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The largest purveyor of money market mutual funds in the United States this month told the Financial Stability Oversight Council that no further reform of such funds is necessary.

First Trust Advisors has launched another actively managed ETF.

Tax-exempt money market funds saw modest inflows as they reversed the recent outflow pattern.

Inflows to municipal bond mutual funds ticked up this week to $324 million, making it eight consecutive weeks in the red.

No additional congressional action is planned before the start of the cuts, to be split between defense and non-defense spending. The across-the-board reductions will total $1.2 trillion over nine years, with $85 billion set to take effect in the remaining seven months of this fiscal year.

Observers say it's unlikely Congress will be able to strike a deal to stop across-the-board budget cuts from going into effect, raising concerns for bankers and regulators alike.

A growing number of community banks are experimenting with traveling employees and student part-timers to cut branch expenses.

The Cape May, N.J.-based community bank has a investment services program that would make most rivals envious. And it has a rapidly expanding assets under management to prove it.

It's a five-letter word that packs a powerful punch in the advisor world. If you're "listening down" to your clients, you don't get it. Here's what you need to know.

Think referrals and cross-selling are tough at your bank? Read how wealth management advisor and financial planner Heidi Schmidt handles them at Internet bank USAA Federal Savings.

Smaller banks cannot afford to support high-density branch networks as economic challenges persist.

Fewer investors across all age groups are using traditional advisors as their primary provider of financial guidance, according to research group Cerulli Associates.

A new LIMRA report found that younger generations of American consumers are not giving retirement the attention it deserves.

Since 2008, U.S. Bank has recruited talent from rival firms to lead various regional units of its business. The investment seems to be paying off, as revenues have inched up over the last year.

Success in business often comes down to strategy. But based on the responses we received to our Top 50 ranking last year, I'm afraid that too many advisors don't know what that means. For the last question, we asked for a brief explanation of what sets them apart from the competition. It was a chance to boast a bit, but it essentially asked for their "elevator pitch"-or what exactly makes them valuable to clients. I cannot tell you how many responses we got saying the same thing: Listen to their needs and goals; devise a personalized plan that accounts for their risk tolerance; use all the tools and solutions offered by my bank; educate my clients and return all phone calls promptly.

We asked the experts to help present the concepts of behavioral finance in a practical way. See how their insights can help you in your practice.

As the banking industry continues its consolidation trend, advisors will increasingly find themselves in search of greener pastures for themselves and their clients.

Why banks focus more and more on affluent clients — and why they may miss mom and pop investors more than they think.

Annual reports, prospectuses, and statements of additional information from fund families provide information for investors that can be very instructive about their fund's relative tax efficiency.

A run-down of the stories in this issue, including the annual pay scale review.