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The Bloomberg Consumer Comfort Index rose to from -47.1 to -45.9 in the week ended June 5, the third straight week it has risen and its best reading since the end of April.

CHICAGO -- Seeking to make it easier for financial planners and investors to analyze the vast mutual fund universe, Morningstar will soon launch forward-looking, analyst-driven fund ratings.

Two former Morgan Stanley Smith Barney brokers have been ordered to pay about $4.28 million plus interest to their former employer for the breach of promissory notes and other agreements.

Hedge fund advisers who have registered with the Securities and Exchange Commission by July 21 have a lot more to worry about than simply filling out Form ADV.

SS&C Technologies said it launched a self-service portal for fund services, online.

Visa Inc. said its acquisition of the South African mobile payments company Fundamo will help it serve more underbanked consumers abroad. The San Francisco payments network said it would pay about $110 million for the Cape Town company.

AmericanWest Bank in Spokane, Wash., is moving into the California market with a deal to buy another bank from ailing Capitol Bancorp Ltd.

With regulators struggling to decide which loans to excuse from risk-retention, Federal Deposit Insurance Corp. Chairman Sheila Bair said Thursday the best option would have been to shelve the exemption altogether.

The Treasury Department has swapped the carrot for the stick for three of the largest participants in the administration's foreclosure prevention program.

Customer relationship management software can be an advisor's best friend, but experts say most users still aren't getting everything they can out of it to grow their business.

Advisors still have trust hurdles to get over, but that also opens the door for new takeaway high net worth business.

TIAA-CREF is currently selecting advisors for its own network, which will launch over the next six months and go nationwide early next year.

A FINRA arbitration panel has ordered two former Morgan Stanley Smith Barney brokers to pay the firm $4.28 million plus interest for breach of promissory notes and other agreements.

Are municipal bonds coming back into favor? Some industry analysts seem to think so.

After a couple years of strong growth and impressive returns in the market, many of Wall Street's biggest investment banks are reportedly considering some headcount reductions to cut costs.

Seeking to make it easier for financial planners and investors to analyze the vast mutual fund universe, Morningstar announced Thursday that it would soon launch forward-looking, analyst-driven fund ratings.

Assets flowed out of ETFs in May, the first time flows have reversed direction since August 2010, according to State Street Global Advisors, which just released its latest Snapshot report tracking ETF funds.

Lord Abbett and Wilshire Associates have partnered to launch Pro Active Income Solutions, an actively managed approach designed to deliver income for the independent advisory market. The solution combines Wilshire’s dynamic asset-allocation capabilities and Lord Abbett’s comprehensive suite of fixed income mutual funds.

Global X Funds has launched the Global X SuperDividend ETF, an exchange-traded fund that offers exposure to 100 global companies that rank among the highest dividend-yielding equity securities in the world.

New York-based exchange traded fund (ETF) provider Global X Funds this week rolled out a new ETF for investors who are looking to buy funds comprised of stocks that consistently deliver solid dividends to their shareholders.