The firm's primary focus is assisting individuals in the management of their securities portfolios.

The fall partly reflected write-downs on the securities portfolio.

The latest rule change, requiring listed companies to disclose the value of their securities portfolios, is to be phased in.

A money manager is simply a business that manages stock and other securities portfolios or baskets of investments for an investor.

But footnotes to its annual report showed that the market value of its securities portfolio had declined by $480.8 million.

Some parents borrow against their securities portfolios to pay for their children's educations.

The firm's securities portfolio now topped six billion.

This factor was cited as a major source of model risk for mortgage backed securities portfolios during the 2007 crisis.

The firm said yesterday that it had liquidated 82 percent of its securities portfolio last week.

In the past, Japanese companies have carried their securities portfolios at book value, rather than at current market prices.