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Nuveen Investments has launched two new dividend-focused funds.

BlackRock Inc., the world’s biggest money manager, is cutting about 300 jobs, extending a reorganization that included the shakeup of its investment units last year.

Sentinel Investments has hired Jason Ronovech, as lead portfolio manager of both the Sentinel Small Company Fund (SAGWX) and Sentinel Mid Cap Fund (SNTNX).

If you’re outsourcing record-keeping around the world, you still have to oversee it, for compliance purposes, experts and asset managers say.

The Senate Banking Committee approved Mary Jo White’s nomination to lead the Securities and Exchange Commission on a bipartisan vote, clearing her way to become the first ex-prosecutor to lead the agency.

Among the many provisions of the American Taxpayer Relief Act of 2012, Coverdell education savings account tax benefits were made permanent. Thus, ESAs have caught up with 529 plans, which were awarded permanent tax preferences in the Pension Protection Act of 2006. Does this mean ESAs can play a vital in clients’ education planning?

PALM DESERT, Calif.—Developing products to meet intermediary demands is one challenge but a whole new can of worms is opened once that product hits the market.

Quality matters more than quantity when it comes to social media, says Blane Warrene, co-founder of the social media archiving firm Arkovi, now a part of RegEd. “Don’t grade yourself by number of followers, [but] by engagement,” he says.

TD Ameritrade has hired Scott Collins as director of advisor transitions.

The second set of reforms of the money market mutual fund industry now being considered will be an “interesting test case” of regulators’ ability to conduct effective analysis of the costs and benefits of rules they institute, according to a former director of the Division of Trading and Markets at the Securities and Exchange Commission.

PALM DERSERT, Calif. Hurricane Sandy caused major disruptions in the financial services industry.

Morgan Keegan employees were required to make a home office visit after their firm was acquired by Raymond James.

UBS’ latest hires come after Morgan Stanley hired several UBS advisors earlier this month.

BlackRock is cutting about 300 jobs, extending a reorganization that included the shakeup of its investment units last year.

Recruiting and hiring experienced, client-facing advisors with ultra high-net-worth experience is extremely difficult right now, with demand high and supply low, say a number of executive search specialists.

The Internal Revenue Service is reminding tax professionals that they must implement safeguards to protect taxpayer data.

Federal regulators would “like to codify exemptive relief” from provisions of the Investment Company Act of 1940, so they can focus on more innovative fund applications.

A managing director of Charles Schwab Investment Management said the money market mutual fund industry has ‘nothing to hide’ about the value of its assets. Floating the stated value of each share of a fund, however, would result in “a lot of imposed inconvenience.’’

U.S. Bancorp has agreed to purchase Deutsche Bank's municipal bond trustee business, which has about $57 billion of assets under administration and 1,100 trust and agency contracts.

Almost half of American workers and 36% of retirees lack confidence that they will have enough money for a comfortable retirement—but few are turning to advisors for help.