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Mutual funds experienced outflows of some $5.52 billion for the week ended Tuesday, November 20, according to the Investment Company Institute.

Advisers targeting defined contribution plans have new research to rely on.

With women on pace to take control of more wealth in the coming years, female clients represent a major opportunity for financial advisors who make a concerted effort to engage with them. This could be bad news for advisors, both male and female, who don’t understand how to communicate with women clients. This was the theme at Fidelity Investments’ Growth Strategies Forum: Engaging Women Clients, conference on Wednesday.

Exchange-traded funds hit a speed bump last month after coasting through much of the year in the black.

Compass EMP Funds announced today that it has increased its fund lineup more than fivefold with the launch of 13 new mutual funds.

Portland, Ore.-based alternative mutual fund shop Bandon Capital Management has added Terry Swenson as Managing Principal, responsible for the firm’s distribution strategy in intermediary channels.

The co-chairman of President Barack Obama’s 2010 fiscal commission said it’s unlikely the president and Congress will reach a deal by the end of this year to avert the so-called fiscal cliff.

President Obama plans a private lunch tomorrow with his election opponent Mitt Romney, amid a face-off with congressional Republicans over taxes and spending and how to cut the deficit.

An industry veteran with over three decades of experience, John Dorsey will open a new branch office in W.V.

After a decade filled with significant market declines and an increasing amount of volatility, it is safe to assume that many investors would like to find the best performing investment managers with the least amount of volatility. Today, if investing were compared to a roller coaster, it would be the scariest roller coaster that Great Adventure has to offer. However, many investors would be more comfortable with an investment experience more akin to the teacups at the county fair.

Morgan Stanley Chief Executive Officer James Gorman called on the investment bank’s employees to pressure U.S. lawmakers into reaching an agreement that averts the so-called fiscal cliff.

Spectrem’s monthly measure of wealthy investors’ outlook took a dive in November due to year-end worries.

Long-time advisors Bill Duncan and Ziv Ohel joined Ameriprise in Deerfield, Ill.

Bank of America Corp. directors’ $20 million settlement of investor lawsuits over the purchase of Merrill Lynch & Co. is inadequate given the billions of dollars of harm the deal caused, objectors to the accord said.

More than seven in 10 advisors believe a deal will be reached that includes both higher marginal tax rates for wealthy Americans as well as curbs on deductions.

Sure, investors still feel nervous, companies are hesitating to spend cash, and all attention is on fixed income and bond funds.

The Nationwide Funds Group is taking two tacks to drive growth of assets: eliminate redemption fees and buying funds, including some from UBS.

Lipper has revised its weekly municipal bond fund flows lower for the week ending Nov. 21 after an error with Goldman Sachs led the company to report higher flows.

Margin pressure, regulatory hurdles and intense competition will test the nation's smallest banks next year, industry experts predict. Those issues could lead to a resurgence of consolidation among community banks.

Investor confidence remained weak in November, with an unchanged Global Investor Index reading of 81.2, according to the State Street Investor Confidence Index released Tuesday.