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“Volatility will create cheapness,” said Richard Hoey, chief economist, Bank of New York Mellon. “It’s a world of steel nerves. Investors and advisors will have to have a cool head, lean against the volatility, and realize when things are going too far in one direction or the other.”

Trust in the U.S. financial system has fallen to 20%in March from 26% in December, as measured by the Chicago Booth/Kellogg School Financial Trust Index, which surveyed 1,007 adults to obtain the reading.

Orinda Asset Management has launched the Orinda Multi-Manager Hedged Equity Fund, a fund that seeks long-term capital appreciation with an emphasis on risk-adjusted returns and reduced volatility.

Van Eck Global has launched the Market Vectors LatAm Aggregate Fund ETF, which will track the BofA Merrill Lynch Broad Latin America Bond Index.

Vanguard has reduced the investment minimum on its 12 Target Retirement Funds from $3,000 to $1,000. Previously, only the Vanguard STAR Fund, a balanced fund-of-funds, had a minimum of $1,000.

BOSTON - Managed accounts used to be for the wealthy, but in the last 18 to 24 months, they have become increasingly available to the mass affluent because of a reduction in costs and an increase in efficiency, said AJ Harper, managing director of Lockwood Advisors, an affiliate of Pershing, a BNY Mellon company, in an interview at the Money Management Institute annual conference here.

The key is turning that overriding motivation into actual results in the real world.

Community banks’ investment programs are not yet back to their pre-financial-crisis levels of success, but the numbers confirm that 2010 was a step in the right direction.

The previous minimum was $3,000 for eleven of the twelve funds in the series.

The new balance represents an increase of almost 12% from a year ago, and a 58% jump from the same period in 2009.