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Parametric Portfolio Associates, a Seattle-based subsidiary of Eaton Vance Corp., has agreed to acquire the business of The Clifton Group Investment Management Company, a Minneapolis-based provider of futures- and options-based overlay services and custom risk management products to institutional investors.

Many financial advisors become so entrenched in the daily routine of responsibility, duties and heavy workloads that they fail to adequately plan for the ongoing success of their business. As we turn the corner from this year to the next, marketing expert Marie Swift invites you to take a “planning break” with specific exercises to determine laser-focused goals and a viable plan of attack.

Glenmede, a privately-held wealth management firm with $21 billion assets under management, has hired Timothy Fisk as vice president and wealth advisor, and Jeffrey Coron as director of Institutional and Intermediary Distribution.

Charles Schwab has launched a new site for exchange-traded fund retail investors dubbed the ETF Education Exchange, which aims to “close the knowledge gap in ETFs by aggregating educational content, research and market insights from ETF industry leaders”.

The Women Advisors Forum, an online social network for female financial advisors, ushered in its 1000th member when Jennifer Riek joined the community Monday.

ING U.S.’s Retirement business has hired Sam Ghazaleh as head of Investor Channel Sales for its Individual Retirement Markets, the company’s retail business that provides personal retirement, investment and income guidance and product solutions to pre-retirees, retirees and the rollover markets.

While more than a third of Baby Boomers said they expect Social Security to be a major source of income in retirement, nearly 40% were not confident that the system will have money to pay benefits throughout their retirement, according to a recent survey by MFS Investment Management.

High-net-worth individuals nationally are less tolerant about an adverse economy compared to their global counterparts, according to a research report by Barclays Wealth.

The organization will becgin a national search for the next CEO/executive director spearheaded by a search committee that was formed after receiving Turf’s letter in early October.

A career advisor with three-and-a-half decades of experience, Karl Rothermund has left Morgan Stanley for Raymond James in Scottsdale, Ariz.