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Raymond Tate, formerly a Bank of America Merrill Lynch complex manager in Phoenix joined Wells Fargo Advisors Sept. 7 as a branch manager of its Oakland, Calif., office, according to recruitment firm Willis Consulting in Palo Verdes Estates, Calif.

With investors consistently and rather alarmingly rushing to the exits of equity mutual funds ever since the May 6 Flash Crash-shareholders have yanked $72.9 billion out of stock funds-asset managers are aggressively reducing fees at an unprecedented rate.

James Lam & Associates, enterprise risk management

Advantus Capital Management has names Randal Harrison vice president and director of the insurance advisory practice, which manages assets for insurance companies. He succeeds Marilyn Forelich, who has been in this position since 1998 and who is retiring. Harrison comes to Advantus from RBC Global Asset Management, where he was a managing director and senior fixed income portfolio management.

The two-man team has $225 million in assets under management.

Loomis Sayles has launched the Loomis Sayles Multi-Asset Real Return Fund, which will invest in a variety of asset classes around the world, including derivatives, commodities and REITs, to combat all types of inflationary environments, including: inflation, debtflation, stagflation and deflation.

Bank of America Merrill Lynch fended off a summer onslaught from Citi to hold on to the top spot among municipal bond underwriters through three quarters of the year.

The Internal Revenue Service is getting the word out to employers about a provision in the recently passed Small Business Jobs Act that allows them to amend their 401(k) or 403(b) plans to allow participants to transfer an eligible rollover distribution into a Roth 401(k) or 403(b) account.

Nomura Securities International Inc. said on Monday that it hired Pascal Bandelier and Paul Sangimino as co-heads of U.S. cash equities in New York.

Banks are trying to improve customer service by training branch staff and by removing the infrastructure roadblocks that can get in the way of employees trying to do their jobs.

Nearly three months after the Dodd-Frank law created the Financial Stability Oversight Council, its first official meeting Friday was not exactly auspicious.

Advisors Tony Noisom and Chris Musino joined Raymond James from Wells Fargo in Coral Gables

The Securities and Exchange Commission released its report on May 6’s so-called Flash Crash, but did little else to clarify whether there was any malfeasance involved or whether the report would eventually lead to changes in the way trading is regulated.

Global bond and equity investors are not just relying on the U.S. to power economic growth in the world anymore, said presenters at a Natixis Global Asset Management press luncheon in New York Sept. 29.

Commissioners detail the trade that sunk the market, but won't comment on whose fault it was or what they're doing to fix the problem.

The joint report of the Commodity Futures Trading Commission and the Securities and Exchange Commission on the May 6 Flash Crash is out; and, as expected, the trigger event was found to be a large, programmed effort by a mutual fund complex to sell E-Mini contracts.

Two weeks after announcing a new 529 college savings partnership with the state of Nevada, Putnam Investments said it plans to expand sales of the program nationally.

Securities and Exchange Commission Chairman Mary Schapiro said Thursday the federal regulator could possibly issue new proposed shareholder corporate governance and executive compensation reform rules “in the next few weeks."

As the battle rages over harmonizing regulation under fiduciary standard, are more rules really the answer?

Many pre-retirees have “no idea” when they will be able to retire.