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Total money market mutual fund assets decreased by $15.49 billion to $2.622 trillion for the week ended Wednesday, March 21, according to the Investment Company Institute.

The founder of Veritable, the country’s third-largest RIA, says his firm’s new partnership with wealth management giant Affiliated Managers Group is part of a broader effort to build a business that can last for generations.

Global accounting firm Ernst & Young has expanded its West Coast asset management tax practice with four new hires.

Mutual funds may have been an American innovation. But asset managers will now go to China, Brazil, India or wherever returns can be found, according to Alan Reid, founder Forward Fund Management, at the Investment Company Institute's Mutual Funds and Investment Management Conference.

Insurer and wealth manager The Hartford is trimming its focus to a few core business areas: property and casualty, group benefits and mutual funds.

The "race for quality has no finish line. So technically it's more like a death march," according to the inspirational poster that Tamara K. Salmon, senior associate counsel at the Investment Company Institute, was reading at the outset of a session Tuesday at its Mutual Funds and Investment Management Conference on the biggest operational risks fund firms face.

Peter Graham is the head of Product Development and Marketing at New York-based Mirae Asset Global Investments (USA), an arm of an Asian financial services firm that tries to provide investors in the United States with access to investments in emerging markets.

PHOENIX - The Securities and Exchange Commission's Office of Compliance Inspections is increasingly bringing along representatives of the Division of Enforcement into its examinations of brokers and advisers.

PHOENIX - Commissioner Elisse Walter told fund industry executives gathered here to re-engage with the Securities and Exchange Commission on a new round of reform of money market mutual funds - and end its "unconstructive disengagement'' on the subject

New platform will offer perks like an automated money movement process, among other things, which is designed to enhance the client experience.

A shift in American investor appetite towards investment outcome, as opposed to relative return, is changing their buying behavior, according to research published by Casey, Quirk & Associates and the eVestment Alliance.

Leslie Christian, former CEO, and CIO of Portland, Ore.–based Portfolio 21 Investments, has left the firm.

John Hancock has launched an ad campaign reaching out to financial advisors, focusing on the position of trust many enjoy with their clients.

Commerce Bank promoted a portfolio manager in Kansas City to vice president and market executive for its trust operation’s central Missouri region.

Fund administrator Gemini Fund Services has launched its third shared mutual fund trust, the Northern Lights Fund Trust III.

The Valley Forge, Pa.-based purveyor of low-cost mutual funds Vanguard is embarking on an ad campaign to encourage investors to understand that costs matter in their investment lives.

Greg Francfort, who most recently served as director of Neuberger Berman’s global equity research team, will be joining the firm’s MLG Group, which manages approximately $7 billion in assets for individuals, institutions and mutual funds.

Aberdeen Asset Management Inc. has launched the Aberdeen U.S. High Yield Bond Fund, which will bet on below investment grade bonds.

Paulson, rating agencies respond to The Hartford’s decision to place individual annuity business into run off and pursue divestiture options for individual life, Woodbury Financial and retirement plans.

The SEC is focusing on computer-driven exchanges, including BATS Global Markets, as platforms for high-frequency trading firms to gain an unfair advantage over other investors.