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Financial advisors might want to start reviewing tax strategies for clients: Across the U.S., there were 97 increases in state sales and use taxes, 96 new taxes and nine decreases in the third quarter of the year, according to a new report.

Get ready to connect with far-flung colleagues: The FPA’s much-awaited new social networking site is live and picking up speed. Several thousand members worldwide are already connecting online, forming groups and developing their own self-directed platforms within the 24,000 member-strong organization.

Having made changes to the fund’s investment capacity, the $6.6 billion Eaton Vance Macro Absolute Return Fund is reopened to additional investments.

The Department of Labor on Monday issued final rules on investment advice in 401(k) plans, largely in line with its initial definition of advice.

The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.

A Bank of America Merrill Lynch survey of global fund managers makes it abundantly clear that just about everyone is sure Greece will default on its foreign debt obligations. And while this isn’t good news, the view from top money managers is that this eventuality has already been priced into the market and most are more optimistic about the global economy than they were last month.

Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said earlier this week that many tax benefits for the 2012 tax year will increase due to inflation adjustments.

Putnam Investments is addressing the need for customized retirement income withdrawal strategies through the launch of the Putnam Retirement Income Lifestyle Funds, a suite of three income-oriented mutual funds, and a Retirement Income Analysis Tool.

The Securities and Exchange Commission has designated the Financial Industry Regulatory Authority as the agency to develop and maintain the system for hedge fund advisors to receive new registration forms for hedge fund advisers, for a filing fee of $150.

Last week, the Financial Stability Oversight Council voted to proceed with rule-making that provides regulators with greater authority to oversee financial companies that are not banks but have more than $50 billion in assets and $20 billion in debt.