Last year was a brutal one for mutual fund performance, but that has not prompted bankers to revamp their lineups of preferred funds and fund families-possibly because they wisely erred on the side of caution and prudence in the first place.

"We've always been focused on quality, and we made the decision years ago not to get involved in certain types of funds," said Andrew Ellis, the president of UMB Financial Services in Kansas City, Mo.

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