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Early indications are that March will follow suit, according to Kehrer-LIMRA.

Most financial advisors do an outstanding job of building and maintaining relationships with their wealthiest clients but all too often fail to deliver the full buffet of financial services these highly coveted and well-healed clients want and need.

The combination of a robust U.S. equity market and the proliferation of company-sponsored retirement plans helped push total assets in 401(k) pans over the $3 trillion threshold at close of last year, up 13% from 2009.

Raymond James announced Monday that it hired Martin Gelb and Sonya Gelb Choeff. The father-daughter team joined the new Miami Beach branch of Raymond James.

SiVest Group, investment advisor to the Firsthand Funds, has launched the Firsthand Technology Value Fund, a closed-end, publicly traded fund.

According to an SEI Quick Poll released Monday, over 90% of advisors say their clients rarely or only occasionally ask about how to minimize taxes on their investments, even though advisors can save clients over 3% through tax-management strategies.

Exchange-traded fund assets around the world surged by 6.7% in the first quarter to $1.399 trillion, with investors pouring a net $41.4 billion into ETFs in the first quarter—more than double their investments in the first quarter of 2010, BlackRock reported.

Eighty-five percent of buy-side firms are unprepared for regulatory changes, a survey by MoneyMate, a data management firm, found.

Citigroup announced Monday its first quarter profits declined, but lending problems eased as the New York-based banking company continued to recover from the housing crisis.

Putnam Investments launched FundVisualizer, a Web-based analytical tool that allows advisers to compare more than 100,000 mutual funds and ETFs in 60 different categories and formats to help them pick and choose the products that will best meet their clients' individual investment needs.FundVisualizer, which was developed by Putnam's in-house IT staff with some help from third-party vendors in roughly 70 days, is platform agnostic -- meaning future mobile versions will be compatible with a variety of tablet PCs like the iPad and Research In Motion's PlayBook and countless others. It is powered by Morningstar data, including the full universe of mutual funds and ETFs.