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Genworth Financial this week debuted a free, web-based mobile app that lets investors and advisors calculate their expected long-term care expenses from their iPhones or iPads and, simultaneously, get down to the business of adjusting their long-term financial planning goals to meet these rising costs as they age.

On April 17, 2012, Vericimetry launched it first mutual fund.

The Dow Jones Industrial Average rallied up 194.13 points to close at 13,115.54 Tuesday while the Nasdaq and S&P 500 stormed up 54.42 points and 21.21 points, respectively.

On April 17, 2012, Fund administration service provider Gemini Fund Services, LLC and Cole-boutique law firm Frieman Mallon & Hunt LLP have joined forceS to launch Two Roads Shared Trust, a shared mutual fund trust.

On April 17,CPI Qualified Plan Consultants, Inc., a third-party recordkeeping and administration company, has added the collective investment funds and exchange-traded funds advised by First Trust Advisors L.P to its retirement platform.

Chip Roame, managing partner of Tiburon, Calif.-based research shop Tiburon Advisors, is bullish on index and alternative investment products.

In April 17, 2012, Two industry bodies, the Investment Company Institute and the U.S. Chamber of Commerce, filed a suit in the U.S. District Court for the District of Columbia challenging the amendment to Rule 4.5 of the Commodity Futures Trading Commission

The Vanguard Group was recognized as the most effective full service investment advice brand online by Heardable, a firm which measures corporate online performance.

Federal prosecutors have charged a Russian national living in New York City for his alleged role in a ring that stole roughly $1 million by hacking into retail brokerage accounts and executing sham trades.

Four out of five millionaire investors surveyed by Spectrem Group say the sluggish economy was their top concern in the first quarter compared to 70% in the same period a year ealier.