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Investors continue to spurn mutual funds that invest long-term in U.S. stocks, according to the latest statistics from the Investment Company Institute. For the week ended March 28, investors pulled $3.53 billion from domestic stock funds, the largest weekly outflow so far this year.

Investors continue to spurn mutual funds that invest long-term in U.S. stocks. For the week ended March 28, investors pulled $3.53 billion from the funds, the largest weekly outflow so far this year.

Bank of Montreal Global Asset Management has moved its defined contribution business away from its Institutional Trust services arm and given it a new brand name, BMO Retirement Services.

Exchange-traded funds are off to a strong start, with record first-quarter inflows reaching $55.9 billion.

Exchange-traded funds are off to a strong start, with record first-quarter inflows reaching $55.9 billion.

Clients are looking for a few good men, and women in their financial advisors, according to a new survey from Edward Jones.

Natixis Global Asset Management (NGAM) has launched international hedged equity fund from Gateway Investment Advisers, LLC (Gateway), designed to play a conservative, risk-managed role in a portfolio allocation to international equity.

Wintrust Financial Corporation has added a new member to its wealth services team in a push to expand in the Chicago market and its suburbs.

Only 30% of investors surveyed knew that target-date funds do not provide guaranteed income in retirement.

Legacy expert attorneys Andy and Danielle Mayoras say that contrary to preliminary reports, British songstress Amy Winehouse did not have a will in place at the time of her death—an estate planning mistake that advisors and their clients can’t afford to make.

In this interactive slide show, five planning industry executives discuss everything from the best ways to explain the value of your advice to clients to how to attract — and keep — good employees.

INTECH Investment Management LLC (INTECH), an independently managed subsidiary of Janus Capital Group Inc., launched two global dividend strategies: one focused on seeking capital appreciation and higher-than-average dividend yields and the other focused on absolute risk.

A FINRA hearing panel has fined Syosset, N.Y.-based David Lerner Associates Inc. $2.3 million and suspended head trader William Mason for six months with a $200,000 fine for charging excessive markups on municipal bond and collateralized mortgage obligation transactions over a two-year period.

Investors are interested in adding alternative assets to their IRAs, but lack the expertise — and often the advisors — to go about it.

There were 7,693 mutual funds in February 2012, so how do women-managed funds find a way to stand out in this $12 trillion industry?

Milwaukee, Wisc.-based CliftonLarsonAllen Wealth Advisors has teamed up with Academy Asset Management, a Philadelphia, Pa.-based investment advisor to launch Innovator Management LLC, purveyor of the new Innovator Matrix income Fund.

The CFTC is expected to file a civil case against JPMorgan. The bank is expected to settle the Lehman matter and pay a fine of about $20 million, the paper reports.

The market research arm of Standard & Poor’s said it acquired QuantHouse, a supplier of high-speed trading technology, including market data feeds.

There were more than 8,500 mutual funds at the end of 2010, according to the 2011 Investment Company Fact Book. They range from long only equity and bond funds to alternative long/short mutual funds.

The IRS has launched a compliance practice research team that will seek to identify red-flags indicating questionable municipal bond transactions.