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Partnering with local libraries to bring financial education to interested people in her area has been a successful route to prospective clients for Darla Main, of Main Advisory, inc. in McMurray, Penn.

Long-only institutional traders are widely worried about the impact of high-frequency trading programs on the shape of equities markets, according to a survey conducted on behalf of Liquidnet, operator of a venue for trading anonymously in large blocks of shares.

The latest incarnation of TD Bank's buildup of a broad social media program for North America -- the embedding of Twitter staff within the contact center -- is only a few months old, but the bank has already discovered the formula to win an impressive spike in the use of social media to resolve customer queries.

Morgan Stanley Smith Barney has expanded its California financial advisor force with eight new hires from Wells Fargo Advisors and Bank of America Merrill Lynch.

Janney Montgomery Scott has expanded its Private Client Group with the hiring of Michael Drumm from Morgan Stanley Smith Barney as vice president and branch manager in New York and the opening of two new retail offices in New Jersey and Massachusetts.

Citi has won a full-service administration contract to support $4 billion of registered assets at Diamond Hill Capital Management of Columbus, Ohio. Thus, the scope of service Citi will provide includes administration, accounting, transfer agency, global custody and securities lending.

A new white paper on managed futures mutual funds takes aim at Standard & Poor’s Diversified Trends Indicator, a strategy tracked by many asset managers using a passive investment approach.

Traditionally, municipal bonds have been sold to investors in units of $1,000 or even $5,000 or $10,000 per bond, a size that deters many smaller investors or leads them to turn to a bond fund. Now California is doing something about that by offering $25 mini-bonds.

Bank-affiliated brokerages have been big revenue earners for banks, especially since the financial crisis struck in 2008, but a new Aite Group study found that banks could and should be doing much more to boost revenues from cross-selling wealth management products to retail bank customers.

Asia-Pacific fund managers should start using commission sharing agreements more frequently to achieve the best deals for their customers, according to research firm Celent.