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Canadian investors are missing out of up to $500 million a year in yields by sticking with money market funds rather than higher-yielding, insured premium savings accounts.

Direxion has launched six new long and short exchange-traded funds tracking BRIC, India and the semiconductor industry, bringing the total number of leveraged ETFs it offers to 34.

The company plans to launch its first actively-managed ETF later this year that would invest in about 300 domestic large-cap stocks.

Union Bank’s licensed retail banker staff should double this year, to about 200, and increase to 325 within three years.

Your dad’s generation could get away with investing domestically; your clients cannot.

Long-term mutual funds took in $12.75 billion in the week ended March 3, marking the 51st straight week for inflows, which now total $500 billion, according to the Investment Company Institute.

Reserve Management submitted court documents Thursday denying that it, founder Bruce Bent or his son Bruce Bent II intentionally tried to mislead investors in the flagship $62 billion Reserve Primary Fund into believing the now-defunct fund that broke the buck was solvent.

The company has already partnered with the city of San Francisco to offer wealth management services to its residents through direct mailings in their water and electric bills.

When going through a divorce, having just any financial advisor won't do. People need a planner who specializes in the subject and can help clients navigate the difficult emotional and financial terrain ahead.

While financial advisers have been relying on internal wholesalers more heavily since the financial downturn, they are also finding those contacts not as accessible or responsive as they would like.

Do Buyers Prefer Passive or Active?

Prospects and clients might say they're feeling upbeat about the economy, but their money isn't talking.

Money market funds are welcoming the Federal Reserve’s offer to buy an estimated $1 trillion in reverse repos, as the economy continues to rebound and the government looks to reduce the $2 trillion it pumped into the capital markets.

Guaranteed living benefits may now be synonymous with variable annuities, but unless insurers rein in costs and restore benefits, sales may continue to slide.

But the Regions wealth management unit refuses to roll over.

As the market has, indeed, rebounded nicely, Congress is likely to reinstate the RMDs this year, experts say.

Driven by the success of exchange-traded fund provider BlackRock, ETFs appear to be gaining notable market share in 401(k) plans, and while their use so far has primarily been among small companies, once the trend catches on among larger employers, ETFs’ popularity in 401(k) plans could become quite notable.

Tomorrow is the one-year birthday of the market low. How are we doing? Comments from JPMorgan Funds, BlackRock and more, plus the week’s reports.

One advisor warned that keeping clients happy should top performance chasing.