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"The House did not take up the tax measure today because it did not have sufficient support from our members to pass," Boehner said in a statement after Republicans broke from a conference where leaders made a last-minute appeal for votes.

Ex-CFP Board Chief Alan Goldfarb Leaves Weaver, Opens New Planning Firm

While the bloom is still on the alternative mutual fund rose, 2012 hasn't been as kind to alternatives as in years past.

Target-date funds are slowly inching their way into 401(k) plan participants’ portfolios.

Ahead of two votes in the House of Representatives on Republican-backed spending and tax bills, Senate Democrats ripped into House Speaker John Boehner's so-called "Plan B," calling the proposals to avoid going over the fiscal cliff a "nonstarter" in the upper chamber and deepening the partisan impasse ahead of a year-end deadline to avert a series of automatic tax increases and across-the-board spending cuts.

Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.

ICE is smaller but more profitable. The combined company would operate globally, in trading of equities, futures, options, credit-default swaps, and interest-rate products as well as clearing.

TD Ameritrade Institutional has expanded the integration of leading advisor customer relationship management technologies (CRM) with its open access network, Veo.

Envestnet-Tamarac, a Chicago-based provider of integrated web-based portfolio and client management software for independent advisors, has entered into a strategic alliance with Salentica Inc., a provider of client relationship management and client reporting technology solutions for wealth managers

Boston-based MFS capped off its busy year of rebranding and global advertising by completing the move of its corporate headquarters to 111 Huntington Avenue this week.

The San Diego-based firm plans to open three new offices in “key” California markets over the next 12 to 18 months.

Industry veteran Stephen Mullins will be responsible for overseeing the strategic direction of the firm and the portfolio management team.

FlexShares has launched a trio of dividend-focused equity index exchange-traded funds.

Belinda Sherman has been promoted to president of The Huntington Investment Company, reporting to Steven Short, director of Huntington Wealth Advisors.

Americans held $5 trillion in all employer-based DC retirement plans on September 30, of which $3.5 trillion was held in 401(k) plans, according to data from the Investment Company Institute.

Invesco PowerShares Capital Management said it plans to close 13 ETFs, which represent less than 1% of Invesco PowerShares’ total assets.

Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season.

As the market prepares to ring in 2013, municipal experts have mostly positive expectations for interest rates, credit quality, investor demand, and the viability of municipals' tax exemption in the New Year, mixed with some lingering apprehensions about the fiscal cliff and overseas turmoil.

Bank is seeing unusual volumes of traffic, but the "vast majority" of customers are not affected, it says.

The Clearing House spent 10 months and $2 million to plan a simulation of a large bank failure — and the results are not only fascinating, they're exemplary.