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It's been more than a year since Richard Davies joined Russell Investments as Managing Director- Defined Contribution.

Ask recruiter Michael Castine about the state of mutual fund hiring now, and he brings up the Brad Pitt movie "Moneyball."

Fund firms are beginning to like social media and the devices their staffs use to communicate online with customers.

Only 16% of financial advisors are using social media to market their services. Here are seven baby steps any wealth manager can take to get started. Also see: 10 Online Tools Advisors Can’t Live Without 7 Facebook Basics for Financial Advisors 9 Steps to Grow Your AUM With LinkedIn 10 Critical Social Media Tips for Advisors 10 Steps to Twitter Success for Financial Advisors

Edward Jones plans to add about 8,000 advisors over the next eight years. If this ambitious goal can be realized or even approached, some of the success may be due to specialized efforts to recruit and acclimate new advisors from nontraditional backgrounds.

2012 TECHNOLOGY SURVEY: Spending on Social Communications Picking Up

There’s too much bullish bias and herd mentality among financial advisors who fear losing their jobs when they should be focused on long-term returns, value manager Jeremy Grantham says.

The acquisition adds 126 relationships and $200 million in assets to the San Antonio-based wealth advisory firm.

On June 22, 2012, Total money market mutual fund assets decreased by $20.86 billion to $2.533 trillion for the week ended Wednesday, June 20, according to data from the Investment Company.

Gus Sauter, managing director and chief investment officer of Vanguard, will retire from the firm at the end of the year. Mortimer J. “Tim” Buckley, a managing director, will succeed him.