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In August 10, 2012, The global exchange-traded product market attracted total inflows of $22.6 billion of inflows in July, according to the ETP Landscape report released by BlackRock.

Carlyle Group LP agreed to buy TCW Group Inc. from Societe Generale SA in a deal that will give TCW's management and employees a 40% stake.

The Municipal Securities Rulemaking Board released a proposal Thursday aimed at increasing protection for retail investors who trade municipal bonds online.

Moody's Investors Service downgraded 290 municipal issuers from April 1 through June 30, the most for any quarter since 2000, led by cities and school districts still recovering from the longest recession since the 1930s.

The Dow Jones Industrial Average trimmed off 10.45 points Thursday to finish at 13,165.19 while the Nasdaq and S&P 500 added 7.39 points and 0.58 points, respectively.

A new white paper from Forward Management LLC, San Francisco, concludes that diversifying portfolios with managed futures may enable investors to earn better risk-adjusted returns.

The independent brokerage arm of Wells Fargo & Company, now has nearly 550 practices across the country.

Neil Hattem has joined Stifel Nicolaus as a senior vice president in Los Angeles.

In an uncertain market, many wealthy clients are fearful of giving away liquid assets to reduce the size of their estates. An alternative is to give a home to the next generation using a lease-back strategy.

Proving that advisory competition is still strong, Merrill Lynch has hired a Morgan Stanley Smith Barney advisor duo with $377.8 million in client assets, and lost two other teams to other wirehouse firms.

Stocks from three industry sectors stood out from the pack last month. Did you have your clients locked into any of these summer standouts?

Carlyle Agrees to Buy TCW (Trust Company of the West) from Societe Generale

The wealth management unit reports a drop in revenue from commissions and transaction fees.

Morgan Stanley Smith Barney has shuffled two of its top executives as it aims to bolster ties its Consulting Group business has with the firm's wealth advisory services and the clients its advisory force serves.

Genworth Financial Trust Company announced a new program to help independent financial advisors find the trust companies best suited to working with them.

Looking to build out its wealth management division, SEI expects Doug Pugliese will draw clients at companies' top brass.

Operating margins in the global asset management industry have recovered from their 2009 lows, at a median 32% in 2011, yet they remain below pre-crisis levels, according to new research by U.S. Institute, McLagan and Casey, Quirk & Associates.

US ETF assets totaled $1.19 trillion as of July 31, 2012 - up 13.8% year-to-date, according to the latest ETF Snapshot report from State Street Global Advisors.

The tax-exempt market ended the day mostly unchanged as market participants said August vacations have slowed trading.

A key government witness against three former UBS AG municipal-bond executives in a bid-rigging trial called one of the defendants an "idiot" and was asked today whether he disliked him so much that he put photos of tortured cats on his desk.