Money Management Executive Latest News

BOSTON-When it comes to mutual fund wholesaling, social media is a young man's game. Sales and distribution today are still all about in-person connections.

Total inflows to long-term mutual funds were $836 million for the week ended Nov. 9, the Investment Company Institute said Wednesday.

Financial advisers are increasingly interested in hearing from asset managers’ marketing teams in a digital format, accessible via the Web, according to Kasina’s latest FA Vision report, created in conjunction with Horsesmouth.

Living more frugally and paying off debt has paid off for one in five retirees—but fewer are looking out to the future to estimate how long their assets will last in retirement.

Regulators implementing the Dodd-Frank Act are writing massive, complicated rules that corporations will maneuver to exploit and federal examiners will struggle to enforce

Not only do Americans expect to work longer to save enough for retirement, they expect to work way longer beyond that. New research by Wells Fargo shows that the anticipated retirement age has now stretched as much as 15 years past age 65.

Banks may be on shaky ground, but 43% of Americans see them as a trusted source for retirement advice, according to a survey by Hearts & Wallets. This is an increase from 41% a year ago.

HSBC Jintrust Fund Management has launched an on-shore RMB money market fund in China, raising RMB1.16 billion, or US$178 million, in its initial public offering, ended Oct. 28.

Fidelity has rolled out the next-generation of its Fidelity Investments for iPad app, available for free at the App Store or by updating an existing Fidelity iPad app.

Nearly nine out of 10, 87%, of Americans think the country will fall into another recession within the next two years, a Country Financial survey finds. However, only half, 51%, say they are prepared to handle it financially.