Mutual funds

Oppenheimer Funds and Putnam Investments have won top honors in the 11th annual NOVA Awards for innovation in the investment management industry.

Despite continued economic and market uncertainty, most financial advisors still expect 2013 to be a good year according to a new poll released today by SEI. In fact, the vast majority of advisors polled (75%) think business profits will be better this year than last.

BNP Paribas Corporate and Investment Banking has made appointments in its Equity Derivatives Business in New York as part of its continued focus on the business in the Americas.

Bloomberg -- Stock brokers who are lured to new firms with signing bonuses of at least $100,000 will be required to inform clients under a rule approved by FINRA.

Bloomberg -- Morgan Stanley Chief Executive Officer James Gorman said his personal investments include municipal bonds and a biotech fund, while he favors global equities for his children’s accounts.

Bloomberg -- JPMorgan Chase & Co., seeking to end probes of a trading debacle that damaged its reputation for risk-management, agreed to pay about $920 million for failing to implement adequate controls and providing incomplete information to regulators and its board.

According to Federated Investors' 2013 Investor Mindset Survey, high-net-worth investors will begin making a decisive shift in their portfolios over the next 12 months with 24% planning to invest more in equities over the next year versus only 10% for bonds.

If forced to choose, most investors would seek to preserve capital rather than pursue higher returns, a survey by Natixis Global Asset Management has found.

(Bloomberg) -- Providers of money-market mutual funds and the states and corporations relying on them to manage cash will tell U.S. House lawmakers today to be wary of new regulation of the $2.6 trillion industry.

Bloomberg -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told employees to prepare for more legal woes while the bank undertakes an “unprecedented effort” to comply with regulations.

Heartland Funds is taking a fresh approach to registered investment advisor distribution, utilizing social media, video technology and an advisory council to better support advisors. These tools help the firm more efficiently use its resources to find out what advisors want and then tailor a support strategy based on this feedback.

BNY Mellon Wealth Management is moving to a larger office space in West Palm Beach to accommodate growing business in Florida, the wealth manager announced Tuesday.

A new study by retirement and investment trends research firm Hearts& Wallets, LLC found that more retirement firms are considering the lifetime value of consumers-currently 55%, up from 43% in 2010-showing an increased focus on younger investors.

How to do more with less? It is a key challenge facing all investment management industry participants, as they strive to deliver outstanding customer service while wrestling with intensifying regulatory demands, and the need to manage risks and control costs.

BNY Mellon Wealth Management hired Tracy McCarthy to lead its Denver office as regional president. She will reports to David Emmes, president of U.S. Markets West.

John Roth, manager of Fidelity Investment's New Millennium Fund, opens up to MME about the tensions between active and passive management, hard lessons learned during the financial crisis of 2008, and the biggest challenges he sees ahead.

With heavyweights like Pacific Investment Management Company (PIMCO) throwing its hat into the managed futures mutual fund ring, interest from both investors and asset management in this investment vehicle appears to be rising.

(Bloomberg) -- Bank of America Corp.’s Merrill Lynch unit must face a lawsuit filed by two trusts that hold and administer mortgages on behalf of investors who own more than $1 billion worth of securities collateralized by the loans.

S&P Capital IQ, a business line of McGraw Hill Financial, announced the opening of a new office in Mexico City from which it will both provide a variety of investment and credit in-depth information analysis tools and research for local financial professionals as well as increase data coverage of Mexican and Latin American securities,

Advisors who want to work with the next generation of millionaires will need to roll up their sleeves.