Portfolio

The divide within the financial industry creates confusion that ultimately puts the financial security of everyday consumers at risk, write NAPFA execs Dave O'Brien and Geoffrey Brown.

MainStay Marketfield was supplanted as the largest alternative mutual fund after assets dropped to $7.3 billion as of Feb. 28 from more than $21 billion a year earlier, according to data from Chicago-based Morningstar Inc. The $8.1 billion Gateway Fund now holds the distinction.

Tax season isn't supposed to be fun. But if your civic duty feels extra unpleasant this year, you're not imagining things. Here are four reasons this tax season really is the worst.

It's 'not what I would consider to be planning,' said RCS Capital CEO Michael Weil during a Citi Asset Management Investors Conference in New York.

Client behaviors, preferences and expectations have undergone some big changes. Old ways of engaging with prospects and clients fall flat in this new world. That's why reinventing their client engagement models - and the supporting business processes - must be a high priority for asset management and wealth advisory firms.

Why companies should have to offer low-cost funds in 401(k)s; Plus three secrets to maximizing Social Security spousal benefits.

As federal regulators mull rules to extend anti-money laundering requirements to advisors, industry members might want to act on their own to set up formal programs to screen for suspicious activity.

Many investors traditionally bought high and sold low, losing out on market averages. But a new Morningstar report shows that the typical investor now is posting returns that are closer to those of mutual funds.

A majority of Americans continue to be concerned about the privacy and safety of their personal and financial data when filing their tax returns online.

The client redemptions that plagued Bill Gross at his old job have followed him to his new one as well. Gross’s Janus Global Unconstrained Bond Fund suffered its first month of net withdrawals since he joined, with clients pulling $18.5 million from the fund in February, Morningstar estimated.