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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.

More than 20% of male baby boomers surveyed have postponed their retirement, 27% don’t know when they will retire, and 20% haven’t even saved for retirement at all.

On June 14, 2012, Teaneck, NJ-based Cognizant Technology Solutions Corp, a financial services shop, today issued a press release about a new partnership with ING U.S. “to offer a comprehensive array of insurance business process services.”

“There is a tremendous generational shift we are starting to see already,” said Tom Nally, the new president of TD Ameritrade Institutional. “By the end of the decade, the next generation, will have over $28 trillion, up from $2 trillion. It is incredible.”

IRA expert Ed Slott explains the pros and cons of converting traditional IRAs to Roth IRAs for investors over 65 years of age.

The new annuity products, which are being offered by wealth managers in the firm’s Advisor Asset Program, come in response to a growing demand among investors for a more guaranteed form of tax-deferred retirement income.

On June 14, 2012, if you think alternative mutual funds are just a fad, then maybe you haven’t seen the latest offering from PIMCO.

Independence and technology are the leading factors for successful advisors, according to four advisors at TD Ameritrade Institutional’s Elite Summit, but some of the other factors were even more surprising.

“There are so many wonderful financial planners but so few of them do business financial planning,” says Karl Frank, a planner and founder of A&I Financial Services in Englewood, Colo., who specializes in entrepreneurial clients.

Martin Capital Management, LLC, has launched the Martin Focused Value Fund, which will bet undervalued shares of publicly traded U.S. companies.

Although they can’t see customers’ held-away investments, three quarters of financial advisors give advice about these assets anyway.

Ever since the merger between alternative investment shop Ramius and investment bank Cowen Group in November 2009, the two firms have been looking at ways to integrate and grow Ramius' hedge funds, fund of funds, real estate and cash management businesses.

The Dow Jones Industrial Average shed 77.42 points to close at 12,496.38 Wednesday while the Nasdaq and S&P 500 lopped off 24.46 points and 9.30 points, respectively.

On June 13, 2012, MainStay Investments, a New York Life company, added the MainStay New York Tax Free Opportunities Fund, the firm's first state-specific municipal bond strategy, to its portfolio.

May was a lousy month for investors, especially for those holding these 10 particularly hard-hit S&P 500 stocks. Also See: May Flowers: 10 Best-Performing S&P 500 Stocks

Mutual Funds Lose $1.37 Billion Week Ending June 6, 2012. Stock Funds Lose $3.08 Billion.

On June 13, 2012, New York-based Advent Capital Management, an investment advisor specializing in convertible, high yield and equity strategies offered through long only, hedge fund and NYSE closed-end mutual fund products, has hired Osbert Hood, chief executive officer at Pioneer Investments USA’s, as its chief operating officer.