The asset manager is cutting 30 jobs, or 3 percent of its administrative staff.

BlackRock is shifting money from its stock-picking business into a new Advantage series run by the $74 billion quant group.

Millennial parents are saving for their children's college education, Fi360 tool helps advisors pick investments and Oranj integrates with DocuSign.

Redemptions from U.S. Equity Funds jumped to a 38-week high as investors again questioned whether U.S. President Donald Trump’s administration has the focus and political skills to get its economic agenda through Congress.

Once again the bulk of the week’s inflows went to the diversified Global Emerging Markets (GEM) Equity Funds.

Positive flows into utilities funds last week are the first positive sign in three months for the sector, while gold funds took in over $1 billion in new money.

Commitments to global and Japanese equity funds failed to offset $9 billion redeemed from U.S. and Europe.

U.S. bond fund flows rebounded last week, helped by renewed doubts that the new administration will succeed in implementing its reflationary policies.

Asset allocation really is a full-time job.

ETFs just surpassed $3 trillion in assets in 2015, while mutual funds have roughly $16 trillion in assets.