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

Nearly half of hedge fund managers foresee a difficult year ahead for the sector, according to a survey by accounting firm Rothstein Kass.

Personal financial management tools were supposed to differentiate banks and improve customer retention, but many institutions are struggling to make the most of the enhanced online banking technology.

While individual investors — the primary owners of municipal debt — have generally increased their holdings in the last 10 years, some institutional investors have trimmed their holdings and others have been aggressive buyers.

According to the firm, the funds were closed to protect the interests of existing investors. However, they will continue to accept additional investments from existing shareholders and direct rollovers from qualified retirement plans into new T. Rowe Price IRAs.

UBS Financial Services Inc. of Puerto Rico and two of its executives have been charged by the SEC with misleading investors and its own financial advisors about the market risks associated with the sales of 23 closed-end mutual funds.

The Dow Jones Industrial Average rallied up another 65.69 points to close at 13,279.32 Tuesday, getting the month of May off to a strong start following April’s mixed performance.

The Richmond, Va., company’s board named Martin P. Klein acting chief executive officer and James S. Riepe non-executive chairman of the board.

On May 1, Invesco said it is mergeing another fund into a Van Kampen offering.

On May 1, 2012, Delaware Investments hired a wholesaler for iSnags Pioneer Sales Exec

On May 1, 2012, FINRA fined four firms for unsupervised ETF sales.

The upcoming issue of Bank Investment Consultant will feature our annual Top Program Managers. And later this week, we’ll have a slide show of the winners. In the meantime, here’s a peek at those who just missed the cutoff (in alphabetical order). Plus, here’s a link to last year’s winners.

The Dow eked out a tiny gain in April. Here's a look at the five stocks that did the most to hold back the group last month.

Through all the ups and downs, the Dow still managed to post a tiny gain in April. Here are five stocks that made it happen last month.

Through all the ups and downs last month, the Dow Jones Industrial Average still managed to post a tiny gain – 1.59 points, or 0.01% -- for the month. Here’s a look at the five best-performing Dow component stocks in April.

On May 1, 2012, T. Rowe closed two bond funds to new investors.

Perella Weinberg Partners has added former Morgan Stanley executive Michael McGrath as a partner in its asset management group.

The group of three advisors said changes at the bank forced their hand.

The four firms were fine a total of $9.1 million for not having adequate supervisory systems in place for billions of dollars of sales of leveraged and inverse ETFs.

Industry veteran Steven M. Short will oversee the wealth management offices in the bank’s footprint, which includes about 15 markets across six states.