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Total estimated inflows to long-term mutual funds were $4.83 billion for the week ended Wednesday, April 10, according to the Investment Company Institute.

Genworth Financial Wealth Management will soon have new owners -- and a new name.

Bank of America’s wealth management division achieved record post-merger revenue, net income and AUM inflows.

Nationwide Financial is getting into the retirement market.

ING has announced that the share price on its IPO will be between $21.00 to $24.00 per share for a maximum of 64,166,667 shares of common stock offered.

The Vanguard Group is swapping target benchmarks for nine of its funds.

So many advisors feel alone, are afraid to admit it, and do not know what to do about it. It is a people focused job, true, you get to interact with your clients but so few have people to talk to about being an advisor. So Matt Halloran asks, what can you do to get out of your office and inspire your practice?

“The success of the wealth-management business is fundamental to where the stock goes over the next five years,” said Christopher Wheeler, a London-based analyst with Mediobanca SpA, who has a neutral recommendation on UBS shares. “It’s the core business, and a number of other businesses feed off it, not the least asset management.”

Bank of New York Mellon Corp., the world’s largest custody bank, reported a first-quarter loss after the U.S. Tax Court disallowed certain tax credits.

New product focuses on those approaching or already in retirement and is designed for maximized guaranteed lifetime income.