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For the week ended June 6, investors withdrew an estimated $1.37 billion from long-term mutual funds of all types, the third largest outflow this year.

On June 13, 2012, Hartford, Conn.-based multi-manager shop Virtus Investment Partners, Inc. revealed that it has filed with the Securities and Exchange Commission for five new open-end mutual funds.

On June 13, 2012, Elkhart, Indiana-based Martin Capital Management, LLC, launched the Martin Focused Value Fund (MFVRX/MFVIX), which will bet undervalued shares of publicly traded U.S. companies.

Financial advisor Paul Siegel, the latest addition from its three-year recruitment binge, joins the firm’s Scottsdale, Ariz. office.

The Retirement Income Industry Association has appointed industry veteran and retirement specialist Karen Wimbish to its board of directors.

Affluent investors in three of Europe’s most prosperous nations have decidedly different levels of sophistication when it comes to investment knowledge and how they interact with their online trading and advisory firms. Knowing and appreciating these differences, according to a new Dow Jones survey, can make all the difference for American firms and advisors looking to expand their international client base.

401(k) auto enrollment has been all the buzz in retirement planning, and now it seems even more effective than expected.

Does manager experience matter in a mutual fund? Maybe not, according to new research by Bryant University Professor of Finance Jack W. Trifts.

J.P. Morgan Asset Management has added Robert Stark to lead its Strategy and Business Development unit. He will be based in New York and will be responsible for growing the firm’s Asset Management unit globally. He reports to David Brigstocke, chief financial officer.

Landing entrepreneurs and small business owners as clients can be a great way to boost your assets under management, but advisors need to understand their unique needs and challenges in order to provide the best possible service. Here’s what advisors need to know to attract and retain these complex clients.

You weathered the credit crisis. You got through the Flash Crash.

Turning to an outside coach can help even the most successful and established multi-million dollar financial advisors and their practices run more smoothly.

In the latest move to expand its technology and defense, restaurant and health care advisory divisions, the firm has appointed three new managing directors.

May wasn’t the best month for investors but these 10 S&P 500 stocks managed to buck the trend, delivering healthy returns to shareholders. Also See: May Flounders: 10 Biggest S&P Laggards

The Dow Jones Industrial Average rallied up 162.57 points Tuesday to close at 12,573.80 while the Nasdaq and S&P 500 surged up 33.34 points and 15.25 points, respectively.

On June 12, 2012, J.P. Morgan Asset Management added Robert Stark to lead its Strategy and Business Development unit.

Industry veteran Tom Hamilton joined the team as a wealth strategist to serve clients in Western Pennsylvania, Ohio and greater Chicago.

On June 12, 2012, Minneapolis-based RBC Global Asset Management hired Gerry Cosgrove and Mike Refojo to boost its sales ad consultant relations team.

The three former Morgan Stanley Smith Barney advisors will work out of the hybrid RIA’s new Utah offices and oversee more than $350 million in assets under management.

Financial advisors looking to work with 20-something clients need to take a unique service approach with a group that financial services firm OrganizAmerica President Joanne Woiteshek says has traditionally been treated as the “trophy generation.”