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Here’s an interactive slide show highlighting five facts advisors and investors need to know about actively managed ETFs.

A typical fee-based advisor undercharges clients by about $20,000 each year, according to a presentation on the PriceMetrix site.

Bank of America today released a its own version of a multiple employer plan for small businesses, dubbed Merrill Edge Small Business 401(k), targeting plan sponsors with 401(k) plan assets under $250,000.

Standard Retirement Services, Inc. is launching two enhanced retirement plan websites to provide advisors, plan sponsors and participants with a “more informative and intuitive online experience”.

Wilshire Associates Inc. has promoted John Hindman to the role of president of the firm.

Morgan Stanley Smith Barney has nabbed a UBS financial advisor team in Mount Laurel, N.J., with $800 million in client assets under management.

BATS Global Markets chief executive Joe Ratterman told customers and members of its exchanges that last week's "failure to perform as expected has no excuses.”

Analytical market data provider Benchmark Solutions has appointed Tim Grant has head of sales and marketing.

For bank reps looking to advance their careers, there’s no better news than a promotion or a job offer that’s too good to refuse. Here’s a sampling of bank reps who were either promoted or moved to new organizations to assume roles of greater responsibility in recent weeks.

N.Y. Liberty Development Corp. tops Bond Buyer 100 list of leading muni bond issuers.