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The Dow Jones Industrial Average shed 33.07 points to close at 12,675.75 Tuesday while the S&P 500 trimmed 1.37 points to finish at 1,314.63.

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 either promoted or moved to new institutions to assume roles of greater responsibility from Jan. 11 to Jan. 24 of this year.

Payroll and benefits outsourcing provider Paychex has launched Paychex Advisor Select 401(k), an offering designed for fee-based financial advsors.

Reports focused on Gen X and multi-age workers reveal varied confidence levels when it comes to planning a retirement strategy.

State Street Corporation announced the expansion of its global servicing capability for exchange traded funds. Now leveraging state-of-the-art cloud-enabled technology, State Street’s ETF servicing solution, TotalETFSM, drives full automation of an ETF.

Legacy expert attorneys Andy and Danielle Mayoras say it’s not too late to help your clients tackle an issue that should be among their most important resolutions in the New Year: estate planning.

BATS Global Markets (BATS announced the iShares MSCI Norway Capped Investable Market Index Fund will begin trading today on BATS Exchange, the first of nine new exchange traded funds sponsored by BlackRock to begin trading on the Exchange beginning this week

Electronic alpha capture is poised to become a major workflow tool for every portfolio manager and broker-dealer to help prioritize insights gleaned from incoming data and options, a new report from Tabb Group indicates.

Focus Financial Partners LLC, a firm that has grown by acquiring independent advisor teams across the United States, has hired a former Fidelity Investments director to help advisors transition as it looks to cull more top talent from the nation's biggest brokerages.

Former Major League Baseball player Douglas Mirabelli and his wife, Kristin Mirabelli, hit a home run in an arbitration dispute with Merrill Lynch this week when a FINRA panel ordered the firm to pay the couple more than $1.2 million.

Electronic alpha capture is poised to become a major workflow tool for every portfolio manager and broker-dealer to help prioritize insights gleaned from incoming data and options, a new report from Tabb Group indicates.

Aston Asset Management announced 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.

A FINRA arbitration panel has ordered Citigroup to pay $24 million to a team of financial advisors formerly employed by the firm.

Amid record attendance and formidable growth in its membership ranks, the leaders of the Financial Services Institute insisted that ensuring the organization’s potency as lawmakers define a fiduciary standard for the industry is chief among their strategies and challenges for the coming year.

As an advisor, your ability to engage in clients’ goal-setting conversations may well prove the difference between them staying with you or going elsewhere.

Firsthand Technology Value Fund said that Facebook is now its largest holding, representing more than 5% of the fund’s net assets. Yelp, another social networking company, is also among the fund's top five holdings.

Savvis has added low-latency connections to an “open access’’ exchange for interest-rate swap futures.

The number and complexity of corporate events persist, even three years after the 2008 financial crisis. Here's a rundown, from Wolters Kluwers Financial Services.

Even as the company sets out on a second round of cost-cutting in Project New BAC, chief executive officer Brian Moynihan said the company considers Wealth Management one of its core businesses – and will increase efforts to build it up.

Even as the company sets out on a second round of cost-cutting in Project New BAC, chief executive officer Brian Moynihan said the company considers Merrill Lynch Global Wealth Management one of its core businesses – and will increase efforts to build it up.