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Investors continue to turn their back on U.S. stock mutual funds. For the week ended April 4, investors pulled $4.27 billion from the funds, the largest weekly outflow so far this year.

According to Cerulli Associates, wirehouses have been focusing on high-net-worth investors for quite some time—but not very successfully. In the last three years, wirehouses’ share of the HNW market has dropped by 11%.

J.P. Morgan Securities, the advisor-based financial advisory business of JPMorgan Chase, has opened an office in Philadelphia.

Drawn by the independent business model, Douglas King is leaving a 25-year career at Merrill Lynch in Minnesota to become the Los Angeles-based president of Financial Network Investment Corporation, a Cetera Financial Group company.

Matt Lynch, a principal at Tiburon Strategic Advisors, has joined the board of directors of client account aggregation firm ByAllAccounts.

Advisors with a robust advisory process generally generate a high level of client loyalty and build lasting value in their firms. Here’s an interactive slide show detailing 5 things you can do to effectively manage client expectations and risk tolerance, enhance relationships and protect your firm's value.

Here’s an interactive slide show detailing 5 things you can do to effectively manage client expectations and risk tolerance, enhance relationships and protect your firm's value.

Associated Bank has hired Douglas Lee as senior vice president and trust manager on its investment advisory team in Green Bay, Wis.

Even not-so-wealthy clients now have a chance to participate in alternative investments, courtesy of a new mutual fund with a minimum investment of $1,000 from Wilmington Trust.

Van Eck Global’s Market Vectors ETF Trust has launched an exchange-traded fund that will focus on U.S.-issued “Fallen Angels”—corporate bonds that were rated investment grade at the time of their original issuance but which have since been downgraded to below investment grade status.