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Following news that Merrill Lynch Wealth Management lost several advisor teams to rivals this week, the firm is pushing back with three advisor hires of its own from competing wirehouse firms.

Sudi Mariappa, the former bond head and Managing Director at PIMCO who worked closely with founder Bill Gross, will join GLG, the investment management division of London-based Man Group PLC to manage the firm’s renewed push into fixed-income hedge funds.

Columbus, Ohio-based Huntington Funds has launched the Huntington Income Generation Fund, a fund of funds that will primarily invest in three other Huntington funds.

Loomis Sayles is making a hasty name change to one of its funds after losing out on a federal lawsuit.

Oceans of ink have already been spilled handicapping the presidential candidates' chances, based on how the stock market is doing. Now, let's take a peek at the crystal ball to see how the stock market's sectors will do if President Obama gets another four years, or the country gives the nod to Republican challenger Mitt Romney.

Meg Green & Associates, a South Florida RIA with $650 million in client assets, is switching its custody platform to Birmingham-based Sterne, Agee & Leach.

As the election approaches, advisors and their firms are watching closely. There's a lot at stake from tax reform to healthcare and the fiscal cliff, so it's no surprise that many banks and their CEOs are dropping their two cents (or $200,000) in the political piggy bank. But who's giving where?

Can it possibly be? Technology stocks are paying the most dividends?

Tax-exempt money market funds lost $1.70 billion and total net assets declined to $268.31 billion in the week ended Sept. 3 -- the second consecutive week of significant losses, according to The Money Fund Report, a service of iMoneyNet.com.

Flows into municipal bond mutual funds remained positive. Barely. Those funds that report their flows weekly saw $260 million of inflows for the week ended Sept. 5.

If President Obama wins reelection, Democrats are likely to stay on the defensive over Dodd-Frank while trying to grapple with the reform of Fannie and Freddie.

Banks like BBVA Compass, USAA and ING are turning to a flurry of new social recruiting services to help them lure the best and brightest.

Crisis may be the new normal for investors, but it's also the stark reality of the communications landscape.

The SEC has obtained a $1.1 million settlement from Portland, Ore., based planner Christopher Keil Hicks and two of his companies on charges they failed to disclose a revenue-sharing agreement and other conflicts with his clients.

The Securities and Exchange Commission has settled an administrative proceeding against two Portland, Oregon-based investment advisory firms regarding their failure to disclose a revenue-sharing agreement and other potential conflicts of interest to clients.

The Dow Jones Industrial Average stormed up 244.52 points Thursday to close at 13,292.00 while the Nasdaq and S&P 500 surged up 66.54 points and 28.68 points, respectively.

Independent planning firm RMR Wealth Builders of Teaneck, N.J., has left its long-time independent broker-dealer, the Cetera company, for Innovation Equity Partners Financial in Tampa, Fla.

Forward has expanded its institutional and intermediary sales forces with a slew of new hires.

RiverNorth Capital Management today filed a registration with the U.S. Securities and Exchange Commission for a new mutual fund—the RiverNorth/Oaktree High Income Fund.

The $5.5 billion Franklin Templeton Founding Funds Allocation last week got a Negative rating from research shop Morningstar.