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The Dow Jones Industrial Average rallied up 217.97 points to 13,177.68 Tuesday while the Nasdaq and S&P 500 added 56.22 points and 24.86 points, respectively.
March 13 -
Cantor Fitzgerald has named two managing directors of sales for its Prime Services Group. Both John Fiore and Marc Young will be responsible for business development and origination for hedge fund clients. In a joint statement, the two newcomers expressed their hope to be part of a growth story at Cantor Prime Services because the mid-market hedge fund space continues to be underserved by investment firms.
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Kip Meadows is the founder and acting chairman of Nottingham Investment Administration, which services more than $25 billion in assets for mutual funds and asset managers.
March 13 -
Investment education company FiPath has hired Michael Turgeon as managing director of Advisor Services.
March 13 -
Goldman Sachs has reshuffled a number of senior positions in its equities division in response to recent executive departures.
March 13 -
Given uncertainty around soon-to-expire tax cuts, what can advisors do now? Here's an interactive slide show in which five planners discuss some top tax strategies.
March 13
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Nearly one out of four pension plan participants invest solely in target-date funds, according to new research released from The Vanguard Groupa six-fold increase over the past five years.
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Walt Bettinger, president and chief executive of The Charles Schwab Corporation, has a few reasons to smile today.
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San Francisco, Calif-based Forward Management, LLC today unveiled its latest offering, the Forward Managed Futures Strategy Fund, a systematic, trend-following vehicle that will bet long and short exposure on liquid futures contracts in commodities, equities, bonds and currencies.
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La Jolla, Calif.-based Altegris, an alternative mutual fund shop, has hired Amy Bennett as its new director, sales strategy and channel marketing, reporting to Andrea Trachtenberg, chief marketing officer.
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lients of RidgeWorth Investments will now be able to access a variety of functions and data from their investment accounts thanks to a new application available for the iPad.
March 13 -
FINRA developed a more robust market surveillance and whistleblower group. And the regulator recently imposed rules that require firms to report violations.
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Putnam Investments today named Scott C. Sipple as head of investment product management and development, responsible for overseeing the firms equity, fixed income and global asset allocation product management and development teams.
March 13 -
High-yield bonds may sound risky, but they have some advantages in the current market environment, according to a BlackRock report.
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Four years after the crisis, banking and the financial industry are still dead last in public trust.
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During the transition, Ibis plans to retain its 83 client relationships representing $300 million in assets under management.
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San Diego-based Planner William Blanton and his team at Vintage Wealth Capital Management brought their $170 million book of business to Washington Wealth Management this week, in the latest addition to the rapidly growing Middleburg, Va.-based RIA.
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Marketing expert Marie Swift offers up some tips for advisors looking to restore their creativity, intuition and communications skills.
March 13
Impact Communications -
More than half of those surveyed have investable assets of less than $25,000.
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M&T Bank and Wilmington Trust have reorganized the MTB Group of Funds and Wilmington Funds into one fund family one year after their merger and two months after M&T bank revealed plans to merge its brand its funds with the Wilmington moniker.
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