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Trade groups warn that a proposal could end commissions in the state and play into a "fractured" regulatory environment nationwide.

Advisors should be increasingly aware of how banks are shaping client expectations.

Nearly all of the fixed-income funds held short term debt.

The firm added 40,000 new accounts last year and hit a record $3 trillion in client balances.

Lack of oversight and potentially risky procedures are — or should be — in the fine print of these wildly popular tools.

Assets under management at Nancy Prior’s group, which includes bond and money market funds, have grown from $714 billion under her leadership.

The size of the firm's class compares with 145 last year.

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21% in the fourth quarter.

Along with other decisions, dating the amount of money they need to withdraw would help them in retirement planning and spending.

The recruits include a father-son duo from UBS.