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The Dow Jones Industrial Average fell 76.44 points to close at 12,932.09 Tuesday while the tech-laden Nasdaq shed 11.49 points to end at 2,946.27.

On may 8, 2012, Emerald Asset hired a new product development head.

The Jacksonville, Fla., banking company has launched a new wealth management unit that will target affluent households nationwide.

For bank reps looking to advance their careers, there’s no better news than a promotion or a job offer that’s too good to refuse. Here’s a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility. Also check out other executive changes from inside the channel.

Younger members of ultra-wealthy households are grappling with their forebears for a say in wealth planning, and women are concerned about how money affects their relationships.

On May 8, 2012, Global index provider STOXX Limited has launched the STOXX+ Minimum Variance Index family.

ETFs are all the rage these days but some inexperienced investors have lost their shirts. Here's what you need to know to avoid getting burned.

On May 8, 2012, the ETP market saw net new assets of $600 million in April, according BlackRock.

On May 8, 2012, Forward rebranded and revamped its Website.

RBC Wealth Management has expanded its Illinois force with the hiring of a mother-daughter financial advisor team from Merrill Lynch and another female financial advisor from Wells Fargo.

Arrow Investment Advisors, LLC today unveiled its maiden exchange traded fund

Banks and credit unions looking to increase revenue from investment programs should hire more advisors, according to PrimeVest’s latest research. But existing advisors won’t welcome such a move.

Jeff Wolk, together with registered sales assistant Lillian Marini, has formed the Wolk Group of Raymond James.

The Hartford is expanding its defined contribution platform with a trio of new managers and a slew of funds for retirement plan sponsors and participants.

The tragic apparent suicide of former NFL superstar Junior Seau serves as a reminder to advisors that many of their clients will need more than just investment advice and guidance after they’ve retired.

Henry Berghoef is stepping down as co-manager of the Oakmark Select Fund (OAKLX) and will retire from Harris Associates L.P., the fund's advisor, effective July 31.

NYSE Euronext said its trading in futures and options worldwide was up 9.0% in April, compared to first quarter levels. European stocks were up 17.8%, but U.S. stocks down 3.6%.

Fifty-one percent of Gen Y investors agree that investment products are overly complex, more than the 40% average for the survey and older age groups.

Denver-based Janus Capital Group Inc. has made two senior-level hires to beef up its client relations team.

Milwaukee, W.I.-based Baird has launched the Baird Small Cap Value Fund, managed by Michelle Stevens.