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Sector ETFs have grown 49% at Charles Schwab over the past year—the firm’s fastest growing asset category, according to a 3Q ETF snapshot Schwab officials discussed on a conference call on Friday.

A tipping point is coming regarding anger and dissatisfaction over Dodd-Frank. But a new assessment of the regulatory landscape points a way for policymakers to get out of the mess.

The chief executive officer of JPMorgan Chase, Jamie Dimon, hosted a lunch with 75 New York business leaders in a bid to help to steer Washington away from the fiscal cliff and toward a budget compromise akin to Simpson-Bowles.

BOSTON-Understanding what makes a good manager can make or break a fund firm in terms of getting its products distributed or dropped.

Callan Associates has added Dana Brown to its Fund Sponsor Consulting group as senior vice president.

Socially responsible shop Calvert Investments has added Darryl Keeton as director of internal sales, responsible for internal-external sales team partnerships and developing the firm’s internal sales team.

Last week, shareholders of $253 million Morgan Stanley Mid Cap Growth Fund approved a move to transfer the fund’s assets to the Mid Cap Growth Portfolio in exchange for shares of Mid Cap Growth, according to a Securities and Exchange filing.

David Lerner was banned from the securities industry for a year and his firm ordered to pay $12 million for misleading investors into buying real estate investment trusts, regulators said. Lerner, whose David Lerner Associates Inc. has underwritten about $7 billion of its Apple REITs, was also fined $250,000, the Financial Industry Regulatory Authority said today in a statement.

Social media is rapidly changing the way financial advisors approach their marketing efforts, but staying current with compliance regulations can be a challenge.

QuantShares is in the process of shelving a trio of exchange-traded funds.