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The estimated U.S. mutual fund asset flows for July 2013 were released by Morningstar today. Investors added $15.9 billion to long-term mutual funds in July, driven by inflows of $7.9 billion into international-equity funds.

Visium Asset Management announced the launch of the Visium Event Driven Fund (VIDVX). This is the first mutual fund offering for the alternative asset management firm, which was founded in 2005.

As low interest rates and sluggish loan demand continue to make healthy profit streams from traditional deposit and lending activities harder to come by at financial institutions, investment programs are increasingly viewed as a critical channel for generating non-interest income.

Are you paying enough attention to your top 20 clients? Here are some tips to help you retain your best clients.

Bank of America has launched a campaign around socially responsible investing that is designed to enhance products and services available to a growing segment of clients concerned with value-based investing.

Two of the most influential organizations in the world of independent planners, the CFP Board and NAPFA, do not agree on the definition of one of the most hot-button terms in the profession: fee-only.

AMG Wealth Partners has taken a minority stake in Tarrytown, N.Y.-based Clarfeld Financial Advisors, a $4 billion firm with a London office that specializes in serving wealthy U. S. citizens living abroad. The investment is the second since the division was formed two years ago as a subsidiary of AMG, which has more than $470 billion in assets.

ESSA Bancorp in Stroudsburg, Pa., has agreed to a buy most of First National Community Bancorp's retail operations in Monroe County.

Financial institutions that must register with the IRS to meet their FATCA obligations can now begin the process by creating an account and providing required information.

Responding to increased client demand, the firm has launched new efforts to enhance its socially responsible investment options.

LPL wants its advisors to know that it has heard their complaints and is doing something about them.

Since 2008, investors have sought new investment strategies less affected by market downturns. At the same time, many hedge fund managers who survived the collapse with positive returns are looking to expand their offerings to the retail market. Adding budget cuts and new regulations to the mix creates a recipe for potential problems.

LPL Financial wants its advisors to know that it has heard their complaints and is doing something about them.

Umpqua names a former Citi Private Bank executive to lead growth in the San Francisco region.

The Public Company Accounting Oversight Board finds for the second year in a row that accounting firms and broker-dealers share a too-cozy relationship that prevents thorough, quality audits.

The majority of American workers accept responsibility for financing their own retirement and are relying primarily on their 401(k) to get them there, but many lack the confidence to effectively manage their retirement savings.

Raymond James has added to its Private Client Group (PCG) with a key senior management appointment.

Let’s start with the basics: If you are not engaging people on social media as a financial advisor, it’s time to catch up.

When President Obama unveiled his budget for the upcoming fiscal year, which begins on Oct. 1, it represented a wish list.

Cook County, home to Chicago, had the rating on $3.7 billion of general-obligation bonds cut one level to A1 by Moody's Investors Service because it faces ‘formidable hurdles’ in fixing its pension system.