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Mutual funds logged another brutal week, posting a third overall outflow this year, according to the Investment Company Institute.

You're sure you read it right: Apple was to launch an "all-ETF 401(k) plan" for its employees.

On June 15, 2012, the Northern Light Fund Trust and certain members of its current and former trustees as well as an unnamed chief compliance officer received a “Wells notice” from the U.S. Securities and Exchange Commission.

There are roadblocks that can hold an organization back from achieving its full potential. But how can you turn dysfunction into better results?

Advisors “are now at the point where they are asking, ‘What oar should I buy?’” said Blane Warrene, the CEO of Arkovi, a leading social media archiving service.

The CFP Board disciplined 24 planners in its most recent thrice-yearly review of disciplinary or ethics allegations. In 13 cases, planners lost their rights to use the CFP designation permanently. Six other planners received suspensions for varying lengths of time, and five received letters of admonition.

As experts forecast persistent fiscal issues in Europe and disappointing growth domestically, this is the most important time for advisors to pick up the phone and talk to their clients, UBS Wealth Management Americas CEO Robert McCann said.

Snapshots from TD Ameritrade Institutional's 2012 Elite Summit in Laguna Beach, Calif.

On June 15, 2012, long-term mutual fund inflows fell to $14.1 billion in May, down from $24.1 billion in April and the smallest haul for the year to date, according to Kevin McDevitt, Editorial Director at Morningstar.

Social media is today's printing press and advisors have to be prepared for a new Rennaissance, according to Jason Seiden, the co-founder and CEO of Ajax Social Media Group.

On June 15, 2012, Manulife Financial said that Craig Bromley will be appointed senior executive vice president and general manager, U.S. Division, and president of John Hancock Financial Services, effective September 1.

On the first day of June, the Dow Jones Industrial Average dropped 1.95%, the Standard & Poor's Index 2.18% and the and Nasdaq Composite Index 2.5%. In effect, stock market gains for the year were wiped out. The reason: Jobs.

Tax-exempt money market funds gave up the inflows they accumulated last week — and then some — when they lost $1.45 billion and total net assets dropped to $272.20 billion in the week ended June 11, according to the Money Fund Report, a service of iMoneyNet.com.

Municipal bond mutual funds continued their hot streak. As the market saw modest firming on the week, muni bond funds saw inflows for a ninth consecutive week.

Bank of America Merrill Lynch has introduced an iPad application for its corporate treasury clients using the online payment and invoicing system, Paymode-X.

The Dow Jones Industrial Average stormed up 155.53 points Thursday to close at 12,651.91 while the Nasdaq and S&P 500 added 17.72 points and 14.22 points, respectively.

Royal Bank of Canada hired Gregory Steele to trade high-yield bonds in the United States.

On June 14, 2012, Los Angeles-based TCW Group said the combined TCW and MetWest mutual fund complex has experienced $4.7 billion in net inflows in 2012.

On June 14, 2012, SunGard today its SunGard Global Network, an automated trade-routing service connecting investors to fund families, has surpassed $400 billion in total fund assets, including mutual funds and money market funds.

For breakaway brokers, looking to grow and succeed in a competitive market can be hard, but according to Mindy Diamond, one of the industry's top recruiters, these firms allow advisors to maintain their independence and remain part of a team.