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U.S. retirement assets rose 3% from year-end 2010 to $18.1 trillion as of March 31, the Investment Company Institute said.

When it comes to finding sub-advisory mandates, the size of the asset management firm is not a key consideration, according to a survey of 33 companies by Financial Research Corp.

A hedge fund services unit of Citigroup in Bermuda has become the latest in a line of third-party middle and back office service providers to be sued by the trustee liquidating Bernard Madoff’s firm to recoup collect funds for disgruntled investors. The unit, called Citi Hedge Fund Services Ltd of Bermuda, was the fund administrator for the Kingate Global Fund Ltd. and Kingate Euro Fund, feeder funds that invested in Madoff's Ponzi scheme. Madoff is now…

Of the small pool of homeowners still refinancing their mortgages, a growing share are trading in lower monthly payments for the opportunity to pay down their debt faster.

Did the Treasury Department act inappropriately when it sent a highly publicized — and very critical — comment letter to its own bureau objecting to a pending proposal? That's the question that was sparked in policy circles this week after the Obama administration blasted the Office of the Comptroller of the Currency's preemption plan, arguing it violated the intent of the Dodd-Frank Act.

LPL Financial, the nation's largest independent broker-dealer, has named David Reich as executive vice president of retirement platform development. Reich will continue to build out the firm's retirement platform, rolling out new services and technology and furthering the integration of technology platforms used by LPL advisors to support their retirement plan business. Reich was vice president and general manager for retirement strategies at Ameriprise Financial.

FINRA STEPS IN

Through financial therapy, Rick Kahler helps clients understand their past.

July

Risk-averse young investors own more stocksthan their predecessors did because of changes in retirement plan design.