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One RIA has found an attractive niche: Americans working in the Middle East. The foreign focus has helped him accumulate $470 million in assets, but it is not without its hurdles.

The largest purveyor of money market mutual funds in the United States this month told the Financial Stability Oversight Council that no further reform of such funds is necessary.

First Trust Advisors has launched another actively managed ETF.

Tax-exempt money market funds saw modest inflows as they reversed the recent outflow pattern.

Inflows to municipal bond mutual funds ticked up this week to $324 million, making it eight consecutive weeks in the red.

No additional congressional action is planned before the start of the cuts, to be split between defense and non-defense spending. The across-the-board reductions will total $1.2 trillion over nine years, with $85 billion set to take effect in the remaining seven months of this fiscal year.

Observers say it's unlikely Congress will be able to strike a deal to stop across-the-board budget cuts from going into effect, raising concerns for bankers and regulators alike.

A growing number of community banks are experimenting with traveling employees and student part-timers to cut branch expenses.

The Cape May, N.J.-based community bank has a investment services program that would make most rivals envious. And it has a rapidly expanding assets under management to prove it.

It's a five-letter word that packs a powerful punch in the advisor world. If you're "listening down" to your clients, you don't get it. Here's what you need to know.