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Edward Jones is rolling out a new national recruitment force to help the firm hire a targeted number of 747 financial advisors in the U.S. and Canada this year.

The Dow Jones Industrial Average surged up 83.10 points to 12,758.85 Wednesday after the Federal Reserve announced it will not raise interest rates until at least late 2014 and added that it expects to maintain a “highly accommodative” stance to support the recovery.

A study by Ameriprise Financial and Harris Interactive found that men outpace women in planning for the financial aspects of retirement at a ratio of 77% to 72%. However, women are more likely to say they have thought about what they would like to do during retirement.

LIMRA research also indicates companies could grow their life business by being more aggressive with certain untapped markets.

Citi Fixed Income Indices and Research Affiliates have come together to develop a new series of investable bond indices based on the Research Affiliates Fundamental Index methodology.

AdvisorShares Investments, a sponsor of actively managed ETFs, announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading on Jan. 26.

James Boyle, president of John Hancock Financial Services, announced that Brian Heapps has been named president of John Hancock Financial Network.

The open question, among others, is how some of these initiatives will be paid for and whether any substantial work will get done in an election year, one planner said.

Investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

The vast majority of U.S. households — regardless of demographic and financial characteristics — overwhelmingly support preserving the nation’s current tax incentives to encourage retirement savings.