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Pacific Investment Management Co., the world’s largest manager of actively run bond funds, has appointed Marc Seidner as interim head of global equities after Neel Kashkari’s departure last week, according to a person familiar with the matter.

Vanguard is switching indexes for five of its funds today.

“If you want to make a client uncomfortable, you should ask them for a referral,” Thomas Fross, the CEO of Platinum Advisor Strategies, said at the Platinum Top Producers Boot Camp.

Mutual funds that invest in U.S. stocks had another strong week, picking up $3.5 billion. They have now picked up $16.1 billion in a three-week period, a strong start after 25 weeks of declines.

For RBC Wealth advisor Samir Murty, number 15 on the Top 40 Under 40 list, providing personal advice requires both an understanding of the numbers and effective communication.

Financial advisors may have breathed a sigh of relief after lawmakers reached a deal to avoid the fiscal cliff, but the next several weeks will bring more debate, and potentially more turmoil, over big-ticket budget items that could dramatically alter the strategies you recommend to clients.

Lack of knowledge is the top reason for not using alternative investments followed by lack of track record, according to Cambridge, Mass.-based consulting firm Cogent Research. As popular of an investing tool as they have become, there are different theories about what role alternatives play in a portfolio as well as what actually constitutes an “alternative,” so it’s easy to understand why there could by some misunderstandings.

The firm has recruited two large wirehouse teams to open a new office in Stuart, Fla.

Revenue and earnings rose for the year as the firm reported solid growth in its wealth division.

Hackers are creating new strategies to separate you, and your clients, from your money, but there are steps you can take to guard against these attacks, according to Bill Winterberg, a CFP and technology consultant, told a room of advisors at the TD National Conference in San Diego.