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The Dow Jones Industrial Average fell 31.26 points Thursday to close at 12,573.27 while the S&P 500 and Nasdaq ended off 6.69 points and 21.79 points, respectively.

On July 12, 2012, DoubleLine Capital LP’s $28 billion Total Return Bond Fund has experienced the most inflows among U.S. mutual funds this year through June, Bloomberg reports, citing data from Morningstar.

The Board of Trustees of the Newgate Global Resources Fund has decided to liquidate the fund, effective as of July 31, according to a Securities and Exchange filing.

Ernst & Young LLP has appointed Julie Canty and Carlos A. Schmidt as partners in the firm’s Asset Management Tax practice.

Ask Ed Slott: Your IRA Expert answers readers’ questions about possible tax implications for retirees as a result of health care reform legislation.

When LPL Financial sought to improve its highly successful Model Wealth Portfolio platform, its advisors made a couple of requests: make it easier for us to select securities and to rebalance our client portfolios.

JPMorgan, under Americas equity research head Noelle Grainger, scored the largest number of highly ranked analysts, making it the No. 1 firm in U.S. equities research. Bank of America was No. 2, followed by Morgan Stanley.

Citi Private Bank hired Lisa Maurer as its new family office group director for the Northeast region.

Thomas P. Fay oversees a team of wealth professionals geared to high-net-worth investors in Southeast New England.

Fusion offers practice management and business consulting to independent financial advisors. NFP hopes the deal will increase its margins by next year.

The head of the Financial Services Institute has delivered a pointed letter to House committee leaders criticizing the efforts of the Department of Labor in developing a new definition of the term "fiduciary" that would cover financial professionals providing advice to retirement plans.

Women’s confidence that they can successfully retire has taken a hit in the past two years, but working with a financial advisor tends to boost female investors’ outlook on their future, according to a new Prudential Financial study.

Charles Schwab Investment Management, Inc. has launched the Laudus Mondrian Global Fixed Income Fund (LMGDX) to bet on developed, U.S., and emerging market bond markets.

Domestic ETF assets totaled $1.16 trillion as of June 30 – up 11.3% year-to-date, according to State Street Global Advisors’ ETF Snapshot.

Fund managers and financial advisors are looking to the cloud to reduce costs, enhance performance, and improve accessibility, but many questions remain.

Janus Capital Group Inc. has made two institutional appointments in an effort to grow its institutional client and consultant relationships in the U.S.

The pace of bank mergers slowed in the second quarter, but deal announcements still rose about 15% in the first half from a year earlier, according to SNL Financial.

Janus Capital Group Inc. has made two institutional appointments in an effort to grow its institutional client and consultant relationships in the U.S.

Fund managers and financial advisors are looking to the cloud to reduce costs, enhance performance, and improve accessibility.

The Dow Jones Industrial Average lost 48.59 points Wednesday to close at 12,604.52 while the Nasdaq and S&P 500 shed 14.35 points and 0.02 points, respectively.