Portfolio

Seven financial advisors had their right to use the Certified Financial Planning certification marks permanently revoked in March as part of a series of public disciplinary actions announced by the CFP Board this week.

After seven years with another independent broker-dealer, an Omaha, Neb,. team has returned to Securities America.

A strong majority of advisors (86%) said they had acquired more clients than they lost in 2012, according to a new advisor survey from Russell Investments, with nearly a half saying they had brought on more than 10 households. And 87% said they were "optimistic" about acquiring new clients in 2013.

Investors pulled $13.34 billion from mutual funds for the week ended Wednesday, June 12, according to data from the Investment Company Institute.

The House Financial Services Committee on Wednesday approved a slew of bills that would slow the pace of regulatory proceedings to expand advisors' fiduciary responsibilities and relax registration requirements, among other measures.

Christian Thwaites has stepped down as president and chief executive officer of Montpelier, Vt.-based Sentinel Asset Management to pursue other opportunities, according to the firm.

Portland, Maine-based Forum Investment Advisors has launched the Forum ETF Trust, a series trust designed for independent investment advisers to launch and operate actively managed exchange-traded funds ETFs.

State Street Global Advisors, the investment research and trading arm for Boston-based State Street, said it will lose Global Equities CIO Alistair Lowe as it plans to transition toward combining various investment disciplines.

A targeted examination letter probes firms for detailed information on their social media use as the regulator grows more serious about enforcement.

The mutual-fund industry, in what may be the last round of lobbying against tighter rules for money-market funds, rejected a scaled-back proposal to force only the riskiest funds to give up their stable $1 share price.