Industry

The Internal Revenue Service said that budget sequestration would require reductions in refundable credits for certain tax-exempt bonds and the refundable portion of the Small Business Health Care Tax Credit for some small tax-exempt employers.

Ft. Lauderdale, FL-based Community Capital Management, which bills itself as a fixed income impact investing manager, has named Barbara VanScoy to the new position of chief impact investment officer.

State Street Global Advisors has appointed Maria Dwyer as chief risk officer, effective immediately.

Principal Global Investors is betting big on alternatives.

Paul Schaeffer, managing director, Strategy & Thought Leadership, at alternative mutual fund shop Forward, is calling it quits after more than two years on the job, Money Management Executive has learned.

Large companies will get larger and smaller firms will be acquired, but consolidation and growth of large RIAs is not necessarily a bad thing.

Anne Copeland, an executive vice president of the bank’s Wealth Management Group since April 2012, will lead Regions’ efforts to provide banking, trust, and investment management services to affluent and high-net-worth individuals.

LPL is launching a new online tool that it says will let its advisors offer offer better visibility to plan sponsors and the millions of LPL clients who are invested in 401(k)s.

Barclays recently announced that it planned to eliminate at least 3,700 jobs in 2013. This was sour news from an industry that had begun to back away from the heavy layoff days of 2011.

“I’m all of 52 years old. I have a baby face. I have four children. I plan to be working for a long time,” Casady said.