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Mutual funds that invest in domestic stocks have been an object of scorn.

Fidelity Investments yesterday reported its average 401(k) balance rose to $74,600 at the end of the first quarter

Investors delivered yet another blow to U.S. stock mutual funds, pulling an estimated $1.60 billion from the funds the week ended April 25. The outflow comes on top of the blockbuster $8.68 billion that was withdrawn from the funds a week earlier.

The Dow Jones Industrial Average closed off 10.75 points at 13,268.57 Wednesday but tech stocks helped the Nasdaq pick up 9.41 points to finish t 3,059.85.

On May 2, 2012, Schroders made a trio of new hires for its fixed income unit.

The 11th U.S. Circuit Court of Appeals in Montgomery, Ala., said a federal district judge in Atlanta erred in finding that the alleged misrepresentations made by Morgan Keegan brokers about the debt were not material. It sent the case back to the district court for more proceedings.

On May 2, 2012, Boston Financial hired a former DST sales executive.

On May 2, 2012, PIMCO revealed that its flagship fund hit a new milestone.

Meet the 2012 Top 20 Program Managers. We considered four factors in this year’s ranking: growth in team production; growth in team assets; average production per advisor and number of FAs the manager oversees. Our next issue will include all the data points as well as bios. In the meantime, enjoy the slide show and congratulations to the winners. Plus, here’s a link to last year’s winners. And, here’s a link to 10 who just missed this year's list.

Proving that the competition is still strong for financial advisors from rival wirehouses, Morgan Stanley Smith Barney has snapped up two wealth advisory teams and one more for its Graystone Consulting institutional business.

On May 2, 2012, Financial Planning reports that asset managers are using social media, but not seeing increased sales.

Despite a 10% drop in the total number of broker-dealers in the past five years, the total number of reps industrywide has fallen a correspondingly negligible amount.

Financial advisors sometimes puzzle over how to effectively reach and serve black and Hispanic clients. A Vanguard study released recently suggests they can start by drilling home a simple message: emergency savings accounts are a must.

About 85% of asset management firms and insurers have seen increased brand awareness on social media platforms, but many have yet to monetize the medium, according to a new study.

On May 2, 2012, Nationwide added a slew of funds to its anuity portfolio.

On May 1, Fidelity reported an average increase in its participants' 401(k) balances.

Joel Blumenschein, a Wisconsin RIA, has resigned from FINRA after settling a disciplinary case alleging he failed to supervise a broker at his firm.

The bigger the bank, the bigger the increase in insurance brokerage income; the smallest banks saw declines.

April was a roller coaster ride for investors. Here are five stocks that weighed down the Dow the most last month.

On May 2, 2012, Eaton Vance Corp. launched the Eaton Vance Global Natural Resources Fund.