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Alexander Rorke has joined Louisville-based Hilliard Lyons as senior vice president and director of public finance.

Symetra Investment Services has hired a new director of business development away from Lincoln Financial Network, the retail sales and financial planning affiliates of Lincoln Financial Group.

Investors are much savvier about retirement planning than commonly thought, at least when it comes to target-date funds, according to a research note from investment management company Vanguard.

Robert W. Baird & Co. has hired Morgan Stanley Smith Barney executive Mark T. Stevanovic to open the firm’s first wealth management office in Maine.

On the heels of Bill Gross’ latest active exchange-traded fund, BlackRock has thrown its hat into the active ETF space with a proposed offering of its own.

A senior Prudential executive is calling upon the government to promote the development of multiple employer plans, which allows many small employers to pool their resources together under a single defined contribution plan.

Morgan Stanley said it has placed broker David S. Walker on leave, after prosecutors said a 44-year-old mother of four accused of running a brothel had visited the firm to discuss an online prostitution venture.

Exchange-traded fund sponsor WisdomTree has launched a corporate bond ETF covering emerging market issuers across Asia, Latin America, Eastern Europe, Africa and the Middle East.

PIMCO’s All Asset All Authority institutional fund received a Gold rating this week from Morningstar Analyst Ratings. The PIMCO fund, managed by sub-advisor Rob Arnott of Research Affiliates, “had its many moving parts moving in sync in 2011,” according to a report by Morningstar analyst Kevin McDevitt.

J.P. Morgan Worldwide Securities Services has hired Stephanie Miller as global head of the alternative investment services business. In this new role, Miller will oversee strategy and direction for the Private Equity & Real Estate Services and Hedge Fund Services at WSS.