Portfolio

Morningstar today reported that investors added $51.9 billion to long-term open-end mutual funds in February building on inflows of $87.2 billion in January.

Legg Mason's officially got itself a hedge fund.

Among advisory services competing for the wealthiest clients, RIAs and multi-family offices are winning.

The firm's growth spurt has brought Washington Wealth’s total AUM, which was at a modest $100 million in December 2011, to well over $1 billion.

Two brand name firms are prolonging their exchange-traded fund distribution venture.

RIAs like to think of themselves as starkly different than their counterparts in the wirehouse channel -- in terms of fee structure, fiduciary responsibility, independence and, often, income. But a new study casts some doubt on the income part of that equation.

More advisors say tax deferral will become increasingly important in annuity sales. In a recent poll by the Insured Retirement Institute (IRI), 28% of advisors expect tax deferral to take on greater importance in the next five years, a “notable increase” from 20% of advisors expressing this opinion in 2011.

The first two months of 2013 marked net flows of $140 billion into stock and bond funds, the best start for the mutual fund industry on record, according to Strategic Insight.

At the outset, the U.S. Supreme Court's latest ruling against the Securities and Exchange Commission-that there is a five-year limit on bringing fraud claims- may sound like a victory for mutual funds and their advisors.

At the outset, the U.S. Supreme Court's latest ruling against the Securities and Exchange Commission-that there is a five-year limit on bringing fraud claims- may sound like a victory for mutual funds and their advisors.