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The prospects for the U.S. economy have brightened thanks to improvements in the labor and housing markets, says TD Economics.

UBS Wealth Management Americas has snapped up several financial advisor teams and four individual financial advisors previously working with more than $1.7 billion in client assets.

The March survey of fund managers found that 23% of investors expect a stronger global economy during the next 12 months.

Ross Sims, previously at ING Financial Advisors, joins RIA and broker-dealer Atlanta Capital Group as a retirement plan specialist and managing partner.

Most investment fund clients have no idea how much their investments are costing them in terms of management fees, commissions and other hidden costs, according to money manager Greg Phelps of Redrock Wealth Management.

Mutual fund research companies Access Data and Strategic Insight have entered into a partnership pooling together their resources for financial data gathering.

State Street Corporation unveiled the State Street Fund Insights Valuation Toolkit to provide timely industry insights for fund managers and directors and help them better manage data.

What exactly makes an alternative mutual fund “alternative”? According to Cindy Erickson Zarker, director at research firm Cerulli Associates, the definition of what constitutes an alternative investment fund has changed markedly since 2008.

Mutual funds may have been an American innovation, but asset managers will now go to China, Brazil, India or wherever returns can be found, said Alan Reid, founder of Forward Fund Management, at the Investment Company Institute’s Mutual Funds and Investment Management Conference.

The operator of the Frankfurt Exchange, Eurex derivatives market and Clearstream clearinghouse plans the suit in order to recoup some of its merger costs and to clear the way to potentially make a future deal in which it could expand its derivatives operation.

The Altman Group, an affiliate of American Stock Transfer & Trust Company, LLC, has rebranded to AST Fund Solutions, LLC and formally launched its new brand at the 2012 Mutual Funds and Investment Management Conference held this week in Scottsdale, Arizona.

Castle Rock Investment Company has added Kristen Sanchez as Director of Communications. In her new role, Sanchez will gdevelop and implement a strategy to effectively communicate the firmfs ability to help plan sponsors reduce their liability while optimizing their plans,h according to the firm.

What exactly makes an alternative mutual fund “alternative”?

Mutual funds may have been an American innovation. But asset managers will now go to China, Brazil, India or wherever returns can be found, said Alan Reid, founder of Forward Fund Management, at the Investment Company Institute’s Mutual Funds and Investment Management Conference.

ICI general counsel Karrie McMillan said it is “very interesting” that commissioner Elisse Walter indicates the SEC is ‘open to ideas’ on how to reform the money market fund industry.

What is “really lacking” in the cost-benefit analysis required of SEC rule-making by the Dodd-Frank Wall Street Reform Act? Michael Downer has an idea. Cost-benefit analysis.

The Dow Jones Industrial Average picked up 6.51 points to finish at 13,239.13 Monday while the Nasdaq and S&P 500 added 23.06 points and 5.58 points, respectively.

Most investment fund clients have no idea how much their investments are costing them in terms of management fees, commissions and other hidden costs, according to money manager Greg Phelps of Redrock Wealth Management.

FINRA slammed Citi International Financial Services with a $600,000 fine for charging excessive markups and markdowns on corporate and agency bond transactions.

Mutual fund research companies Access Data and Strategic Insight have entered into a partnership pooling together their resources for financial data gathering.