Portfolio

Nationwide Funds Group, the mutual fund business of Nationwide Financial, has added five new wholesalers to its sales team.

Founded in 2009 aiming to serve women with online budgeting tools and financial advice, LearnVest morphed into a mass-market RIA firm last year and now has its eye on growth.

After hiring 3,597 full-time agents last year, New York Life is raising the ante, with a goal of adding 3,700 reps in 2013. Among the new hires, more than half are expected to be women or individuals who represent the “cultural markets,” as the company put it, referring specifically to the African-American, Chinese, Hispanic, Korean, South Asian, and Vietnamese communities.

Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.

New may not always be better, but it is what the retirement industry needs right now.

Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.

For the week ended March 6, investors steered an estimated $11.85 billion into mutual funds, up 41% from the previous week.

Here are the top firms according to their basic payout for producers at the $600,000 mark.

Bank Investment Consultant was on the scene at the annual BISA conference. Here we have culled the best bits to bring you the most interesting things we heard.

So how do Americans really feel about retirement saving and investing?