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On August 1, 2012, Multi-manager fund firm Virtus Investment Partners yesterday reported that it had positive net flows for the 13th consecutive quarter, and increased sales in long-term open-end mutual funds year over year.

Citi Private Bank has hired Deutsche Bank executive Steven Young as a managing director and ultra-high-net-worth private banker in New York.

On August 1, 2012, The Oakmark Equity and Income Fund (OAKBX) reopened to all investors effective today.

Steve Sanduski, The Prosperous Advisor, says some advisors are uncomfortable explaining their value and justifying their fees. If that's you, it's time to stop discounting your value by following these simple steps.

The days of filling a conference room with prospective clients for a retirement planning seminar at the local Holiday Inn are pretty much over. If advisors really want to grow their assets under management these days, they need to get mobile and social as soon as possible.

In the ongoing consolidation of the independent B-D space, insurer AIG's acquisition of Woodbury Financial Services brings the smaller firm in from the cold where it has become increasingly challenging to survive without a larger parent company.

Strong commodity demand will propel economies and firms throughout Latin America.

On August 1, 2012, Money-market fund companies have doubled lobbying efforts to convince regulators and lawmakers that they aren’t a threat to the financial system. The money may have been well-spent.

The tax-exempt market turned to the primary market for direction Tuesday as traders looked to see how this week's balance of supply and demand would play out. Munis ended flat for the day after two sessions of losses.

German banking giant Deutsche Bank announced Tuesday that it is eliminating 1,900 jobs - including 1,500 at its investment bank - in a move it says would reduce expenses by 350 million euros, or roughly $430 million in U.S. dollars.