Mutual funds

The stock picker, known for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, will buy Legg Mason's stake in LMM, an investment adviser that he and the company jointly own.

The increased demand flies in the face of warnings from investors such as Bill Gross and Jeffrey Gundlach that the bond market is in a bubble

Pimco's struggles to contain outflows since the departure of money manager Bill Gross in 2014 are coming to an end.

Recent research shows how advisers work and how they like to communicate.

Michael Sonnenfeldt doesn't mince words: "There is no safety in safety," the founder of Tiger 21, a network of "ultra-high-net-worth" investors, said.

The legendary money manager is losing his No. 2, Kumar Palghat, who will become co-manager of a new Janus Short Duration Income ETF.

Dividend Growth attracted $3 billion over the past six months and its assets have almost doubled over the past three years.

In its asset management business, State Street had net outflows of $35 billion in the quarter.

The turn to an outsider marks the latest twist in a struggle to regain footing after a steep decline.

Why timing is so important for college graduates when making contributions to the 401(k) plans where they work.