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361 Capital, a provider of alternative investment mutual funds, separate accounts, and limited partnerships to institutions, financial intermediaries, and high-net-worth investors, has entered into a strategic partnership with Lighthouse Partners, a fund-of-hedge-funds and managed account investment adviser.

The Investment Company Institute has promoted Kathleen Joaquin to the position of Chief Industry Operations Officer, replacing 25-year veteran Donald Boteler, who retired earlier in the month.

Citi Private Bank has hired two executives from Wells Fargo to serve as law firm group private banker and foreign exchange investment specialist.

In addition to the emotional issues surrounding clients’ financial decision-making, most advisors’ skill sets are not aligned with the task ahead.

Securities and Exchange Commission chairman Mary L. Schapiro told a financial services subcommittee of the House of Representatives that the federal regulator intends to spend $100 million of its $1.6 billion requested budget for fiscal 2013 on information systems and another $50 million on modernizing the EDGAR stock information database and www.sec.gov, its public web site.

Huntington Asset Services, Inc. a wholly owned subsidiary of Huntington Bancshares Incorporated, has appointed Joseph Rezabek as president of the company. Rezabek hails from Citi Fund Services, where he was managing director and head of North American Fund Services.

The expiration of payroll tax reductions — and the possibility that nothing will be resolved in Washington this year around these and other fiscal issues — could be a drag on growth, says Mark Luschini, chief investment strategist for Janney Montgomery Scott.

“Before allowing our reps to use social media, we needed a technology solution to handle our complex regulatory needs,” says Chad Oppedal, assistant director of compliance for the Principal Financial Group.

JPMorgan Securities, the brokerage arm of banking giant JPMorgan Chase & Co, is trying to lure advisers from Wall Street rivals with an unlikely pitch: "We're actually a small boutique."

The consolidated audit trail of orders placed and matched on the nation’s stock markets should cost a ‘fraction’ of what the SEC has estimated, according to a financial data expert and author speaking at TradeTech 2012 conference in New York.

The Municipal Securities Rulemaking Board has proposed rule changes and interpretive guidance aimed at ensuring that underwriters and dealers comply with an issuer’s instructions to sell bonds to retail investors during retail order periods.

Seoul, Korea-based Mirae Asset Global Investments unveiled its Global Dynamic Bond Fund, which will bet on sovereign, quasi-sovereign and corporate bonds from issuers in both emerging and developed markets, for U.S. investors.

Matrix Financial Solutions has expanded the functionality of TrueOpen, its core mutual fund trading platform, to address growing demands from retirement plan providers and advisors.

Morningstar, Inc. has launched a new alternative investments center as part of several enhancements to MorningstarAdvisor.com, a free website that provides advisors with practice management information, investment trends, and industry insights.

JPMorgan Asset Management has hired Richard Gray as managing director and institutional client advisor, based in New York and focused primarily on corporate defined benefit plans and public fund retirement plan clients. This is a new position reporting to Andrea Lisher, East Team Lead for Institutional Advisory Sales at JPMorgan Asset Management.

Symetra Investment Services, Inc., the broker-dealer registered investment advisor arm of Symetra Financial Corporation, has hired John Forrest to serve as director of business development, responsible for managing relationships, development advisors and managing sales.

SEC Chairman Mary L. Schapiro told a financial services subcommittee of the House of Representatives that the federal regulator intends to spend $100 million of its $1.6 billion requested budget for fiscal 2013 on information systems and another $50 million on modernizing the EDGAR stock information database and www.sec.gov, its public website.

Marketing expert Marie Swift says niche marketing cannot only help advisors attract significantly more business, but also provide richer opportunities for self-expression.

The Dow Jones Industrial Average tumbled 203.66 points to close at 12,759.15 Tuesday, resulting in the largest one-day decline in this calendar year.

Symetra Investment Services, Inc., the broker-dealer registered investment advisor arm of Symetra Financial Corporation, has hired John Forrest to serve as director of business development, responsible for managing relationships, development advisors and managing sales.