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Fund administrator Gemini Fund Services has launched its third shared mutual fund trust, the Northern Lights Fund Trust III (NLFT III).

Great-West Retirement Services has appointed Harriet Jacobs regional sales director for its Government Markets business. Jacobs is based in Los Angeles and reports to Brent Neese, vice president of Government Markets.

Don’t be surprised to see a Vanguard coffee truck at a corner near you.

The uncertainty is ‘unbelievably disruptive’ for advisors at a time when clients are beginning to have more confidence in the markets and investing. Likely candidates to buy could include Cetera and Lincoln Financial, observers say.

Morgan Stanley Smith Barney has snapped up two financial advisors from Credit Suisse and Merrill Lynch who previously had $575 million in client assets under management.

Realizing that advisors needed help in the current low-yield environment, Schwab decided to offer an automatic bond ladder investment composed entirely of PIMCO municipal bonds.

Just two months after its $930 million acquisition of Morgan Keegan, Raymond James said that 98% of the roughly 600 Morgan Keegan financial advisors who received retention incentive offers have agreed to stay with the firm.

Greg Francfort, who most recently served as director of Neuberger Berman’s global equity research team, will be joining the firm’s MLG Group, which manages approximately $7 billion in assets for individuals, institutions and mutual funds.

When Moody’s Investors Service put the short-term credit rating of Bank of America under review for a downgrade back in February, that stirred up the water for tax-exempt money market funds.

Caribou Coffee Company, Inc. has selected Indianapolis-based McCready and Keene, an actuarial and retirement benefits consulting firm, as the exclusive service provider for its 401(k) plan, which currently has 6,000 employees and more than $7.5 million in assets, which transferred on March 1.