Portfolio

Mutual funds saw inflows of $7.95 billion for the week ended Wednesday, October 17, according to the Investment Company Institute.

T. Rowe Price Group said today that the Baltimore-based investment management company finished up 2012’s third quarter with about $574.4 billion in assets under management, marking a $32.7 billion increase over the period.

Strong companies may offer shelter from the storm for some investors, according to JPMorgan Asset Management.

Brown Advisory, a Baltimore-based independent investment management firm, hired Christopher Bartlett as a partner in its Baltimore office.

Almost one in two consumers (47%) say they keep the majority of their assets with banks, up from 44% in 2011. Self-directed firms and full-service brokers, in contrast, had only 28% and 15% of the market, respectively.

The hybrid RIA firm says it chose LPL after a 'Bachelor'-style bakeoff.

When it comes to revenue and expense management, the investment management industry is fragmented and in need of an overhaul, according to a recent survey of EMEA investment managers by Bonaire Software Solutions.

The rapid growth in exchange-traded funds is making the landscape a treacherous one for investors and advisors alike. Enter State Street Global Advisors.

Paladyne Systems has appointed Paul Cucurullo as senior director of sales to lead and develop the Paladyne offering for long-only asset managers and investment advisors.

Marc Jimenez, former regional director for Dimensional Funds, a $240 billion mutual fund family, has joined Cambridge Southern Financial Advisors to run the firm’s new Denver office.