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Dan Arnold will replace Robert Moore, the former CFO who was named president and chief operating officer of LPL in May.

Morgan Stanley Smith Barney has hired two Wells Fargo financial advisors with $1.49 million in combined production in Syracuse, N.Y.

Wells Fargo Advisors announced it has named Kent Christian, currently head of its financial services group, president of Wells Fargo Advisors Financial Network, the broker-dealer affiliate through which Wells Fargo Advisors supports independent financial advisors.

Ultra-high-net-worth investors have decreased their allocation to hedge funds in the past year and instead favor real estate and commodities, according to the Institute for Private Investors annual Family Performance Tracking Survey.

After more than two decades urging the SEC to increase regulatory oversight of financial advisors, Barbara Roper stunned many on both sides of the debate by declaring herself open to the prospect of regulation coming from a self regulatory organization, such as FINRA.

On June 5, 2012, Prudential Investments launched the Prudential Jennison International Opportunities Fund (PWJAX), which bets on international equities.

Patrick J. Cappatt joined the team to help the firm attract new clients, families, endowments and foundations throughout the Pittsburgh region.

Are your clients prodding you for hedge funds and other alternative investments to diversify their portfolios and boost paltry returns on equities and bonds? They might want to think again.

Marie Chandoha, president of Charles Schwab Investment Management, told the SEC that a new study on money-market funds was “troubling” because it wrongly concludes that the funds are dangerously susceptible to runs and presumes more regulation is needed.

Citi has expanded its coverage of the investor servicing consultant community for asset managers with the appointment of Frederick Bailey as head of North America consultant relations.

After more than three decades in the asset management industry, Bob Doll, BlackRock’s chief equity strategist, has decided to retire from the firm.

The tax-exempt bond market started the week off on a slow note as traders waited to take direction from what is expected to be one of the larger weeks of new issuance in the muni market.

Institutional investors are increasingly turning to exchange-traded funds for their investment needs, according to a Greenwich Associates study.

On June 5, 2012, Bob Doll, BlackRock’s chief equity strategist, decided to retire from the firm.

Legacy expert attorneys Danielle and Andy Mayoras say that the inventors of Gore-Tex, the breathable, waterproof fabric used by many outdoorsmen, illustrate why advanced estate planning is critical.

The Dow Jones Industrial Average trimmed 17.11 points to finish at 12,101.46 Monday while the Nasdaq and S&P 500 inched up 12.53 points and 0.14 points, respectively.

On June 4, 2012, Citi expanded its coverage of the investor servicing consultant community for asset managers with the appointment of Frederick Bailey as head of North America consultant relations.

On June 4, 2012, Ivy Funds expanded its global product line with the launch of the Ivy Global Equity Income Fund.

Investors poured an estimated $4.2 billion into U.S.-listed exchange-traded funds and notes during the month of May, bringing total year-to-date inflows into exchange-traded products to $63.1 billion.

On June 4, 2012, Marie Chandoha, president, Charles Schwab Investment Management, has a few choice words for International Organization of Securities Commissions on its recently released Consultation Report.