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The Bloomberg Consumer Comfort Index fell to -46.9 in the week ended May 8, as rising gas prices are making Americans worried about their personal finances. This was the index’s worst reading since March, Bloomberg said. The comfort index’s range is from -100 to +100.

Janus has launched the Janus Real Return Allocation Fund, which seeks to provide total returns in excess of the rate of inflation over a full market cycle. Janus will co-manage the fund with Armored Wolf.

The group is preparing to judge the inaugural Pro Bono Awards while conducting annual evaluation of grant applications

A group of Democratic members of the House, led by Rep. Carolyn McCarthy (D-NY) and Rep. Rush Holt (D-NJ), has written to the Department of Labor criticizing a new rule that would redefine the term fiduciary in the Employee Retirement Income Security Act of 1974.

Nearly 150 hand-picked and already highly successful Bank of America Merrill Lynch financial advisors next month will embark on what amounts to retirement training boot camp at The Retirement Advisor University (TRAU) in pursuit of a Certified 401(k) Professional designation to further their defined-contributions expertise and differentiate themselves from other DC practitioners.

Unified Managed Accounts skyrocketed over 100% in the last year, and at double the rate of any other segment, but they are still only 6% of the $2 trillion industry.

The TNS Investor Confidence Index declines to 113 in April.

Reversing a trend of outflows, tax-exempt money market funds raked in $3.33 billion to end the week of May 9 with $309.95 billion in total net assets, according to the Money Fund Report, a service of iMoneyNet.com.

A two-hour Senate Banking Committee hearing Thursday touched on virtually every major financial services topic under the sun but resolved little.

New research by Novantas LLC, Forrester Research and others adds weight to an idea being kicked around in the industry: that mobile may have its limits as a way to entice tech-savvy customers, reduce branch use and cut costs.

The time and energy that the advisor focuses on the client produces far more terminal wealth for that client than anything you can get from the traditional investment management services.

Investors often make the mistake of exposing themselves to too much risk in their portfolios or failing to take on enough risk for their investment timeline. Here are a couple of large-cap funds that might represent a happy and profitable compromise.

BOSTON - In today’s turbulent world, there will be plenty of investment opportunities, but also plenty of risk.

Market research firm TNS’ Investor Confidence Index, based on an early April survey of 1,551 adults with investable assets of $500,000 or more on their expectations for the next six months, declined to 113 from 119 in January.

Trust in the U.S. financial system has fallen to 20%in March from 26% in December, as measured by the Chicago Booth/Kellogg School Financial Trust Index, which surveyed 1,007 adults to obtain the reading.

Orinda Asset Management has launched the Orinda Multi-Manager Hedged Equity Fund, a fund that seeks long-term capital appreciation with an emphasis on risk-adjusted returns and reduced volatility.

Van Eck Global has launched the Market Vectors LatAm Aggregate Fund ETF, which will track the BofA Merrill Lynch Broad Latin America Bond Index.

BOSTON - Managed accounts used to be for the wealthy, but in the last 18 to 24 months, they have become increasingly available to the mass affluent because of a reduction in costs and an increase in efficiency, said AJ Harper, managing director of Lockwood Advisors, an affiliate of Pershing, a BNY Mellon company, in an interview at the Money Management Institute annual conference here.

The key is turning that overriding motivation into actual results in the real world.