Investment products

BNY Mellon has named financial services veteran Jeffrey Mortimer director of investment strategy for it wealth management group. He succeeds Chris Sheldon, who moved to Dreyfus in August 2011 to become the firm's chief investment officer.

How creative thinking can help advisors with their own retirement strategies.

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The Dow Jones Industrial Average wrapped up its best June since 1997, rallying up 277.83 points Friday to close at 12,880.09.

Pioneer Investments has made a series of new hires and promotions that are part of its plan to increase its U.S. retail sales team by approximately 25% in 2012.

Tax-exempt funds continued to see negative flows as $1.12 billion fled the funds and total net assets settled at $270.27 billion in the week ended June 25, according to The Money Fund Report, a service of iMoneyNet.com.

The Dow Jones Industrial Average lost 24.75 points Thursday to close at 12,602.26 while the Nasdaq and S&P 500 trimmed 25.83 points and 2.81 points, respectively.

PIMCO is ramping up its alternative investment team with a trio of new hires from big-name hedge funds.

As the SEC toys with the possibility of imposing further regulations on money market funds, those close to the $2.6 trillion industry say the revisions are problematic, highly unnecessary, and could seriously undermine the successful operation and existence of the 40-year-old industry.

The Dow Jones Industrial Average moved up 93.24 points Wednesday to close at 12,627.01 while the Nasdaq and S&P 500 picked up 21.26 points and 11.86 points, respectively.

Investors pulled an estimated $1.85 billion from U.S. equity funds the week ended June 20, almost three times the $620 million withdrawn a week earlier.

As if on cue, the economy has once again stalled after a promising first quarter, just as it’s done for the past three years.

Wealth managers are making alternative investments more of a priority to meet the expectations of their clients and help grow total assets under management.

Citi has been awarded a contract renewal of its fund services to Victory Capital Management and to the Victory Funds.

Manning & Napier has rolled out a suite of 10 actively managed target date funds which will invest in a variety of exchange-traded funds.

The Dow Jones Industrial Average gained 32.01 points to finish at 12.534.67 Tuesday while the S&P 500 and Nasdaq added 6.27 points and 17.90 points, respectively.

John Hancock has beat out Fidelity Investments and ING for bragging rights as defined contribution investment-only manager top dog, according to a study by Cogent Research.

The T. Rowe Price Personal App for iPhone and iPod touch provides investors the opportunity to manage their accounts and view fund information on the go.

Ask recruiter Michael Castine about the state of mutual fund hiring now, and he brings up the Brad Pitt movie "Moneyball."

The Dow Jones Industrial Average shed 138.12 points to close at 12.502.66 Monday while the Nasdaq and S&P 500 lost 56.26 points and 21.30 points, respectively.