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Earlier this year BlackRock, the largest asset manager in the world, announced that it would follow Fidelity and Federated in making changes to its money market fund offerings.

The decline was due to the fiduciary trust businesses moving to a more open architecture platform and a drop in AUM in proprietary mutual funds.

The firm has had "significant expansion" with fast-growing teams in Chicago and St. Louis, which it expects to continue.

Third Avenue Management was sued by an investor who said the firm failed to maintain adequate liquidity despite signs the fixed- income market was increasingly volatile.

RBC's newest recruits generated $1.8 million in annual production, the firm said.

The Obama administration wants to ensure its plans can withstand congressional opposition before the president leaves office, experts say.

In its second acquisition in a year, EP Wealth lands woman-owned RIA on its way to its growth target of $5 billion in AUM.

On Wall Street unveils the biggest producers under age 40 at the super regional and regional broker-dealers.

Record redemptions, regulatory pressure and market volatility took their toll. But these 10 open-end high-yield bond funds are the largest trading in the U.S., and we've ranked them by net assets.

The slide of steadfast high-yield bond funds has advisors and their clients wondering what comes next.