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Chicago-based Dearborn Partners has launched its first mutual fund, dubbed the Dearborn Partners Rising Dividend Fund (DRDAX, DRDCX and DRDIX).

Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.

Putnam Investments has added three new DCIO Investment Specialists to bolster its sales effort in the 401(k) market.

Russell Investments has appointed Andrew Scherer as director of defined contribution, intermediary distribution for the firm’s U.S. advisor-sold business, which sells mutual funds and other multi-asset products to DC recordkeeping platforms, retirement plan sponsors and retirement plan advisors.

The suitability of leveraged and inverse exchange-traded funds climbed on FINRA’s Enforcement hit list in 2012, according to Partners Deborah Heilizer and Brian Rubin and Associate Andrew McCormick of law firm Sutherland Asbill & Brennan’s, in their annual review of the regulatory agency’s disciplinary actions.

Royal Alliance is adding wealth management firm JLTD Advisors of Chicago and Integrated Financial Group of Salt Lake City to its hybrid platform.

Jonathan Gabriel, the former COO of MDS Bankmart, once the largest third-party marketing firm for banks, has joined Kehrer Saltzman & Associates as a senior associate.

An elevator speech is a quick way to explain the unique benefit you deliver to clients, but Steve Wershing says most advisors frequently provide just a rambling, somewhat fuzzy description of their practice. He says an effective elevator speech is succinct and highlights the difference from other advisors, but that's only part of the reason for learning one.

300 North Capital has added its global macro strategy in the Altegris Macro Strategy Fund.

There are only a few dozen banks with assets of $20 billion to $350 billion. In this regulatory climate, these regional banks in the middle of the size spectrum look very much like the industry's new sweet spot.