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Total money market mutual fund assets dropped by $27.47 billion to $2.595 trillion for the week ended Wednesday, April 17, according to the Investment Company Institute.

BlackRock said first-quarter earnings rose 10% as its exchange-traded stock funds drew client cash and assets increased.

WASHINGTON — Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

UBS Global Asset Management (Americas) is liquidating its Money Market Fund in June.

The job market in asset management may not be back to pre-crisis levels, but hiring will likely pick up after second quarter earnings reports, says recruiter George Wilbanks, president of Wilbanks Partners.

Three research analysts at Harris Associates, adviser to The Oakmark Funds, have been appointed co-managers of the Oakmark Equity and Income Fund (OAKBX).

Financial advisor candidates will need to pay more to take securities licensing exams starting June 1, the North American Securities Administrators Association announced.

The organic expansion plan sets Tiedemann apart in the wealth management space, where many firms recently have opted instead for an acquisition strategy, which brings an instant infusion of assets and revenues.

Long-term care is a top worry among high net worth and affluent investors of all ages, which opens new opportunities for conversations financial advisors can have with clients, according to the latest Investor Watch Report from UBS Wealth Management Americas.

Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.