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UMB Fund Services has signed a deal to acquire the managed accounts solutions business of J.P. Morgan Worldwide Securities Services.

GE Funding Capital Market Services Inc., a subsidiary of General Electric Capital Corp., does not agree with the Securities and Exchange Commission’s plans to file charges against it in connection with an industry-wide investigation of guaranteed investment contracts and derivatives, but is discussing the matter, including a “potential resolution,” with SEC staff.

Putnam Investments is expanding its reach into the 529 college savings plan arena, after its 10-year partnership with Ohio Tuition Trust Authority comes to an end in October. Putnam is seeking new opportunities in the nationwide college savings marketplace, including new state partnerships and investment-only mandates, a spokesman from the firm said.

The sub-Saharan markets have seen 11% growth over the past five years, far surpassing the U.S market.

Money market mutual funds ended their 18-week losing streak as investors sought the safety of cash in increasingly volatile markets. Total money fund assets rose by $24.23 billion to $2.878 trillion for the week ending May 12, according to the Investment Company Institute.

State Street Global Advisors and Nuveen Investments launched an exchange-traded fund tracking Build America Bonds yesterday as investment vehicles devoted to taxable municipal debt continue to proliferate.

Declining annuity premiums mean insurers may have to rethink their annuities products in order to survive, according to a report by Scott Hawkins, vice president and insurance analyst at Conning Research & Consulting in Hartford, Conn.

Does it mean you have failed if you release clients who aren’t bringing enough revenue?

Observers say that the financial services company can thrive in a wirehouse-dominated market

Sales struggle as dwindling variable annuity riders make 1035 exchanges less likely, compelling insurers to reinvent the wheel, according to a study.

The turmoil in the economy over the last few years has sent financial advisors scurrying for greener pastures and Baird has benefited as quality talent has flocked to the firm.

The new offering extends beyond Fidelity’s investment-grade offerings to offer access to some of the ‘largest and most successful companies in America.’

Managers see plenty of opportunities ahead from new regulations and disconnects in the capital markets.

Some municipal bonds have rallied significantly since Moody’s Investors Service and Fitch Ratings last month overhauled their systems for assigning ratings to state and local government credits — effectively upgrading almost the entire universe of muni bonds.

Senate Banking Committee Chairman Chris Dodd took to the floor Thursday to beg his colleagues on both sides of the aisle to stop adding more amendments, warning the process is in danger of spinning out of control.

After years of trying, Sen. Richard Durbin, D-Ill., finally succeeded Thursday in passing a measure that would restrict interchange fees.

Hedge funds’ take on the wide array of new regulations being proposed for collateralized debt obligations, credit default swaps and derivatives, in addition to taxes on risk retention, is simple: Bring it on.

Fidelity Investments has launched a corporate bond fund with retail and adviser shares.

Nearly 58% of asset management firms are using hybrid wholesalers as they increase in scale and opportunity, according to a new study from the New York research firm kasina.

T. Rowe Price is gaining new market share as banks and other intermediaries move to a fees-and-advice model, and as the mutual fund company makes a concentrated push overseas to rebuild its assets under management.