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During the week ended April 3, investors withdrew an estimated $1.83 billion from U.S. equity funds, the most they have pulled from the funds in a single week this year.

“We have found that people in Gen Y not only said they are highly disciplined, they really are more highly disciplined than people in older generations,” Bill Taylor, vice president of financial planning at Northwestern Mutual, said in an interview. “It might be because they’ve seen their parents hurt badly when stocks fell in 2008, because of the decline of defined benefit plans, or just because young people have access to more information today.”

Chicago-based Dearborn Partners has launched its first mutual fund, dubbed the Dearborn Partners Rising Dividend Fund (DRDAX, DRDCX and DRDIX).

Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.

Putnam Investments has added three new DCIO Investment Specialists to bolster its sales effort in the 401(k) market.

Russell Investments has appointed Andrew Scherer as director of defined contribution, intermediary distribution for the firm’s U.S. advisor-sold business, which sells mutual funds and other multi-asset products to DC recordkeeping platforms, retirement plan sponsors and retirement plan advisors.

The suitability of leveraged and inverse exchange-traded funds climbed on FINRA’s Enforcement hit list in 2012, according to Partners Deborah Heilizer and Brian Rubin and Associate Andrew McCormick of law firm Sutherland Asbill & Brennan’s, in their annual review of the regulatory agency’s disciplinary actions.

Royal Alliance is adding wealth management firm JLTD Advisors of Chicago and Integrated Financial Group of Salt Lake City to its hybrid platform.

Jonathan Gabriel, the former COO of MDS Bankmart, once the largest third-party marketing firm for banks, has joined Kehrer Saltzman & Associates as a senior associate.

An elevator speech is a quick way to explain the unique benefit you deliver to clients, but Steve Wershing says most advisors frequently provide just a rambling, somewhat fuzzy description of their practice. He says an effective elevator speech is succinct and highlights the difference from other advisors, but that's only part of the reason for learning one.

300 North Capital has added its global macro strategy in the Altegris Macro Strategy Fund.

There are only a few dozen banks with assets of $20 billion to $350 billion. In this regulatory climate, these regional banks in the middle of the size spectrum look very much like the industry's new sweet spot.

Delivering easily accessible, multimedia resources that are broken into small packages is key to engaging and educating individuals, according to new research.

Pimco’s 0-5 Year High Yield Corporate Bond ETF reported $204.1 million of inflows on April 8, the same day the SPDR Barclays High Yield Bond ETF recorded its second-biggest daily redemption since its inception more than five years ago, equal to about $378 million worth of shares, Bloomberg reports.

Sen. Bernie Sanders, I-Vt., and Rep. Brad Sherman, D-Calif., reintroduced legislation Tuesday to break up the largest financial institutions. The bill was light on details, however, and did not spell out how a breakup should be done.

Pimco’s 0-5 Year High Yield Corporate Bond ETF reported $204.1 million of inflows on April 8, the same day the SPDR Barclays High Yield Bond ETF recorded its second-biggest daily redemption since its inception more than five years ago, equal to about $378 million worth of shares, Bloomberg reports.

From the impact of volatility on client portfolios to uncertainty in North Korea, here are eight timely tidbits of information that financial advisors should be aware of this week.

The Board of Trustees of Dreyfus Stock Funds is putting the brakes on a planned reorganization of the $114 million Dreyfus Small Cap Equity Fund.

Advisors rule the financial services industry for now -- but keep an eye on direct-channel “self-serve” distribution, Chip Roame said Tuesday at his firm's semiannual CEO Summit.

Company employees will head into the field next week to woo about 850 advisors from two broker-dealers that Cetera intends to acquire from insurer MetLife, says Cetera Financial Group CEO Valerie Brown.