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JHS Capital Advisors, a Tampa, Fla., registered investment advisor, announced Monday that it has hired Tim Forsman as a senior vice president of fixed income investments.

Seventy-three percent of annuity owners and 17% of non-owners agreed that annuities are an important part of a retirement strategy, compared to 55% and 8%, respectively a year earlier, according to the survey of investors and financial advisors released at the IRI 2012 Annual Meeting,

"The industry has been in an interesting transformation," said Catherine J. Weatherford, president and CEO of the Insured Retirement Institute. "The financial crisis hit banks rapidly, but for the life insurance industry, it took a while for the issues from the crisis to develop."

If you're thinking about starting your own financial services firm, you're going to need a ton of money and even more patience.

Novato, Calif.-based Hennessy Funds moved closer to finalizing its acquisition of FBR Funds, and transferring the assets into various Hennessy funds.

The Kentucky-based firm has hired a former Merrill Lynch advisor with $29 million in AUM.

The tax-exempt market ended on a slow note after a week that was described as mostly firmer by traders.

Forrester's new digital sales rakings laud the performance of Wells Fargo, Citigroup and Capital One, and say the new frontier of web sales calls for improvements in merchandising and onboarding.

Advisors want more control over clients' managed accounts, and such accounts increasingly tilt towards mutual funds. Judging from recent results, though, the combination of these trends might not be good news for clients.

Risk management and regulatory reporting.

The Dow Jones Industrial Average gained 14.64 points Friday to close at 13,306.64 while the Nasdaq and S&P 500 added 0.61 points and 5.80 points, respectively.

Franklin Templeton has expanded its defined contribution investment only team this year with the addition of four wholesalers.

As the asset management industry evolves, innovative product options are being introduced to compliment traditional pooled vehicles.

Multi-manager shop Virtus Investment Partners has added Rampart Investment Management, which specializes in customized options strategies for institutional and high-net-worth clients, as a wholly owned affiliate of Virtus.

Now you can say it is so: Abigail Johnson last month was named president of Fidelity Investments and, effectively, successor to her father, Edward "Ned" Johnson, chief executive officer of Fidelity Investments.

Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting.

Theresa Hamacher was named to her current position as president of NICSA (the National Investment Company Service Association) in March 2008.

There's no rest or relaxation for operations managers, as fund firms adjust to life in an era of worldwide financial reform.

Risk management and regulatory reporting.

Artio Global Investment Funds last month decided to liquidate four equity funds.