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Vanguard has announced it will pursue the small 401(k) market, i.e. plans with less than $20 million in assets and fewer than 1,000 employees, with low-cost, bundled plans administered by Ascensus.

Sub-advised mutual fund assets will grow 29% over the next five years, rising from $1.7 trillion to $2.2 trillion in 2016, Financial Research Corp. predicts. This will result in an 11% compound annual growth rate.

August saw the heaviest outflows of money from mutual funds since the financial crisis began in 2008, according to a new report from Morningstar.

Investors yanked $33.6 billion out of U.S. mutual funds in August, one of the biggest months on record with redemptions, according to Strategic Insight. Year-to-date, redemptions have totaled $21.2 billion, according to the research firm.

After underperforming its benchmark and losing two-thirds of its assets under the watch of Harry Lange, the Fidelity Magellan Fund has a new manager. Jeffrey S. Feingold is now running the $17.4 billion fund.

Life insurance agents are expressing concern about a proposed change emanating from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

SAN DIEGO--The FPA Experience 2011 annual conference here this week had one of the most colorful Americans in recent history as its first keynote speaker: Frank Abagnale Jr., the notorious imposter and check counterfeiter featured in the hit film, "Catch Me If You Can."

How UBS could not prevent 31-year-old trader Kweku Adoboli from blowing $2 billion of its capital remains the question of the day. Here’s what’s been gleaned in the past 24 hours.

Long-term-care insurance is not a very popular product. It can require many years of expensive premium payments, and any care that is provided may not occur until very late in life. While the easy choice may be to not buy insurance, that may not be the best choice.

The Financial Planning Association, anxious to build its cache of student chapters at colleges across the country, set aside time at the organization’s annual conference in San Diego this week to instruct young attendees how to start their own chapters.