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Bank of America has lured Morgan Stanley Smith Barney financial advisor David Massey, who previously had $1 billion in assets under management, to its Merrill Lynch brokerage in Carlsbad, Calif.

UBS Wealth Management Americas continues to build on its recent hiring spree with the addition of a two-member Morgan Stanley Smith Barney financial advisor team in Tucson, Ariz.

A tight focus on doctors as clients keeps Ara Oghoorian, founder and president of ACap Asset Management, Inc., on top of the specialized needs of his clientele. ACap is a financial advisory firm located in Beverly Hills, Calif.

Plans to force the largest banks to hold as much as 2.5% more capital would put them at a competitive disadvantage to smaller institutions.

TS-Associates said its software for precisely measuring the performance of high-speed messaging systems now can run on the Microsoft Windows operating system and can directly access stored data, to speed up calculations.

Guinness Atkinson Asset Management has launched the Renminbi Yuan & Bond Fund, which it says is the first traditional open-end mutual fund to invest directly in bonds denominated in the Chinese currency, Renminbi.

First Trust Advisors is planning to launch the First Trust ISE Cloud Computing exchange-traded fund on Nasdaq on Wednesday, which it says is the first ETF focused on cloud computing.

While investment managers are not worried about the end of the government QE2 stimulus, their enthusiasm for the economic recovery, stocks and bonds is waning, Russell Investments found in its quarter Investment Managers Outlook survey.

Everyone knows that publicity is wonderful when you can get it. But far too many advisors think there is some sort of magic needed to get their name in print or to be interviewed on television or radio.

Rising oil prices, $14 trillion in federal debt, the near shutdown of the government and a slowing global economy resulted in "horrible" results for equity funds in the second quarter, said Tom Roseen, head of research services at Lipper, during his company's preliminary performance report on equity funds in the second quarter of the year.