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Airgead Clann, a California independent investment advisor, announced they will proceed with a FINRA arbitration against Charles Schwab regarding the abrupt termination of their investment manager service agreement in October.

Tax-exempt money market funds lost $2.03 billion -- nearly half of the unusually high bounty they amassed last week – as total net assets dipped to $272.67 billion in the week ended July 16, according to The Money Fund Report, a service of iMoneyNet.com.

Municipal bond mutual funds continue to see strong and growing demand from investors. Even though, the week was marked by modest moves in prices throughout most of the yield curve, money poured into bond funds for the week ended July 18.

New analysis from a nonpartisan group shows that JPMorgan officials accounted for 18% of all industry meetings with the Fed concerning Dodd-Frank implementation over the past two years, while JPMorgan accounted for 17% of all meetings with Treasury. Goldman Sachs, which also held hundreds of discussions with regulators, focused mainly on the CFTC.

The Dow Jones Industrial Average gained another 34.66 points Thursday to finish at 12,943.36 while the Nasdaq and S&P 500 rose 23.30 points and 3.73 points, respectively.

$12B Pulled Out of Money Funds by Institutions. Industry Shrinks by One-Third

On July 19, 2012, BlackRock has a new real estate offering in the works, dubbed the BlackRock US Real Estate Securities Strategy Fund, according to a Securities and Exchange Commission filing.

NY Fed Staff Backs Limit on Money Fund Withdrawals. ICI Opposed.

On July 19, 2012, Leveraged buyout stalwart KKR & Co. is taking a stab at retail investors with a proposed new offering dubbed the KKR Alternative High Yield Fund.

On July 19, 2012, Portland, ME-based Foreside Financial Group, LLC, a mutual fund and exchange-trade fund distributor and compliance consultant, is on a buying spree.

Many CPAs are passive in nature and afraid to ask clients to pay them extra for financial advice. Yet, often they are better positioned even than planners to suggest tax-efficient investment strategies.

Fidelity survey finds that wealthy investors are especially upbeat about consumer confidence and spending right now but still remain very concerned about real estate prices.

Ask Ed Slott: Your IRA Expert answers readers’ questions about the best way to pay for taxes resulting from an IRA conversion.

Charles Schwab is beefing up its exchange-traded fund business with a new hire from Guggenheim Investments.

Franklin Templeton Investments has named Andrew Ashton and Dennis Rothe to new roles overseeing consultant/gatekeeper relations and investment research for the company’s International Advisory Services and North America Advisory Services divisions, respectively.

Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.

Advisors and firms need to get over their aversion to audits and, instead, use them as an opportunity to improve client service and internal efficiencies.

On July 19, 2012, Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.

On July 19, 2012, It may seem completely crazy to compare the use of social media with sexual harassment.

Employees are willing and able to save more money for retirement through their workplace retirement plans. They just don’t know the best way to do it.