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As Bank of America Merrill Lynch moves to strengthen its overall focus on institutional clients, it has renamed its Institutional Consulting Group and hired a new advisor team working with more than $2.7 billion in client assets.

Marketing expert Marie Swift details a strategy that works for financial advisors and allied professionals who are interested in serving families with significant wealth. And while this strategy works especially well for that demographic, the truly high-net-worth crowd, there are also applications for advisors who serve the middle-market millionaire and mass affluent.

The Dow Jones-UBS Commodity Index was down 14.74% for the month of September. The Dow Jones-UBS Single Commodity Indexes for Lean Hogs, Live Cattle, and Feeder Cattle had the strongest gains with month-end returns of 7.69%, 7.67%, and 7.67%, respectively.

Renaissance Capital has installed trade surveillance software from Redkite Financial Markets.

State Street said it acquired Complementa Investment-Controlling AG, a Swiss supplier of investment performance measurement and analytics services.

Loomis Sayles rolled out the Loomis Sayles Senior Floating Rate and Fixed Income Fund, aimed at navigating changing economic cycles by taking a flexible approach to investing in bank loans and other credit instruments.

Butterfield Fulcrum has partnered with Luxembourg Investment Solutions to offer fund administration services in Luxembourg. The fund administration company will serve everything from mutual funds to UCITS.

Financial advisor Cheryl Peschke has moved to Raymond James & Associates from Morgan Stanley Smith Barney after finding the firm’s values were a match for her practice.

The Dow Jones Industrial average dropped 258.08 points to 10655.30, the lowest close in over a year. The Dow Jones U.S. Total Stock Market Index also fell, shedding 377.44 points to close at 11,299.06.

In the midst of a gaping hole in life insurance coverage, Mintel Comperemedia, a research and consulting agency that specializes in direct marketing, released statistics regarding the life insurance sector’s marketing targets and found that carriers are drifting further and further away from the bull’s-eye.