Janus Capital Group has appointment Jeff Pawliger as regional director with Janus' Advisor Solutions Group to spearhead the growth of Janus' intermediary distribution and sales in Southern Florida.

Following a bearish May, investor confidence shot up in June, according to the State Street Global Investor Confidence Index released Tuesday.

Direxion has launched two leveraged exchange-traded funds that track Japanese equity market performance.

Little Silver, NJ-based WBI Investments has added two mutual funds to its lineup: the WBI Absolute Return Balanced Plus Fund (WBPNX, WBBPX) and the WBI Absolute Return Dividend Income Fund (WBDNX, WBDIX), bringing the fund family to four funds.

BMO Financial Group is branching out its institutional asset management business in Melbourne, Australia, operating as BMO Global Asset Management. The new office will focus on institutional sales.

The new offerings bring the total number of Merrill Edge Select Portfolios to 12—the original 10 are primarily focused on total return.

The RiverPark/Wedgewood Fund (RWGFX, RWGIX), a focused large cap, open-end growth reached a milestone this week in hitting the $1 billion in assets under management mark.

Artisan Partners has launched a new active equity fund, Artisan Global Small Cap Fund (ARTWX), which will bet on small-cap stocks without regional contraints.

Investors remain wary of the financial sector, which is bad news for advisors. But by examining the best practices of successful advisors, we can all learn valuable lessons about how to strengthen trust and build greater public confidence.

Thirty eight percent of fund firms across the country said that they will increase technology-related costs while a total of 17% of respondents said they expected no change in whether their firm's technology costs would rise or decline for the rest of this year.

Exchange-traded fund investors pumped in some $84 billion of assets into equity ETFs while fixed income funds brought in $30 billion through May 31, according to data from State Street Global Investors.

Advisors needs and wants are moving targets and mutual fund wholesalers must constantly adjust to if they want to hit the bullseye.

The tax-exempt market took another beating Monday as the 10-year yield rose to a 24-month high and traders said demand for municipal bonds was still deteriorating.

Advisors needs and wants are moving targets and mutual fund wholesalers must constantly adjust to if they want to hit the bullseye.

Mercer has made three senior-level appointments to its global investments and retirement units in Europe and in the emerging markets.

AdvisorShares is prepping another active exchange-traded fund to add to its roster.