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The Dow Jones Industrial Average rallied up 72.43 points in abbreviated holiday trading Tuesday to close at 12,943.82 while the Nasdaq and S&P 500 gained 24.85 points and 5.30 points, respectively.

William Blair & Company has turned off the spigot on the William Blair International Growth Fund and Institutional International Growth Fund, effective June 30.

On July 3, 2012, Last month, the Board of Trustees of John Hancock Funds II - International Opportunities Fund approved Invesco Advisers, Inc. as the new subadviser effective July 20, according to a Securities and Exchange Commission filing.

On July 3, 2012, Boston-based MFS Investment Management is looking to beef up its internal sales team in light of its recent rebranding efforts, according to Jim Jessee, president at MFS Fund Distributors, Inc., the distribution arm of the firm’s U.S. fund business.

Bank holding companies raked in $118.4 billion in wealth management income in 2011, up 1.35% from $116.9 billion in 2010. The increase comes despite a lackluster fourth quarter, the industry’s weakest since the beginning of 2009.

Serving clients from the world of venture capital poses special challenges for planners. Much like entrepreneurs, VC general partners bring risky and highly concentrated investments that cry out for diversification.

Savant Capital Management and The Monitor Group, two independent fee-only RIAs, announced that they have finalized the merger of their firms to officially become Savant Capital LLC.

Check out what FINRA's top leaders and executives are making, according to the organization's annual report.

Marketing expert Marie Swift says that if you believe that your brand of personal advice and investment acumen needs to find its way into the lives of more right-fit clients, stop procrastinating and pick a couple marketing initiatives to start now.

Denver-based Janus Capital International has opened an office in France, its sixth office in Europe, Investment Europe reports.