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Leaders of the Financial Services Institute expressed cautious optimism about their efforts to dilute or derail an initiative under way at the Department of Labor to broaden the scope of the term "fiduciary," a top policy priority for the advocacy organization.

Independent asset management firms will control two-thirds of industry AUM by 2015, McKinsey predicted.

What if a fund manager could eliminate the custodian bank when it lends securities to a broker overnight?

BOSTON-When it comes to mutual fund wholesaling, social media is a young man's game. Sales and distribution today are still all about in-person connections.

Total inflows to long-term mutual funds were $836 million for the week ended Nov. 9, the Investment Company Institute said Wednesday.

The Tax & Accounting business of Thomson Reuters has inked a deal with Thompson Hine LLP to provide clients with custom retirement plans that meet IRS requirements.

Living more frugally and paying off debt has paid off for one in five retirees -- but fewer are looking out to the future to estimate how long their assets will last in retirement.

Financial advisors are increasingly interested in hearing from asset managers’ marketing teams in a digital format, accessible via the Web, according to Kasina’s latest FA Vision report, created in conjunction with Horsesmouth.

Financial advisors are much more pessimistic now about the economy than they were in early 2011, a survey by MFS Investment Management found.

Financial advisers are increasingly interested in hearing from asset managers’ marketing teams in a digital format, accessible via the Web, according to Kasina’s latest FA Vision report, created in conjunction with Horsesmouth.