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The group that emerged as the most committed to saving for retirement was the one identified as “Generation DC,” or those under the age of 25.

Legg Mason, the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

So what does a quartet of space ships beaming up a cow and an exploding airbag have to do with investment management?

It would be impossible to plan for the succession of your practice in one day, but that doesn’t mean we’ll ignore it in our daily tips. After all, you have to start somewhere.

As regulators continue their work implementing the numerous provisions of the Dodd-Frank financial reform act, a leading Wall Street trade group is hoping that 2013 will see movement on the controversial effort to implement a uniform fiduciary duty for investment advisors and broker-dealers when providing personalized advice to retail clients.

As your practice expands, you inevitably take on new roles and responsibilities. That doesn’t mean there aren’t any growing pains.

Look out for a switch in sub-advisers for one Touchstone Investments fund.

Morningstar has launched the Morningstar US Real Asset Index, a diversified portfolio of liquid assets that traditionally provide a hedge against inflation, including Treasury inflation-protected securities, real estate investment trusts, and commodity stocks and futures.

U.S. Bancorp’s wealth management and securities services business contributed $41 million to the bank’s bottom line in the fourth quarter of 2012, down $2 million, or 4.7%, from the previous quarter, but unchanged from the same quarter a year earlier.

Two firms are touting the launch of a new high income fund.