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Los Angeles, Calif.-based Oaktree Capital Group, LLC has filed paperwork with the Securities and Exchange Commission for an IPO priced at $595 million with Class A units valued between $43 and $46 per share.

In his new role, Peter Dorsey will oversee advisor recruitment, practice management consulting, relationship management and sales strategy for the firm.

William Greiner has more than 25 years of experience in financial services, and was chief investment officer of Scout Investment Advisors before joining Mariner Wealth.

In an effort to break a deadlock in the SEC’s effort to adopt a uniform fiduciary standard, a group of seven influential consumer groups and industry organizations – including the FPA, NAPFA and CFP Board – have provided the commission with a proposed roadmap for resolving the debate.

Registered investment advisory firm Concert Wealth Management has hired another Merrill Lynch financial advisor as part of its expansion push this year.

Investors under 50 have a general understanding of the tax advantages of IRAs but appear to confuse the specific benefits of traditional and Roth IRAs.

Lazard Asset Management LLC has launched the Lazard Global Fixed Income Portfolio targeting both institutional and individual investors.

Mutual fund families routinely, and on purpose, use the capital in affiliated funds as “insurance pools” to offset or prevent cash shortfalls in other funds within family, according to research released by the Kelley School of Business at Indiana University.

It is the third ProShares ETF providing inverse exposure to long-term Treasurys.

Mergers and acquisitions in the U.S. financial services industry took a dip last year but potential sell-offs in Europe could pave the way for a better M&A market for 2012 and beyond, according to a new PwC report.