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The St. Louis financial services company announced that it plans to add up to 70 new offices in western Massachusetts in the next eight years.

On June 5, 2012, T. Rowe Price added a new fixed income offering, the Emerging Markets Corporate Bond Fund (TRECX), to its suite of emerging markets bond funds.

Ninety-eight percent of advisers expressed concern that the estimated SRO membership fees would have a financial impact on their ability to run their firm. Of the 98%, 69% said the impact would be categorized as “severe.”

As lawmakers take up legislation that would reshape the regulatory landscape for retail investment advisers, industry groups are poised to present sharply contrasting visions for where expanded oversight authority should be housed.

On June 5, 2012, ING Investment Management US ramped up its defined contribution investment only team with a trio of new hires.

On June 5, 2012, Global X Funds, the New York based provider of exchange traded funds, launched a fund that gives investors exposure to the largest hedge fund managers.

Dan Arnold will replace Robert Moore, the former CFO who was named president and chief operating officer of LPL in May.

Morgan Stanley Smith Barney has hired two Wells Fargo financial advisors with $1.49 million in combined production in Syracuse, N.Y.

Wells Fargo Advisors announced it has named Kent Christian, currently head of its financial services group, president of Wells Fargo Advisors Financial Network, the broker-dealer affiliate through which Wells Fargo Advisors supports independent financial advisors.

Ultra-high-net-worth investors have decreased their allocation to hedge funds in the past year and instead favor real estate and commodities, according to the Institute for Private Investors annual Family Performance Tracking Survey.