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J.P. Morgan Asset Management is proposed a fundamentally different approach to defined contribution plans by stripping down offerings a complexities to a menu of just three choices: a diversified stock portfolio, a diversified bond portfolio and one offering diversified cash alternatives.

Ultra-high-net-worth individuals in North America, or those with a net worth of $30 million or more, will outpace UHNW individuals in Asia-Pacific through 2032, according to Wealth-X’s “World Ultra Wealth Report 2011,” released Thursday.

FINRA has fined Morgan Stanley Smith Barney $1 million and ordered another $371,000 in restitution and interest to customers for excessive markups and markdowns charged to customers on corporate and municipal bond transactions as well as other supervision violations.

WASHINGTON — For more than a year, Republicans have been hammering Democrats for what they say are the hefty economic costs of new financial regulations.

The Tokyo Stock Exchange said it will migrate futures trading to a new electronic system that eliminated the “open outcry” system of yelling for attention on an options trading floor.

NYSE Euronext said the volume of stock trading it handled in the United States dropped again in October, after peaking in August.

Most accountants involved in tax preparation are already involved in financial planning, even though they might not realize it.

More than $1.2 trillion has been redeemed from equity mutual funds since September 2008, and retail outflows year-to-date through September have surpassed $89 billion—on pace to be greater than all of the money that fled mutual funds in 2008, said Ron O’Hanley, president of asset management and corporate services at Fidelity Investments.

"Emerging markets are just a niche asset class” persistently remains as one of the five biggest myths about investing in emerging markets, said John Flint, chief executive officer of HSBC Global Asset Management.

The Dow Jones Industrial Average plunged 389.24 points to 11780.94 as investors grew concerned about the Euro zone. Stocks had the largest points and percentage drop in seven weeks.