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On August 2, 2012, Sentinel Investmentsf chief executive Christian Thwaites yesterday saw four members of his investment team, including Charles Schwartz, Betsy Pecor, Matthew McGeary, and Matthew Spitznagle, walk away from their posts.

Investors steered an estimated $17.1 billion into exchange-traded funds and notes in July, bringing their total investment in the products to $93 billion for the year.

LPL Financial has announced an affiliation with Advantage Financial Group that will bring client assets of about $2 billion to LPL.

On August 2, 2012, Russell Investments has added three subadvisors to its Strategic Bond Fund (RFCSX), which preivously employed four subadvisors.

On August 2, 2012, AllianceBernstein today reported that its total assets under management were $407.3 billion as of June 30, 2012, down 2.8% from March 31, and down $53.7 billion, or 11.7%, compared to June 30, 2011.

Former brokers at Merrill Lynch, Citigroup and Lehman Brothers Holdings Inc. won a reversal of their convictions for tipping day traders to confidential data on their internal "squawk boxes," after an appeals court said prosecutors withheld critical evidence.

Pioneer Investments is boosting its coverage of registered investment advisors with the addition of Brian Kilar as a wholesaler for the RIA channel.

There have been more advances in technology for independent advisors in the past decade than there were in the previous 30 years. And the speed of this change is accelerating even faster today, giving advisors more tools to provide even better service to an even larger group of clients.

The Bush-era tax cuts were extended by the House of Representatives, but advisors are not likely to see any clarity on the matter for some time.

The Retirement Income Industry Association has released the first of a series of surveys to find out what it takes to become a top retirement income advisors.

Members of Gen X and Y have less allegiance to their investment providers than previous generations, according to a new report.

Allianz Life survey also finds many ignore the effects of inflation and taxes on their retirement income; company launches online retirement planning application.

High-net-worth investors are moving their money around on news from Europe more than uncertainties in the U.S.

On August 2, 2012, Pioneer Investments is boosting its coverage of Registered Investment Advisors with the addition of Brian Kilar as a wholesaler for the RIA Channel.

On August 2, 2012, Vanguard has severed sub-advisory ties with AllianceBernstein regarding the Vanguard Windsor Fund and Vanguard Global Equity Fund.

Joe Barrato is chief executive officer of Arrow Investment Advisors, a developer and distributor of mutual funds that are built around "targeted" levels of risk.

U.S. investors are growing gloomier about the economy thanks to the looming federal debt and the uncertainties surrounding the presidential election, as one of the closely watched investor optimism indices declined for the third time this year.

Chaisson joins the boutique wealth manager after spending 19 years at Smith Barney, Bank of America and Fidelity Investments.

Perhaps it was only a matter of time before Morningstar decided to put its stamp of approval, and disapproval, on alternative mutual funds.

For the week ended July 25, investors pulled an estimated $2.13 billion from U.S. stock funds, reversing the previous week's $95 million inflow, their first inflow since late May, according to the Investment Company Institute.