Portfolio

Eight mutual fund companies have been named Best In Group, winning the 2013 Lipper Fund Awards for the U.S., with TIAA-CREF and Delaware Management Company collecting the top group awards.

A year ago, Ira Cohen would await the delivery a week or so ahead of time of a 1,000-page binder of agenda items and background to prepare for board meetings of the Valued Advisers Trust.

Here are the top firms according to their basic payout for producers at the $1 million mark.

Who Are the power house fund managers? Here are the heavy hitters who racked up the most Lipper Awards this year.

Total estimated inflows to long-term mutual funds were $11.85 billion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Total stock and bond mutual fund and ETF assets distributed by independent/regional broker-dealers and registered investment advisors grew at more than twice the rate compared to the wirehouse channel during 2012, according to newly released data from Access Data.

Returns may have been good, but revenue growth overall was weak among asset management firms in 2012.

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.