Portfolio

Financial planners, watch your backs. Financial Engines, a retirement plan advisor co-founded by a Nobel Prize winner, completed an initial public offering Monday that blew the doors off the IPO market and affirmed investor belief in a business model that offers low-cost sophisticated retirement advice to individual investors.

Instead of gaining from the lessons that behavioral finance has to offer, much of the industry has treated it as a parlor game.

Donor-advised funds have gained in popularity as more private foundations have seen the benefits of the funds over the complexities of running their own foundation.

SIFMA and CMSA back Garrett's follow-up bill

American investors remain confused about this economic recovery, according to monthly data from Morningstar.

The Investment Company Institute is on board with many government reforms intended to make money market funds more secure, but not all of them.

SEI is offering enhanced, online portfolio and account monitoring services for wealth managers, to help them deal with increasing regulations concerning account reviews.

The unwinding of the Federal Reserve's liquidity programs is unlikely to boost the sickly yields on tax-free money market funds, participants say.

U.S. households increasingly are making retirement investment decisions on their own, often placing nest-egg balances in different types of accounts at multiple institutions. And a huge chunk of that money has gone into everyday banking products.

Redemption fees successfully protect mutual funds from short-term traders, whose churning can serious hurt fund performance, according to “Redemption Fees: Reward for Punishment,” authored by three researchers at Texas Tech University’s Division of Personal Financial Planning.