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Outflows among tax-exempt money market funds continued to fluctuate in the week ended May 27 as $1.84 billion fled the industry and total net assets settled at $257.43 billion, according to The Money Fund Report, a service of iMoneyNet.com.

The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.

Money market mutual fund assets increased by $12.20 billion to $2.613 trillion for the week ended Wednesday, May 29, according to data from the Investment Company Institute.

Henderson Global Investors' foray into the US market began at an inopportune time: It launched its first three funds on August 31, 2001, days before the September 11 attacks.

Alternative mutual funds are making their way into the market via mutual fund firms, hedge funds, private equity shops and now banks.

Hartford Funds has named Wellington Management Company’s Nanette Abuhoff Jacobson as global investment strategist.

Matthews Asia is closing its Gold-rated Matthews Asia Dividend Fund (MAPIX), which bets on income-paying stocks in the Asia Pacific region, to new investors on June 14.

Brock Loen says he uses the same skills to raise three sons as he does to supervise his 21 brokers at Davidson. His mantra: "Being fair with everyone, accessible at all times, and telling each other the truth."

Catherine Lapadula is a hard-charging woman who says she is doing what she loves and sitting where she always wanted to sit—in the manager's seat at UBS's international wealth management operation in New York City.

What is a “madvocate" and how can you insure they aren't contagious?

Becoming a widow or getting divorced are extreme changes in a woman’s life and they come with extreme emotions. For advisors working with these clients it is critical to understand the role grief plays in the process of making decisions.

T. Rowe Price is selling off its subsidiary, T. Rowe Price Savings Bank, to Jacob Safra for some $24 million in cash, the firm revealed today in a filing.

State Street Global Advisors has added two more SPDRs to its lineup: the SPDR S&P Global Dividend ETF (WDIV) and the SPDR Barclays 1-10 Year TIPS ETF (TIPX).

Mutual fund assets inched up by $179.6 billion, or 1.3%, to $13.856 trillion in April, according to data from the Investment Company Institute.

Building a well-diversified portfolio requires some "real assets," which has some advisors examining investing in unique global commodities.

Wealth managers who want to grow their business should start coveting their competition’s clients.

When it comes to succession planning, starting early, preparing well and mentoring all help make a transition smooth.

Most clients enter a financial planner’s office with high expectations so it’s important to discuss their views on risk at an early stage in the relationship.

UBS AG, the Swiss bank seeking to boost profit from wealth management, said it plans to expand in Africa as economic growth rates surpassing 5% boost demand for banking services from the continent’s rich.

The new hires are part of the firm’s aggressive two-year recruiting campaign to increase the sales force by 50% by the end of 2014.