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DWS Investments, the retail mutual funds arm of Deutsche Bank, on Wednesday named Michael J. Woods as regional head and CEO, adding those titles and responsibilities to his current role as U.S. head of distributions.

Outflows from equity funds totaled $25 million in the week ended May 18, the Investment Company Institute said.

The funds are tied to Russia and to global agribusiness.

For portfolio managers of municipal bond funds, the past several months haven’t been for the faint of heart. Still, muni fund managers report mixed experiences in riding out the prolonged flood of outflows.

With subprime making a comeback in the auto lending sector, many experts are wondering if it is only a matter of time before the financial industry reverts to the fervid lending of yore.

New ABA chief Frank Keating is a delegator who relishes political networking. In other words, he's nothing like Ed Yingling, the group's former CEO, who could pretty much do ...

Guaranteed living benefits were adopted, when they were offered with variable annuities, 86% in the first quarter, according to LIMRA. That was down from a peak of 90% in the first quarter of 2009, notes Dan Beatrice senior analyst, retirement research with LIMRA.

It turns out the merely comfortable are expecting better performance from the economy and their individual investments through the remainder of the year than those residing in highest tax brackets.

Morgan Stanley Smith Barney made the inevitable official by allowing a test group of 600 wealth management advisors to use Twitter in a limited capacity to connect and interact with clients and prospective new clients.

The Securities and Exchange Commission Wednesday adopted rules that could reward individuals who blow the whistle on illegal activity in securities markets, with bounties on successful prosecutions where sanctions exceed $1 million.