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Citi Fixed Income Indices and Research Affiliates have come together to develop a new series of investable bond indices based on the Research Affiliates Fundamental Index methodology.

AdvisorShares Investments, a sponsor of actively managed ETFs, announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading on Jan. 26.

James Boyle, president of John Hancock Financial Services, announced that Brian Heapps has been named president of John Hancock Financial Network.

Investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

The vast majority of U.S. households — regardless of demographic and financial characteristics — overwhelmingly support preserving the nation’s current tax incentives to encourage retirement savings.

According to statistics released today by the Investment Company Institute, investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

James Boyle, president of John Hancock Financial Services, announced that Brian Heapps, CLU, ChFC, was named president of John Hancock Financial Network (JHFN).

AdvisorShares Investments announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading tomorrow, January 26. ACCU is managed by Accuvest Global Advisors, an investment adviser that manages over $300 million in global portfolio assets.

Guggenheim Investments announced a new open-end mutual fund offering: Guggenheim Municipal Income Fund. The fund is the latest addition to its recently expanded suite of fixed-income mutual funds..

Known as the Citi RAFI Bond Index Series, the series will include sovereign and corporate bond indices and use fundamental measures to weight the index components.

Merrill Lynch agreed to pay a $1 million fine for failing to arbitrate disputes with employees about retention bonuses related to its 2009 merger with Bank of America Corp., the Financial Industry Regulatory Authority said.

Independent brokerage LPL Financial has hired eight new advisors who manage about $200 million in client assets in Massachusetts.

Affluent investors looking for market cues to invest more toward their retirement this year are most watching stock market volatility and improvement in the job market, according to preliminary results from a Merrill Lynch semiannual survey.

Harold C. Brown & Co., a small broker-dealer that became an RIA during its 80-year-old history, has lost four major partners.

Aston Asset Management said that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19. Aston surpassed the $10 billion mark shortly after celebrating its five-year anniversary.

Investors may be wondering where municipal bond yields are headed after they reached 45-year lows last week.

State Street Corporation said its exchange-traded fund service, Total ETF, will use cloud-based technology to fully automate the development and management of a fund from basket creation through to trade processing and settlement.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least-popular form of ETFs in 2011.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least popular form of ETFs in 2011.

The wealth management industry is adjusting to clients who increasingly expect that they should have anytime, anywhere access to their account information via mobile applications, according to a new study.