Portfolio

Your dad’s generation could get away with investing domestically; your clients cannot.

Long-term mutual funds took in $12.75 billion in the week ended March 3, marking the 51st straight week for inflows, which now total $500 billion, according to the Investment Company Institute.

Reserve Management submitted court documents Thursday denying that it, founder Bruce Bent or his son Bruce Bent II intentionally tried to mislead investors in the flagship $62 billion Reserve Primary Fund into believing the now-defunct fund that broke the buck was solvent.

A bill to end private lenders' role in government guaranteed student lending — assumed to be on its way to quick enactment — has suddenly become a hotly contested debate.

Reserve Management submitted court documents Thursday denying that it, founder Bruce Bent or his son Bruce Bent II intentionally tried to mislead investors in the flagship $62 billion Reserve Primary Fund into believing the now-defunct fund that broke the buck was solvent. The defendants also requested a jury trial.

An upstart Washington, D.C., based online financial management firm has found a unique way to market to low and middle income individuals:

Long-term mutual funds took in $12.75 billion in the week ended March 3, marking the 51st straight week for inflows, which now total $500 billion, according to the Investment Company Institute.

After the stock market wiped away so many investors' wealth over the past two years, and amid disagreements among economists whether the recovery is sustainable, investors remain on sidelines—even though stocks are up 69% from their March 9, 2009 lows.

Assets held in domestic exchange-traded funds increased last month, but couldn’t quite keep pace with the Standard & Poor’s 500.

The company has already partnered with the city of San Francisco to offer wealth management services to its residents through direct mailings in their water and electric bills.