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Envestnet announced Friday it has entered into a definitive agreement to buy the wealth management solutions arm of Prudential Investments in an effort to increase scale.

Money market assets fell $8.9 billion to $2.6 trillion for the week ended April 10, according to Investment Company Institute data.

After Fidelity warned that a fiduciary standard could have harmful ramifications, one reader has responded that "Wall Street is unleashing its attack dogs" to try to stop important new guidelines.

Northern Trust is touting the rapid growth of its’ defined contribution assets.

Investors poured $16.9 billion into exchange-traded funds in March, bringing the first-quarter total to $53.1 billion, according to data from Morningstar.

Kris Jenner, the former top stock picker at T. Rowe Price Group, has raised more than $100 million for a hedge fund to invest in health-care and biotechnology stocks, Bloomberg reports, citing a person with knowledge of his plans.

Inflows of $57.1 million entered the tax-exempt money market industry in the week ended April 8 and total net assets inched up to $273.12 billion, according to The Money Fund Report, a service of iMoneyNet.com.

Great rotation or not, more money hemorrhaged from municipal bond mutual funds as outflows occurred for the sixth straight week, at $631 million.

President Obama met Thursday with chief executives from the largest U.S. banks, including Bank of America Corp., JPMorgan Chase & Co., Citigroup and Goldman Sachs, according to a White House official.

After the successful completion of the Morgan Keegan technology integration, the firm is eliminating 160 positions due to overlap in the information technology segment.

Several estate planning products were built to address concerns about paying federal estate tax. However, the tax law passed earlier this year may have made these products moot. Advisors need to react before angry clients start calling.

Wealth management, broadly speaking, is seeing impressive growth. But “broadly speaking” is a frustratingly vague term and most of your clients are not among the economic winners of late.

The 2% growth rate of recent years is expected to accelerate to a new cyclical growth rate of 3% or more: BNY Mellon

Average expense ratios continued their precipitous decline during 2012 much to the delight of mutual fund investors, according to an annual Investment Company Institute report on fund expenses and fees.

Ed Slott, Your IRA Expert, examines several questions surrounging Roth IRA and tax implications.

Sometimes it takes a "human capital strategy" to develop top talent. One firm has already used this strategy to multiply revenue by more than four times since 2004 with 30% expansion in staff.

Investors poured $16.9 billion into exchange-traded funds in March, bringing the first-quarter total to $53.1 billion, according to data from Morningstar.

Several provisions affecting advisors contained in President Obama’s budget blueprint drew sharp reactions from many corners of the industry, with groups variously praising measures to increase funding for securities regulators and blasting provisions concerning taxes and retirement planning.

The appointment should help enhance equities research offerings for the Private Client Group, the firm said.

ING is embarking on a rebranding voyage. Following an initial public offering, the company will rebrand to Voya Financial.