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The former CFO and Treasurer of Legg Mason’s fixed income funds has been barred from the securities industry for altering books and records of one of the funds.

Alternative investments should comprise as much as 20%, 30% or even 50% of a client's portfolio, according to an online panel of analysts and portfolio managers hosted by Envestnet.

Fidelity Investments resolved the long-running question over its succession plan by naming Abigail P. Johnson president, putting the daughter of Chairman Edward C. "Ned" Johnson III in charge of the key businesses at the second-largest mutual-fund company in the U.S.

Federated Investors has tapped Craig Bingham to lead the firm’s new Asia Pacific subsidiary and is opening an office in Melbourne, Australia.

North America led the drop in global confidence, falling 8.7 points to 84.4.

Already this year, Independent Financial Partners, which has nearly 500 advisors, has increased its advisor count by more than 50% over the total number of advisors it added in 2011.

IRAs must be valued, for tax purposes, and imprecise valuations can be costly.

With a new head of research on board, Lipper announced a new set of initiatives for the second half of 2012 that involves building out research and analytical tools.

Global exchange-traded fund assets have increased by 13.9% from $1.35 trillion to $1.54 trillion year-to-date, through the end of July 2012.

The tax-exempt market posted a sixth consecutive trading session of gains on Tuesday as demand has outweighed supply in the muni market this week, and prices are following Treasuries higher.

As the Republican convention kicks into high gear this week, don't expect the headliners to spend much time discussing the Dodd-Frank Act, much less its specific parts.

Commissioners Daniel M. Gallagher and Troy A. Paredes say proposed reforms to money funds “were unlikely to be effective.’’

Morgan Stanley and Citigroup have pushed the deadline for determining the fair market value of their Morgan Stanley Smith Barney joint venture to Sept. 10 as they wait for an independent appraisal to help reconcile their opposing values of the business

The Dow Jones Industrial Average shed 21.68 points Tuesday to finish at 13,102.99. The S&P 500 fell 1.14 points to end at 1,409.30 and the Nasdaq rose 3.95 points to close at 3,077.14.

Fidelity Investments today named Abigail Johnson president of Fidelity Financial Services, consolidating all of the company’s core businesses under her leadership.

Ryan Kaufman decided to leave Woodbury, where he has worked since 2009, after the company announced in July that it would be acquired by American International Group. "Given my personal experiences and past dealings with the potential new purchaser, I thought it would be hard for me to go back to my clients and explain that we were re-affiliating with the parent company," he said.

More than 75% feel confident they will have enough money to live comfortably in retirement, even though nearly 40% of Baby Boomers and about two-thirds of Gen Xers have less than $100,000 in retirement savings.

Global exchange-traded fund assets have increased by 13.9% from $1.35 trillion to $1.54 trillion year-to-date, through the end of July 2012.

With a new head of research on board, Lipper announced a new set of initiatives for the second half of 2012 that involves building out research and analytical tools.

Fixed income ETPs now account for 18% of global ETP assets, up from 7% in 2007 at the onset of the financial crisis, according to BlackRock. Bond ETPs garnered a 35% share of industry flows in the first seven months of 2012, according to a BlackRock report on the fixed income ETP landscape. …